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An assignment without consideration is valid when: there has been a delivery; the assignment is in writing; or. the assignment is by way of gift.
An assignment must be clear and unequivocal; There must be clear evidence of the intent to transfer rights; An assignment must describe the subject matter of the assignment; Notice to the obligor.
When a Contract Lacks Consideration A contract may lack consideration if any of the following is true: The promise cannot legally (or practically) be offered. Offer is made for something that already has been done ("past consideration") and therefore cannot be bargained for.
An assignment must be clear and unequivocal; There must be clear evidence of the intent to transfer rights; An assignment must describe the subject matter of the assignment; Notice to the obligor.
Promissory Estoppel as a Substitute for Consideration.