20 May 2025
Mastering Contract Transfers: A Guide to Assignments, Delegations, and Novations
Explore the intricacies of commercial contract assignments, including the conditions under which assignments are permitted, restricted, or prohibited. Understand the enforceability of anti-assignment clauses and the distinctions between assignment, delegation, and novation to effectively manage contract rights and obligations.
Related Content
- Offers, Acceptance, Revocation, Assignment, and Delegation of Duties
Navigate the complexities of commercial contracts with our practice note on offers, acceptance, revocation, assignment, and delegation of duties. This resource provides essential insights into creating binding agreements, understanding the nuances of contract language, and effectively managing assignments and delegations to ensure legal compliance and avoid disputes.
- Assignment and Assumption Agreement (Novation)
Effortlessly transfer agreements with our template assignment and assumption agreement, featuring a novation agreement to ensure smooth transitions between parties. This template includes guidance, drafting notes, and optional clauses to address the transfer of rights and delegation of duties, while ensuring compliance with anti-assignment clauses and legal concerns.
- General Commercial Contract Clause Resource Kit
Ensure your commercial contracts are clear and enforceable with our resource kit, offering guidance on drafting and interpreting standard and boilerplate clauses. Avoid costly litigation and disagreements by understanding the legal impact of these clauses and utilizing our detailed practice notes, templates, and checklists.
Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.
- New! Discover Practical Guidance Content and Resources
Read this update to see the newest additions to Practical Guidance. This guide is designed to help you find the tools and insights you need to work more efficiently and effectively. - Trump Transition Coverage in Practical Guidance
The Trump Transition Resource Kit is a consolidated listing of guidance related to new actions and orders, and the Presidential Executive Actions Tracker is a frequently updated listing and description of many of the recently implemented presidential orders and rescissions of previous administration orders. - New! Practical Guidance Journal, 2025 Second Edition features guidance for regulating AI in the workplace in 2025, Intellectual Property issues related to deepfakes, the emergence of AI in mergers and acquisitions, and a checklist to help when evaluating AI technology risks.
- Legal Developments provide the latest updates and analyses of emerging topics impacting your practice area. Visit the Legal Developments page to see the latest topics, which also include breaking legal news and related Practical Guidance content.
- Stay ahead in the evolving cannabis industry with our comprehensive Cannabis Key Legal Developments Tracker! Access up-to-date federal and state developments, including legislation, regulatory updates, and key litigation, all organized by jurisdiction for easy navigation.
- Document alerts allow you to stay current on legal developments that affect your practice. Find out how to set up your document alerts.
- For Practical Guidance content on important recent trends, review these easy-to-use Resource Kits on a variety of emerging topics:
- Listen Up! The Practical Guidance and Law360 Podcasts Resource Kit features interviews with industry-leading attorneys on cutting edge issues in the law: NFTs, Cannabis, COVID, and more.
- Browse the Practical Guidance Author Center to see the 2600+ leading attorney authors contributing to our 26 practice areas. Interested in becoming a Practical Guidance author? Click here for details. Practical Guidance is committed to amplifying diverse voices of attorneys across all differences, including gender and race.
PRACTICAL GUIDANCE CUSTOMER EMAIL EDITION ON THE WEB
Experience results today with practical guidance, legal research, and data-driven insights—all in one place.
Experience Lexis+