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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 Florida, 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. Florida law recognizes the right to assign a contract and the assignee can typically enforce the contract against the other original party. However, the assignor is not necessarily released from liability unless the contract explicitly states so or the other original party agrees to release them. It is common for contracts to contain an assignment clause that outlines the conditions under which an assignment may or may not take place. If such a clause is present, it must be adhered to, and any assignment made in violation of the clause may be considered invalid. It's important to review the specific terms of the contract and consult with an attorney to understand the implications of an assignment in Florida.

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Contracts

assignment

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Contracts

assignment

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