If you are the party who wishes to assign your rights, our attorneys can provide you accurate legal advice about what is permissible under your contract.
This will protect your individual and business rights.
Assignment of contracts, or certain rights or obligations under a contract, are often controlled by the language of the specific agreement to which parties have agreed.
In many cases, there are specific limitations regarding the assignment of contracts or a complete bar which forbids the assignment of any rights or obligations under an agreement.
Common limitations include, but are not limited to: If these limitations are not followed, and an assignment is made, it may be deemed invalid and unenforceable.
An assignment can radically change who is responsible for certain obligations under the contractual agreement.They enter into a contract for the work to begin in two weeks.There is no contract clause which prohibits assignment of the contract.Chuck is offered work during that same time period which pays more, so he assigns his obligations and right to payment to Fran, who also is in the painting business.Fran is now obligated to Nancy to complete the contract under the previously negotiated terms. If you or your business face a situation in which another party assigned its interest to another in violation of the contract, you have rights that can be enforced.Our attorneys can also draft agreements that fit your individual needs and desires regarding another party's right to assign contracts.If you have an issue that deals with the assignment of a contract, the attorneys at the Katz Law Group can help you enforce your rights and protect the interests of your business. We focus on preventative counseling, objective advice and guiding our clients toward strategies for mitigating risk while efficiently and effectively conducting business. My philosophy is ride the storm and assign as many real estate deals as possible.If you have sat through any get-rich-quick guru pitches, the majority of them will introduce contract assignment wholesaling, but without giving you all the steps involved.During this time, investors are normally busy trying to lock down as many properties as possible.In our market, Phoenix, we are seeing an influx of buyers looking for deals.