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Assignment of a benefit of a contract

Assignment of a benefit of a contract

Kalina Rose, 2012

Available Formats

Format ISBN Price
Precedent 0000687448 $78.00

This is a precedent deed assigning one contracting party's contractual rights to a third party (although the original contracting party remains bound by its obligations under the contract).
Format: Word document delivered by email within 24 hours
Page length: 2
 

Description

This precedent document is a deed of assignment of a benefit of a contract. One party to a contract assigns its rights under that contract to a third party, without affecting the first-mentioned party's obligations under the contract. That is, the first-mentioned party remains bound under the contract, but it has assigned its rights under the contract to a third party.

The precedent deed includes clauses relating to:
• assignment of the contract to the third party
• relevant covenants and indemnities

The precedent includes author's notes that address the relevant background information, legislation, caselaw and other considerations for drafters.

Sample document
To preview the precedent deed of assignment of a benefit of a contract click here.

This precedent is also available via subscription to the Australian Encyclopaedia of Forms and Precedents.

Related documents
• Novation of contract
• Assignment of an interest in a trust
• Assignment of a debt
• Assignment of an interest in a professional partnership

Author

Kalina Rose is a commodities and derivatives lawyer working on Macquarie Bank's Fixed Income, Currencies and Commodities (FICC) trading floor in London. Prior to moving to the UK, she was a barrister at the Sydney Commercial Bar.

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