Understanding Contract Law Assignment

Assignment in contract law is a process that involves the transfer of an interest or benefit from one person to another.

Contract law assignment:

You must know this before writing a contract law assignment that only the benefits of a contract can be an assignment not the obligations in the context of a building contract. Here are the significant features of a contract law assignment that you can include in your coursework:

case study assignment sample

  • The employer may assign his/her right to have the building constructed and also have the right to sue the contractor in case the work turns out to be defective, but the contractor has no obligation to pay for the work.
  • The contractor may assign his/her right to make the employer pay for the contract sum – but not his/her obligation to construct the work according to the building contract, or its obligation to fulfill any claim for defects.
  • After the assignment becomes valid, the assignee is entitled to the benefit of the contract. The assignor still owes obligations to the other contracting party and will remain liable to perform any part that is mentioned in the contract.
  • In reality, what happens is that the assignee takes over the performance of the contract and the effect from the assignment whereas the assignor will be held against any breach of failure to perform any part of the contract assigned by the assignee.
  • The funder may require the developer to assign contractual rights against the contractor and recruit a team as security to the funder as well as performance bonds and parent company guarantees. The developer is also eligible to assign such rights to the purchaser either during or after the contract is complete in terms of construction phase.

This is the basic knowledge of contract law assignment. If you are a law student, you also need to write contract law assignment papers. To get a proficient idea, you can check online case study assignment sample.

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