Assignment: Difference between revisions

Assignment (view source)

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 '''Obligations''': One ''cannot'' unilaterally [[assign]] one’s obligations to anyone without one’s [[counterparty]]’s consent. This stands to reason, since another chap might not be as skillful, creditworthy or personally attractive as you. Therefore your [[counterparty]] must consent, and if {{sex|she}} does, it is called a “[[novation]]”.
-'''Does a right of assignment compromise a [[Close-out netting|netting]] contract?''' If I have a contract predicated on my being able to [[net]] or [[set off]] transaction amounts I owe you against amounts you owe me, couldn’t your right to assign your rights against me to a third person prejudice the rights under my contract?  In short, no.
+{{assignment and set off}}
 '''What about [[subrogation]] rights under a [[guarantee]]?'''