Article 824. The contract of financing under the assignment of a monetary claim.
1. Under a financing contract for the assignment of a monetary claim, one party (financial agent) transfers or undertakes to transfer to the other party (client) monetary funds against the monetary claim of the client (creditor) to a third party (debtor) arising from the provision of goods by the client and the performance of work or the provision of services to a third party, and the client concedes or undertakes to cede this monetary claim to the financial agent. The monetary requirement for the debtor may be assigned by the client to the financial agent in order to ensure the fulfillment of the client’s obligations to the financial agent. 2. Obligations of a financial agent under a financing contract for the assignment of a monetary claim may include maintaining accounting records for the client, as well as providing the client with other financial services related to the monetary claims that are the subject of the assignment.
References to other articles of chapter 43. Financing under the assignment of a monetary claim: