May Assign Agreement

The rights and obligations of some individuals cannot be attributed because it is not possible to transfer specific skills and skills. This is called a specific performance. For example, Billy Joel would not be able to award one contract or another – he would not have his particular skills. A transfer[1] is a legal term used in the context of contractual law and property rights. In both cases, attribution is the process by which a person who transfers rights or benefits to the Enzessionar to another, the agent. [2] An assignment shall not transfer obligation, burden or inconvenience without the express consent of the assignee. The law or the benefit assigned can be a gift (for example. B a waiver) or it can be paid with contractual consideration such as money. When it comes to equity, these principles protect both the assignee and the agent. In Norman against the Federal Tax Commissioner,[3] a taxpayer attempted to attribute certain funds to his wife, by fact, which he was ultimately to receive. These include dividends and interest due on loans. The court held the interest and the dividends were expectations or opportunities that could not be awarded without consideration. The Tribunal was concerned that unrequited contracts would be used as instruments of fraud to avoid creditors and tax collections.

The responsibility of the assignee depends on the contract concluded at the time of the assignment. As a general rule, however, the agent has a discount obligation with an owner. With the limitation of the estate comes the obligation of the agent to fulfill certain obligations of the federal government, e.g.B. to pay the rent. Similarly, the owner retains the obligation to enter into alliances for the maintenance or repair of the country. The fuller version also requires a reallocation in the event of a transfer of the related company and has an additional provision: the real estate rights can be transferred like any other contractual right. However, specific obligations and commitments are linked to the transfer of ownership rights. In the event of a transfer, the transferee transfers the remainder of the interest to the agent.

The assignee may not retain any right to transfer interests into the property right.