Assignment and novation

Assignment and novation guidance:

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...

Practice Note

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...

Practice Note

This Practice Note focuses on the assignment of collateral warranties (see Practice Note: What are collateral warranties?). For more detailed guidance on assignment in...

Practice Note

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...

Practice Note

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...

Practice Note

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...

Practice Note

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...

Practice Note

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...

Practice Note