(excerpt):
“[…] This method of the transfer of obligations which is widely used in international commercial practice is reflected in the Principles of International Commercial Contracts (the UNIDROIT Principles), a document of the private law unification, which is a set of generally accepted rules in international trade. Thus under Article 9.2.1 “Modes of transfer” an obligation to pay money or render other performance may be transferred from one person (the original obligor) to another person (the new obligor): a) by an agreement between the original obligor and the new obligor with due regard to Article 9.2.3 (subject to the obligee’s consent); b) by an agreement between the obligee and the new obligor, by which the new obligor assumes the obligation […]”. |