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Contracts

assignment

The assignment of a contract occurs when one party to the contract (the assignor) transfers its rights and responsibilities under the contract to another person or entity (the assignee)—usually someone who was not a party to the original contract.

Contracts often include a paragraph or clause near the end of the agreement that addresses whether the parties may assign the contract.

In Maine, the assignment of a contract is generally permissible unless the contract itself prohibits it or if the assignment would significantly change the obligations of the other party. Contracts in Maine often contain an 'assignment clause' which outlines the conditions under which the contract may be assigned. If such a clause is present and it expressly prohibits assignment, then parties to the contract cannot assign their rights and responsibilities without the consent of the other party. If the contract is silent on assignment, it is typically assumed that assignment is allowed, provided that it does not materially alter the expectations or obligations of the non-assigning party. It is important to review the specific terms of the contract and consult with an attorney to understand the implications of an assignment in Maine.

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Contracts

assignment

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Maine State Code

Maine State Code

Contracts

assignment

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