This form provides boilerplate contract clauses that prohibit or restrict assignments or other delegation of rights under a contract. Several different language options representing various levels of restriction are included to suit individual needs and circumstances.
Louisiana Assignment and Delegation Provisions - The Anti-Assignment Clause
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Neither this Agreement nor any of the rights, interests or obligations under this Agreement shall be assigned, in whole or in part, by operation of law or otherwise by any of the Parties without the prior written consent of the other Party. Any purported assignment without such consent shall be void.
For value received, I, _______________________________ as assignor, herby transfer and assign to __________________________________________, as assignee, his heirs and assigns, all rights and interest in that contract between ________________________________________, seller, and assignor ...
Examples of assignment clauses include: Example 1. A business closing or a change of control occurs. Example 2. New services providers taking over existing customer contracts. Example 3. Unique real estate obligations transferring to a new property owner as a condition of sale. Example 4.
The Pledgee shall have full power to delegate (either generally or specifically) the powers, authorities and discretions conferred on it by this Agreement on such terms and conditions as it shall see fit. The Pledgee shall only remain liable for diligently selecting and providing initial instructions to such delegate.
The following is an example of a non-assignment provision encompassing the right to payment: ?This contract cannot be assigned to anyone without the written consent of both parties. No party to this contract has the power to sell, mortgage, encumber, or anticipate the future payments by assignment or otherwise.?
No Party party hereto shall assign this Agreement or any part hereof without the prior written consent of the other Parties. parties. Subject to the foregoing, this Agreement shall be binding upon and inure to the benefit of the Parties parties hereto and their respective permitted successors and assigns.
Anti-assignment clauses are insurance policy provisions that require the insurance company's consent to any assignment or transfer of rights of the policy and are generally enforceable before a loss occurs.
?The Buyer reserves the right to assign this contract in whole or in part to any third party without further notice to the Seller; said assignment not to relieve the Buyer from his or her obligation to complete the terms and conditions of this contract should be assigning default.?