on the basis that the assignee executes an undertaking
English translation: siempre que el cesionario formalice un convenio de compromiso
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20:06 Aug 13, 2006
English to English translations [PRO] Law/Patents - Law: Contract(s) / distribution agreement
English term or phrase:on the basis that the assignee executes an undertaking
Any such assignment that the assignee executes an undertaking that it will assume all the liabilities and obligations of the party making the assingment.
My mistake Erich. Sorry. My explanation would be that such assignment shall be effected only upon the signature of the asignee's written commitment to pay the debts of the assignor. Thanks for pointing out my mistake. Claudia