Agreement on the termination of obligation by transferring indemnity: content and special features by V. V. Rasskazova

“…It has been suggested that it is the content of the agreement between the creditor and the debtor on the transfer of the indemnity, which is concluded in compliance with the requirements of current legislation, that allows distinguishing the indemnity from related institutions of law of obligations, and determining the nature of legal relations between the parties in case of disputes. For example, debt forgiveness is a law-terminating legal fact presented in the form of a transaction that does not create an obligation between the creditor and the debtor, and novation, unlike indemnity, does not provide for the termination of the binding relationship between the parties, but rather the preservation of such a relationship in a modified form. …”
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