Non-Assignable Contract (Financial Services Agreement) | Practical Law

Non-Assignable Contract (Financial Services Agreement) | Practical Law

A Standard Clause reflecting the intention of the parties that the agreement is of a certain financial nature, allowing it to be terminated by the non-debtor counterparty and unassignable by the debtor in bankruptcy. This Standard Clause has integrated notes with important explanations and drafting tips.

Non-Assignable Contract (Financial Services Agreement)

Practical Law Standard Clauses 2-381-3684 (Approx. 5 pages)

Non-Assignable Contract (Financial Services Agreement)

by Practical Law Bankruptcy & Restructuring and Practical Law Finance
MaintainedUSA (National/Federal)
A Standard Clause reflecting the intention of the parties that the agreement is of a certain financial nature, allowing it to be terminated by the non-debtor counterparty and unassignable by the debtor in bankruptcy. This Standard Clause has integrated notes with important explanations and drafting tips.