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...
Assignment Consultant’s appointment 1 The Consultant shall not assign the benefit of and/or any rights under this Agreement to any person without the prior written...
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...
Date [insert date] 20[insert year] Parties 1 [insert name of Consultant] (Company Number [insert company number]), whose registered office is at [insert address] (the...
Date [insert date] 20[insert year] Parties 1 [insert name of Consultant] (Company Number [insert company number]), whose registered office is at [insert address] (the...
Date Parties 1 [insert name] (Company Registration No. [insert number]) whose registered office is at [insert address] (the "Assignor") 2 [insert name] (Company...
Produced in partnership with Mills & Reeve LLP This Deed of novation is made on the [insert day] day of [insert month] 20[insert year] Parties 1 [insert name of company]...
Produced in partnership with Mills & Reeve LLP This Deed of novation is made on the [insert day] day of [insert month] 20[year] Parties 1 [insert name of Employer]...
Produced in partnership with Mills & Reeve LLP This Deed of novation is made the on [insert day] day of [insert month] 20[year] Parties 1 [insert name of Outgoing Party]...
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...
To: [insert company name] Address: [insert address for the service of notices] Dear [insert name of party/organisation being notified of the assignment], [insert details...
1 On the date hereof the Employer, the Contractor and each of the Consultants shall enter into novation agreements in the form set out in [Appendix number] whereby the...
1 The Consultant shall upon the Employer's written request: 1.1 Execute a novation agreement in the form set out in Schedule [insert] and deliver the same duly executed...
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...