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 Iowa, as in many other states, the assignment of a contract is generally permissible unless the contract itself prohibits it or the assignment would significantly change the obligations of the other party. The contract may include specific provisions that outline the conditions under which an assignment is allowed or prohibited. If a contract is silent on the issue of assignment, it is typically assumed that the contract rights can be assigned without the other party's consent. However, the assignment of duties under the contract usually requires the consent of the non-assigning party, unless the duties are considered routine and the performance by the assignee would be equivalent to that of the assignor. It's important to review the specific language of the contract and consult with an attorney to understand the implications of assigning a contract in Iowa.

Legal Articles

State Statutes

Individual & Family Legal Plan

As a LegalFix member, you'll get expert legal services from a local law firm that treats you like an important client. Don't wait—be prepared for life's inevitable legal challenges starting today. And ask your employer, credit union, or membership group about preferred pricing opportunities.

Contracts

assignment

Individual & Family Legal Plan

Articles

Iowa State Code

Iowa State Code

Contracts

assignment

Articles