Advantages and problems of the contract for assigning a monetary claim to another person's benefit

  • PhD, Acting Associate Professor, Department of Civil and Business Law, Berdakh Karakalpak State University
  • Student, Berdakh Karakalpak State University

DOI

https://doi.org/10.47689/2181-1415-vol6-iss5-pp108-114

Keywords

factoring , financing , advantages and challenges , small and medium enterprises , debtor , financial agency , client , liquidity

Abstract

In the current market economy, a financing agreement involving the assignment of monetary claims to another party's benefit, which was introduced by law as an innovation for entrepreneurs, is developing significantly. Factoring is a financial service used in business, through which a company (or individual) sells its future monetary claims (debts) from clients to a third party - a factoring company. In exchange, they receive immediate funds. This agreement not only facilitates working with local entrepreneurs but also creates considerable conveniences in financial transactions and settlements when dealing with foreign legal entities.

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Published

Advantages and problems of the contract for assigning a monetary claim to another person's benefit

How to Cite

Abdreymov, Y., & Anvarova, K. (2025). Advantages and problems of the contract for assigning a monetary claim to another person’s benefit. Society and Innovation, 6(5), 108–114. https://doi.org/10.47689/2181-1415-vol6-iss5-pp108-114