According to German law, the contract of assignment of creditor's rights belongs to contract law. In the German Civil Code, the transfer of creditor's rights is carried out by way of assignment. When the debtor signs a written contract with the new creditor to transfer the creditor's rights, the original creditor no longer enjoys the creditor's rights, and a new creditor-debtor relationship is established. In Germany, the transfer of creditor's rights must meet the conditions stipulated by law, otherwise the transfer will be invalid or revoked. The creditor's rights transfer contract must clearly stipulate the identity of both parties, the type and specific amount of creditor's rights, the time and method of transfer and other key issues.
The transfer of creditor's rights refers to the act of creditors transferring their creditor's rights to others. The transfer of creditor's rights is essentially the transfer of property rights. In the transaction, the original creditor transfers the original creditor's right from his own name to the third person's name in a certain form. Matters related to the assignment of creditor's rights shall be executed in accordance with the agreement between the creditor and other parties. The scope of application of creditor's rights transfer is very wide, including credit creditor's rights, mortgage creditor's rights and secured creditor's rights. There are many practical application scenarios of creditor's rights transfer: for example, banks transfer loans to third-party institutions, and enterprises transfer accounts receivable to trading companies or financial institutions. The transfer of creditor's rights can help creditors get faster return on capital, reduce credit risk and improve investment efficiency.