What are the conditions for the company to cancel the transfer of creditor's rights and debts?

Legal analysis: The conditions for a company to cancel the transfer of creditor's rights and debts are: 1. The party transferring the creditor's rights and debts must obtain the consent of the other party; 2. Creditor's rights can be transferred according to the nature, the agreement of the parties and the legal provisions; 3. Do not harm the interests of third parties.

Legal basis: Civil Code of People's Republic of China (PRC).

Article 545 Creditors may assign all or part of their creditor's rights to a third party, except in any of the following circumstances:

(a) according to the nature of the creditor's rights shall not be transferred;

(two) according to the agreement of the parties shall not be transferred;

(3) It shall not be transferred according to law.

If the parties agree that the non-monetary creditor's rights cannot be transferred, they may not confront a bona fide third party. If the parties agree that the creditor's rights are not transferable, they may not oppose a third party.

Article 551 Where the debtor assigns all or part of the debt to a third person, it shall obtain the consent of the creditor.

The debtor or a third party may urge the creditor to give consent within a reasonable time. If the creditor fails to express it, it shall be deemed as disagreement.