Question

When parties to a contract include in the contract itself a specific provision forbidding assignment, such a contract is called a:________

Answer 1

If the parties to the contract itself contain specific clauses prohibiting assignment, such a contract is called a non-transferable contract.

An assignment clause is a legally binding contract clause that gives one party the ability to transfer ownership or transfer its contractual obligations or rights to another party. In other words, an assignment clause allows a contract to be assigned to another party.

1. Signing a transfer deed is his one way the taxpayer can transfer the refund to a third party. Unlike a simple nomination, a deed of assignment cannot be revoked unless both parties agree. As such, tax refund companies are used to ensure that refunds are sent first so that fees can be collected.

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