Wyoming Consent to Assignment

State:
Multi-State
Control #:
US-OG-486
Format:
Word; 
Rich Text
Instant download

Description

This provision provides that the assignee agrees not to assign, either in whole or in part, the interests in leases and lands acquired in the assignment, or in the oil or gas to be produced for the leases and lands without the written consent of assignor.

How to fill out Consent To Assignment?

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FAQ

Consent to assignment refers to allowing a party of a contract to assign a contract and move the obligations to another party. The party of the existing contract, known as the assignor, will pass on the contract to another party, known as the assignee. Consent to Assignment: Everything You Need to Know - UpCounsel upcounsel.com ? consent-to-assignment upcounsel.com ? consent-to-assignment

Notwithstanding any other provision of this Agreement, each party hereto hereby consents to the assignment, grant, pledge, conveyance and transfer by the other party hereto, for the benefit of any lender, agent or other secured party under any financing arrangement to which the Partnership is a party, of a lien, ... Examples of consent to assignment clauses in contracts - Afterpattern afterpattern.com ? clauses ? consent-to-assignment afterpattern.com ? clauses ? consent-to-assignment

The transfer of a right from one party to another. For example, a party to a contract (the assignor) may, as a general rule and subject to the express terms of a contract, assign its rights under the contract to a third party (the assignee) without the consent of the party against whom those rights are held.

Assignment can be done by way of a simple agreement and, in principle, carried out without the knowledge or consent of the other contracting party. After the assignment, the assignee is entitled to enjoy the benefits of the contract and, if necessary, enforce its rights under the contract against the other party.

Notwithstanding any other provision of this Agreement, each party hereto hereby consents to the assignment, grant, pledge, conveyance and transfer by the other party hereto, for the benefit of any lender, agent or other secured party under any financing arrangement to which the Partnership is a party, of a lien, ...

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.

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Wyoming Consent to Assignment