This agreement can be used to transfer a wide range of contracts. Commonly, it is used to assign a large number of customer contracts from the seller of a business to the buyer, either where novation is impractical, or where the original contracts allow assignment.
For example, a website hosting service provider sells its UK contracts, or a white goods retailer sells its maintenance contracts.
We also include a template letter to customers informing them of the assignment, so that you can ensure a successful future relationship with your new clients or customers.
The agreement can be used if one party is resident outside the UK.Read More