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Assignment and Transfer |
Parties to an agreement generally expect the entity that signs a contract to be responsible for its performance. Accordingly, most agreements provide that no party to the contract can assign it--that is, substitute some other person or company as a party to the agreement--without written permission from all other parties to the contract.
Look our for clauses that do not apply equally to all parties to the contract--normally no party should be able to assign or otherwise transfer its rights or obligations under the contract without the written approval of all other parties to the contract. If there are exceptions, they should apply to everyone.
Go to:
· Examples of specific contract language
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