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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 Wisconsin, the assignment of a contract is generally permissible unless the contract includes a clause that explicitly prohibits or restricts assignment. The right to assign a contract is a legal principle that allows an assignor to transfer their rights and obligations under the contract to an assignee. However, the assignee must be capable of performing the contractual obligations, and the assignment must not significantly change the duties of the other party or increase their burden. If the contract requires the other party's consent for assignment, the assignor must obtain that consent before the assignment can be valid. Additionally, certain types of contracts, such as personal service contracts or contracts with a highly personal nature, may not be assignable. It is important to review the specific terms of the contract and consult with an attorney to understand the implications and legality of an assignment under Wisconsin law.

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Contracts

assignment

Individual & Family Legal Plan

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Wisconsin State Code

Wisconsin State Code

Contracts

assignment

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