Abstract
Chapter 9 of the UNIDROIT Principles of International Commercial Contracts (PICC) deals with assignment of rights, transfer of obligations, and assignment of contracts. In essence, the assignment of a right under Section 9.1 of the PICC is effective without the participation of the obligor. The effect of notice of the assignment to the obligor is that the obligation is no longer discharged in favour of the assignor. The PICC offer efficient and practical solutions to issues concerning the assignment of monetary rights and thereby may contribute to facilitating the transfer of such rights. With respect to the assignment of non-monetary rights, the PICC are the only international instrument that attempts to provide a comprehensive solution. However, the PICC do not address issues of third party rights, with the exception of Art 9.1.11.
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