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Sagnik (Management Trainee)     24 July 2012

Permitted assignment

Dear all,

Could any one tell me what is a PERMITTED ASSIGNMENT ????? And how is it different from ASSIGNMENT ??

Regards,

Sagnik Sanyal



Learning

 1 Replies

Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 )     24 July 2012

It is A boilerplate clause that allows both parties to a commercial contract to assign or otherwise transfer their rights under the contract, and also to subcontract or transfer their obligations under the contract.

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