This provision provides that the assignee agrees not to assign, either in whole or in part, the interests in leases and lands acquired in the assignment, or in the oil or gas to be produced for the leases and lands without the written consent of assignor.
New Mexico Consent to Assignment is a legal document used to transfer a person's rights and responsibilities under a contract to another party. This document, also known as an Assignment Agreement, provides written consent from the parties involved in the original contract, allowing for the assignment of their contractual obligations to a third party. In New Mexico, there are several types of Consent to Assignment agreements depending on the nature and scope of the original contract. Some key variations include: 1. Consent to Assignment of Lease: This document is used when a tenant wants to transfer their lease agreement to another individual or entity, often referred to as the assignee. The original tenant, the landlord, and the assignee must provide their consent in writing for this assignment to take place. 2. Consent to Assignment of Contract: This type of agreement is utilized when one party wishes to transfer their rights and obligations under a specific contract to someone else. It typically requires the consent of all parties involved in the original contract, including the assignor, assignee, and the other party. 3. Consent to Assignment of Intellectual Property: Intellectual property rights, such as patents, trademarks, or copyrights, can also be assigned to another individual or entity. This consent agreement ensures that all relevant parties consent to the transfer of these valuable assets and outlines the terms and conditions of the assignment. 4. Consent to Assignment of Mortgage: In the case of a property mortgage, this agreement allows the mortgagee (the lender) to assign the mortgage to a third party, often referred to as the assignee. This consent is typically required to avoid any breach of the original mortgage agreement. When drafting a New Mexico Consent to Assignment, it is crucial to include essential details such as the names and addresses of all parties involved, the effective date of the assignment, the specific rights and responsibilities being transferred, and any conditions or restrictions that may apply. It is also advisable to consult with a legal professional to ensure compliance with New Mexico state laws and to address any unique circumstances related to the assignment.
