Join our live weekly webinars for a full demo of Concord — Register now. Re: Request to Assign [ TYPE OF CONTRACT ] Contract. The Contract term runs through [ DATE ] and both parties are obligated to honor the terms of the Contract until that date. Moreover, according to Section [ SECTION NUMBER ] of the Contract, we cannot assign our rights under the Contract without your consent. In light of the above, we kindly request your written consent to assign any and all rights of ours under the Contract to the above-referenced Assignee. With your signature below, you will consent to our assignment of the Contract to the Assignee. Second, the parties must execute an assignment. Create an agreement that transfers the rights and obligations of one party to the assignee.

Third, notify the other party of the contract. Once the contract rights have been assigned to the new party, you should notify the other party of the original contract. Providing written notice removes you from being responsible for any part of the contract unless there is language in the contract that says differently or the assignment is illegal. As you are negotiating and writing a contract, consider whether you want the contract to be able to be assigned. If you don't want assignment to be a legally viable option, that needs to be clearly stated in the contract.

If you need help with consent to assignment, you can post your legal need on UpCounsel's marketplace. UpCounsel accepts only the top 5 percent of lawyers to its site. Lawyers on UpCounsel come from law schools such as Harvard Law and Yale Law and average 14 years of legal experience, including work with or on behalf of companies like Google, Menlo Ventures, and Airbnb. Consent to Agreement By executing this Agreement, each party, for itself represents such party has read or caused to be read this Agreement in all particulars, and consents to the rights, conditions, duties and responsibilities imposed upon such party as specified in this Agreement. Each party represents, warrants and covenants that such party executes and delivers this Agreement of its own free will and with no threat, undue influence, menace, coercion or duress, whether economic or physical.

Moreover, each party represents, warrants, and covenants that such party executes this Agreement acting on such party's own independent judgment and upon the advice of such party's counsel. Consent to Collateral Assignment Subject to the provisions of this Section The Collateral Assignment Agreement must be in form and substance agreed to by SCE, Seller and Lender, and must include, among others, the following provisions:. Amendment to Exhibit B Exhibit B to the Agreement is hereby deleted and replaced in its entirety by Exhibit B to this First Amendment as of the effective date of this First Amendment. Shift Assignment Should the University elect to establish a shift on any other schedule than the regular day shift Monday through Friday or to assign employees to work on any such shift, the employee s with the most seniority in the classification affected or to be assigned on such shift shall have preference in moving to such shift.

If an insufficient number of employees in the classification elect to move to such shift, then the employee s with the least seniority in the classification shall be assigned to such shift. If positions or shifts are reduced or eliminated or movement of personnel to other shifts is required, then the seniority of the affected employee will prevail in the selection of shift, provided the affected employee can do the required work. Such shift preference is only applicable within the employee's classification.

Consent to assignment refers to allowing a party of a contract to assign a contract and move the obligations to another party. The party of the existing contract, known as the assignor, will pass on the contract to another party, known as the assignee. The goal is for the assignee to take over the rights and obligations of the contract. For a contract to be assigned, the other party must be aware of what is happening. The assignment of a contract differs depending on the type of contract and the language in the original agreement. Some contracts contain a clause that doesn't allow assignment at all, while other contracts have clauses that require the other party to consent before assignment can be finalized. Consider the following scenario. A business owner contracts with a computer company to have a processor delivered every time a new model is released.

The computer company assigns the business owner's contract to another provider. As long as the business owner is aware of the changes and still receives the processors as scheduled, his contract is now with the new computer company. However, assigning a contract doesn't always exempt the assignor from their duties and responsibilities. Some contracts include a clause that states that even if the agreement is assigned to another party, the original parties guarantee that the terms of the contract will be fulfilled. There are a number of situations where a contract assignment won't be enforced , including:. It is common for a party to sign a contract and have someone else actually fulfill his duties and do the work required by the contract.

However, some contracts can't be delegated, such as when a party agrees to service done by a particular person or company. If a company contracted with Oprah Winfrey to be a keynote speaker, Oprah wouldn't be permitted to delegate her performance duties to anyone else. If both parties agree that the work can't be delegated, they should include specific language in the original contract. Assigning a contract is a three-step process. First, check to see if the contract has an anti-assignment clause or if there are limitations around assignments. If there is language in the contract that states it can't be assigned, the other party must consent to an assignment before you can proceed.

Second, the parties must execute an assignment. Create an agreement that transfers the rights and obligations of one party to the assignee. Third, notify the other party of the contract. Once the contract rights have been assigned to the new party, you should notify the other party of the original contract. Providing written notice removes you from being responsible for any part of the contract unless there is language in the contract that says differently or the assignment is illegal. As you are negotiating and writing a contract, consider whether you want the contract to be able to be assigned.

If you don't want assignment to be a legally viable option, that needs to be clearly stated in the contract. If you need help with consent to assignment, you can post your legal need on UpCounsel's marketplace. UpCounsel accepts only the top 5 percent of lawyers to its site. Lawyers on UpCounsel come from law schools such as Harvard Law and Yale Law and average 14 years of legal experience, including work with or on behalf of companies like Google, Menlo Ventures, and Airbnb.

Learn more Ok. Each party represents, warrants and covenants that such party executes and delivers this Agreement of its own free will and with no threat, undue influence, menace, coercion or duress, whether economic or physical. The Counterparty further acknowledges that the rights and interests of the Debtor to receive proceeds under the Assigned Agreements, as applicable , together with any security interests securing the payment thereof, have been pledged to the Administrative Agent as collateral for the Indebtedness as defined in the Credit Agreement under the Credit Agreement, for the benefit of the Lenders. Each Credit Support Party hereby confirms that each Credit Support Document to which it is a party or otherwise bound and all Collateral encumbered thereby will continue to guaranty or secure, as the case may be, the payment and performance of all obligations guaranteed or secured thereby, as the case may be. Furthermore, state laws may require different or additional provisions to ensure the desired result.

Categories:

• Essay Website
• Custom Essays
• Online Essays
• Essay Experts
• Essay Online