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:

Number of Positions Available:

Four (4) Alternative Positions

  • Mutual (Simple)
  • Mutual (With Permitted Exceptions)
  • Mutual (No Successors)
  • Unilateral

Related Clauses:

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