Select your state

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 Georgia, the assignment of a contract is generally permissible unless the contract includes a clause that explicitly prohibits it. 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 assignment must not significantly change the duties of the other party, increase the burden on them, or impair their chance of obtaining performance. If the contract requires the personal skills or services of the assignor, or if the assignment is prohibited by statute or public policy, it cannot be assigned. When a contract is assigned, the assignee typically takes on the rights and obligations of the assignor, but the assignor may still be liable if the assignee fails to perform unless there is a novation - an agreement to substitute the assignee for the assignor, releasing the original party from obligations. It's important to review the specific terms of the contract and consult with an attorney to understand the implications of an assignment in Georgia.

Legal Articles

State Statutes

As a LegalFix Member You Will Be an Important Client of Local Law Firms

For about 82¢ a day you can have a LegalFix Legal Plan that includes initial consultations with an attorney at no additional charge—and additional legal services at reduced rates—all from top law firms in your state. Don't wait—be prepared for life's inevitable legal challenges, starting today.

And ask your employer, credit union, or membership group to offer LegalFix for even better pricing.

Contracts

assignment

As a LegalFix Member You Will Be an Important Client of Local Law Firms

Articles

Georgia State Code

Georgia State Code

Contracts

assignment

Articles