What is it and what’s the difference

Two legal tools for shifting or extending debt liability:

• Debt transfer: new debtor replaces the original

• Debt accession: new debtor joins the original – both are liable

Legal background

Based on Sections 1892–1899 of the Czech Civil Code

🔁 Debt Transfer – main features

• Original debtor is replaced

• Requires creditor’s consent

• Used in business transfers, refinancing, asset sales

➕ Debt Accession – main features

• New debtor joins the original

• No consent from original debtor needed

• Both are liable jointly and severally

• Used in personal guarantees, joint loans

Common mistakes

• No written contract

• Confusion between transfer and accession

• Missing consent where required

• Incomplete specification of scope (partial/full)

• Forgetting impact on collaterals

Practice tip

Always state clearly:

Who owes what, to whom, how much, and under what legal title.

Templates available – symbolic fee

I offer Czech-English templates for:

• Debt transfer agreement

• Debt accession agreement

• Optional hybrid versions

Contact me for fast, enforceable solutions.

FINAL THOUGHTS – WHAT NOW?

A debt transfer agreement or debt accession agreement isn’t just a formality – it’s a legal shield, if drafted properly. And a trap, if not.

Do you want to be sure your contract will hold up even in a crisis? Get in touch and let’s schedule a meeting. I am a specialist on contract law – more information here.