Iowa Assignment of Contracts Relating to Sale of A Gas Plant

State:
Multi-State
Control #:
US-OG-475
Format:
Word; 
Rich Text
Instant download

Description

The Assignment of Contracts (Relating to Sale of A Gas Plant) form, is pursuant to the terms of a purchase of the sale agreement between assignor and assignee that the assignor has and/or will, deliver the agreement to be delivered to the assignee.
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FAQ

Matthew D. Wilber is the Pottawattamie County Attorney.

An assignment of contract is a legal clause that allows for one party of a contract to transfer the rights, obligations, and responsibilities of that contract to another party. The party who is giving away the responsibility of the contract is the assignor and the party receiving is the assignee.

The County Attorney does: Prosecute all violations of state criminal laws and county ordinances. Provide legal advice to the Board of Supervisors and county and township officers concerning county matters. Represent and defend the state, county, and its officers in officially related cases.

Types of assignable contracts This can be called the assignment of contractual obligations. However, there is an essential difference between both. In the assignment, the rights and obligations are transferred from one party to another. But in novation, instead of a transfer, one party substitutes another.

Generally speaking, contracts can be freely assigned to third parties. Non-assignment provisions are designed so that contracts cannot be as freely assigned to third parties; or at least, not without first obtaining the contracting counterparty's consent.

331.754 Absence or disqualification of county attorney and assistants.

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Iowa Assignment of Contracts Relating to Sale of A Gas Plant