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  2. Assignment (law) - Wikipedia

    en.wikipedia.org/wiki/Assignment_(law)

    An assignment does not necessarily have to be made in writing; however, the assignment agreement must show an intent to transfer rights. The effect of a valid assignment is to extinguish privity (in other words, contractual relationship, including right to sue) between the assignor and the third-party obligor and create privity between the obligor and the assignee.

  3. Boilerplate clause - Wikipedia

    en.wikipedia.org/wiki/Boilerplate_clause

    An assignment clause either expressly prohibits or permits transfers of rights or obligations under the contract to a third party to the contract. An example: Neither this Agreement nor any of the rights, interests or obligations under the Agreement shall be assigned, in whole or in part, by operation of law or otherwise by either party without ...

  4. Standard form contract - Wikipedia

    en.wikipedia.org/wiki/Standard_form_contract

    A standard form contract (sometimes referred to as a contract of adhesion, a leonine contract, [a] a take-it-or-leave-it contract, or a boilerplate contract) is a contract between two parties, where the terms and conditions of the contract are set by one of the parties, and the other party has little or no ability to negotiate more favorable terms and is thus placed in a "take it or leave it ...

  5. United States contract law - Wikipedia

    en.wikipedia.org/wiki/United_States_contract_law

    The law of contracts varies from state to state; there is nationwide federal contract law in certain areas, such as contracts entered into pursuant to Federal Reclamation Law. The law governing transactions involving the sale of goods has become highly standardized nationwide through widespread adoption of the Uniform Commercial Code .

  6. Delegation (law) - Wikipedia

    en.wikipedia.org/wiki/Delegation_(law)

    A parallel concept to delegation is assignment, which occurs when one party transfers his present rights to receive the benefits accruing to the assignor under that contract. A delegation and an assignment can be accomplished at the same time, although the right to sue for nonpayment always stays with delegator.

  7. Mistake (contract law) - Wikipedia

    en.wikipedia.org/wiki/Mistake_(contract_law)

    Mistake of law is when a party enters into a contract without the knowledge of the law in the country. The contract is affected by such mistakes, but it is not void. The reason here is that ignorance of law is not an excuse. However, if a party is induced to enter into a contract by the mistake of law then such a contract is not valid. [3]

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