Our team of specialists has extensive experience in drafting various types of contracts, taking into account the client's wishes and ensuring the protection of the client's interests. We draft contracts in accordance with Latvian regulations, including provisions that protect our clients by anticipating potential risk situations.
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Assigned debt means that the creditor has entered into an assignment agreement with a third party (assignee), on the basis of which the creditor has transferred to the new creditor (assignee) his right to demand performance of obligations from the debtor instead of the previous creditor.
Yes, the loan agreement can be concluded verbally, but it should be noted that in the event of a dispute between the lender and the borrower, the lender must be able to prove that he issued the loan and that the borrower received/accepted the loan. Therefore, we recommend concluding the loan agreement in written form.
For the sale of capital shares, a capital share purchase agreement must be concluded between the owner of the shares and a potential buyer, in which, among other things, must be specified the name of the company whose shares are being sold, the number of shares and their nominal value, the serial numbers of the shares, the purchase price of the shares.
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