An assignment clause regulates the extent to which a party’s interest in a contract may be assigned to another party; anti-assignment clauses are common because without them, generally, contracts are freely assignable.
Read Article arrow_forwardThe term clause is a contractual provision that defines the period when the contract begins and how long it will last.
A notice clause is a contractual provision that stipulates how and to whom notice must be given under a contract for it to be legally binding.
An indemnification clause is a provision in a contract that establishes when and to what extent one party will assume liability for the losses of another.
An automatic renewal clause is a contractual provision that automatically extends the term for a specified period of time.