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Nature And Contractual Obligation, Types Of Contracts, Which Law Governs, Elements Of A ContractAssignments

Agreements between two entities, creating an enforceable obligation to do, or to refrain from doing, a particular thing.


An assignment of a contract is the transfer to another person of the rights of performance under it. Contracts were not assignable at early common law, but today most contracts are assignable unless the nature of the contract or its provisions demonstrates that the parties intend to make it personal to them and therefore incapable of assignment to others.


Collins, Hugh. 1999. Regulating Contracts. New York: Oxford Univ. Press.

DiMatteo, Larry A. 1998. Contract Theory: The Evolution of Contractual Intent. East Lansing: Michigan State Univ. Press.

Hare, J. I. Clark. 2003. The Law of Contracts. Clark, N.J.: Lawbook Exchange.

Marsh, P.D.V. 2001. Contract Negotiation Handbook. Burlington, Vt: Gower.

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