ASSIGNMENT
Other Names: Assignment and Delegation • Anti-Assignment
Sample Clause Language:
This Agreement may not be assigned by either party without prior [written] consent of the other party[,which consent may be withheld at the other party’s sole and absolute discretion] [,which consent may not be unreasonably withheld or delayed].
Source: PIMCO Energy & Tactical Credit Opportunities Fund (2019, January 29). Form N-2. Retrieved from SEC EDGAR website http://www.sec.gov/edgar.shtml
Description:
Assignment clauses provide limitations on the transfer of a party’s rights or duties, or both, under the agreement. The sample clause here is neutral and prohibits either party from transferring its rights or duties without the consent of the other party.
Common Contracts with this Clause:
- All Commercial Agreements
What you'll see with Lawgood:
Four (4) Alternative Positions
- Mutual (Simple)
- Mutual (With Permitted Exceptions)
- Mutual (No Successors)
- Unilateral
Draft better contracts with Lawgood.