The following Commercial precedent provides comprehensive and up to date legal information covering:
[On headed notepaper of the assignor]
To: [Insert name and address of Assignee]
Dear [insert name of Assignee]
Assignment of contract
We refer to the agreement between [insert name of other party to the contract being assigned] and [insert name of Assignor] (Assignor) relating to [insert specific purpose of agreement][, as amended from time to time,] dated [insert date] (Contract), a copy of which is annexed to this Letter and initialled by the parties to this Letter. [As part of an internal reorganisation of our group of companies OR As a result of [insert the business background to the proposed assignment]], the Assignor proposes to assign its rights under the Contract to [insert the name of Assignee] a company incorporated in [England and Wales] under number [insert registered number] whose registered office is at [insert address] (Ass
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Tipping off and prejudicing an investigationIt would undermine the benefit to the authorities if, a suspicious activity report (SAR) having been made, the alleged offender were to be made aware of the interest in their activities so that they could take steps to cover up their misdeeds or disappear.
BREXIT: As of exit day (31 January 2020), the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an implementation period, during which it continues to be subject to EU law. This has an impact on this Practice Note. For further guidance on
This Practice Note covers the legal framework and regulatory guidance to be considered in determining whether an arrangement constitutes a contract of insurance and the possible consequences of carrying on activities relating to a contract of insurance without the requisite regulatory permissionsThe
This Practice Note examines:•why negative pledge clauses are used in commercial transactions •the consequences of breaching negative pledge provisions•how negative pledges are viewed in the context of security and quasi-security, and•key considerations when drafting a negative pledge clauseWhere
0330 161 1234
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