Banks and other funders frequently take an assignment of the benefit of the suite of construction documents in respect of a development as an additional part of a...
The ability to assign rights under construction contracts is an important aspect in the lifecycle of a building. This Practice Note provides an overview of what an...
This Practice Note focuses on the assignment of collateral warranties (see Practice Note: What are collateral warranties?). For more detailed guidance on assignment in...
This Practice Note looks at the standard form novation agreements published by the City of London Law Society (CLLS) and the Construction Industry Council (CIC). In...
What is an assignment An assignment is the transfer of a right or an interest vested in one party (the assignor) to another party (the assignee), for example, the...
What is novation? Novation is the transfer of one party’s rights and obligations under a contract to a third party. Novation effectively substitutes a contracting party...
An assignment is the transfer of a right or an interest vested in one party (assignor) to another party (assignee), eg the transfer of the employer’s rights under a...
A no loss defence often arises due to the nature of the contractual matrix on construction projects. For example, a contract may be novated, the employer may not own the...