TRANSFER OF THE AGREEMENT

TRANSFER OF THE AGREEMENT

It is frequently used, one partner offers (transfers) the rights to a third partner, either partially or totally. Romanian Civil Law admits the transfer of rights but due to its 'silence' we may understand that it accepts the transfer of obligation too. The partner that gives up is 'cedent' and the one who gets is 'cedar'. The transfer should be done according to the law.

None of the partners of the present agreement should transfer the rights and obligations of this agreement to the other partner. The written agreement should be offered to the ''cedent' in maximum days since the date the 'cedent' required the 'cedat' 's acknowledgement

In the case the 'cedat' does not answer in the already given interval of time, it is considered that the 'cedent' agrees with the transfer of the agreement .(to avoid the risk of a possible abusive attitude of the debtor, the partners

may foresee cases when the cedat' s denial is considered non relevant for 'cedent').