CH16: Assignment of Contracts and Third-Party Beneficiaries

Introduction

• Contracting parties usually perform their obligations

• Sometimes a party wishes to assign to another party

• If everyone agrees, there is no problem

• Right to assign varies

Assignment of Contract Rights

• if contract in writing, assignment gotta be in writing

• if contract is silent, most rights are assignable

Novation

Rights of Third-Party Beneficiaries to Contracts