Advisory Concepts Evolvers’ Post

Day 9: 𝘏𝘢𝘷𝘦 𝘺𝘰𝘶 𝘦𝘷𝘦𝘳 𝘸𝘰𝘯𝘥𝘦𝘳𝘦𝘥 𝘸𝘩𝘦𝘵𝘩𝘦𝘳 𝘢 𝘱𝘢𝘳𝘵𝘺 𝘤𝘢𝘯 𝘧𝘳𝘦𝘦𝘭𝘺 𝘢𝘴𝘴𝘪𝘨𝘯 𝘪𝘵𝘴 𝘳𝘪𝘨𝘩𝘵𝘴 𝘰𝘳 𝘰𝘣𝘭𝘪𝘨𝘢𝘵𝘪𝘰𝘯𝘴 𝘶𝘯𝘥𝘦𝘳 𝘢 𝘤𝘰𝘯𝘵𝘳𝘢𝘤𝘵, 𝘰𝘳 𝘪𝘴 𝘢𝘱𝘱𝘳𝘰𝘷𝘢𝘭 𝘳𝘦𝘲𝘶𝘪𝘳𝘦𝘥? 🤔 That’s where the 𝗔𝗦𝗦𝗜𝗚𝗡𝗠𝗘𝗡𝗧 clause comes in. An assignment clause determines whether a party to the contract can transfer its rights, duties, or obligations to another party. This clause ensures clarity by outlining whether such transfers are permissible and protects the parties from unauthorized assignments. 𝗘𝘅𝗮𝗺𝗽𝗹𝗲: Imagine Party A (the lessor) enters into a lease agreement with Party B (the original lessee), who provides working office spaces to freelancers. With the help of the assignment clause in the lease agreement, Party B may assign or sub-lease the premises to Party C (the sub-lessee), provided that certain conditions, such as approval from the lessor and agreement by the sub-lessee, are met as outlined in the clause. 𝗦𝗸𝗲𝗹𝗲𝘁𝗼𝗻 𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲: - 𝗔𝘀𝘀𝗶𝗴𝗻𝗺𝗲𝗻𝘁 𝗽𝗲𝗿𝗺𝗶𝘀𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝘆: The clause should specify whether the rights and obligations under the contract are assignable (especially important in commercial agreements). To be on the safe side, one may state that assignment is not allowed unless both parties consent). - 𝗖𝗼𝗻𝗱𝗶𝘁𝗶𝗼𝗻𝘀 𝗳𝗼𝗿 𝗮𝘀𝘀𝗶𝗴𝗻𝗺𝗲𝗻𝘁: If assignment is allowed, the clause should further outline the necessary conditions required for such assignment (written consent of the parties or/and requiring the assignee to enter into a deed of adherence). 𝗦𝗮𝗺𝗽𝗹𝗲 𝗰𝗹𝗮𝘂𝘀𝗲 𝗼𝗳 𝗮𝗻 𝗮𝘀𝘀𝗶𝗴𝗻𝗺𝗲𝗻𝘁 𝗰𝗹𝗮𝘂𝘀𝗲: “1. 𝘕𝘦𝘪𝘵𝘩𝘦𝘳 𝘗𝘢𝘳𝘵𝘺 𝘮𝘢𝘺 𝘢𝘴𝘴𝘪𝘨𝘯, 𝘵𝘳𝘢𝘯𝘴𝘧𝘦𝘳, 𝘰𝘳 𝘥𝘦𝘭𝘦𝘨𝘢𝘵𝘦 𝘢𝘯𝘺 𝘰𝘧 𝘪𝘵𝘴 𝘳𝘪𝘨𝘩𝘵𝘴, 𝘥𝘶𝘵𝘪𝘦𝘴, 𝘰𝘳 𝘰𝘣𝘭𝘪𝘨𝘢𝘵𝘪𝘰𝘯𝘴 𝘶𝘯𝘥𝘦𝘳 𝘵𝘩𝘪𝘴 𝘈𝘨𝘳𝘦𝘦𝘮𝘦𝘯𝘵 𝘵𝘰 𝘢𝘯𝘺 𝘵𝘩𝘪𝘳𝘥 𝘱𝘢𝘳𝘵𝘺 𝘸𝘪𝘵𝘩𝘰𝘶𝘵 𝘵𝘩𝘦 𝘱𝘳𝘪𝘰𝘳 𝘸𝘳𝘪𝘵𝘵𝘦𝘯 𝘤𝘰𝘯𝘴𝘦𝘯𝘵 𝘰𝘧 𝘵𝘩𝘦 𝘰𝘵𝘩𝘦𝘳 𝘗𝘢𝘳𝘵𝘺. 2. 𝘐𝘯 𝘵𝘩𝘦 𝘦𝘷𝘦𝘯𝘵 𝘵𝘩𝘢𝘵 𝘴𝘶𝘤𝘩 𝘢𝘴𝘴𝘪𝘨𝘯𝘮𝘦𝘯𝘵 𝘪𝘴 𝘱𝘦𝘳𝘮𝘪𝘵𝘵𝘦𝘥, 𝘵𝘩𝘦 𝘢𝘴𝘴𝘪𝘨𝘯𝘰𝘳 𝘴𝘩𝘢𝘭𝘭 𝘦𝘯𝘴𝘶𝘳𝘦 𝘵𝘩𝘢𝘵 𝘵𝘩𝘦 𝘢𝘴𝘴𝘪𝘨𝘯𝘦𝘦 𝘦𝘹𝘦𝘤𝘶𝘵𝘦𝘴 𝘢 𝘋𝘦𝘦𝘥 𝘰𝘧 𝘈𝘥𝘩𝘦𝘳𝘦𝘯𝘤𝘦 𝘴𝘦𝘵 𝘧𝘰𝘳𝘵𝘩 𝘪𝘯 𝘚𝘤𝘩𝘦𝘥𝘶𝘭𝘦 𝘈 𝘢𝘵𝘵𝘢𝘤𝘩𝘦𝘥 𝘵𝘰 𝘵𝘩𝘪𝘴 𝘈𝘨𝘳𝘦𝘦𝘮𝘦𝘯𝘵, 𝘢𝘯𝘥 𝘴𝘪𝘨𝘯𝘪𝘧𝘪𝘦𝘴 𝘪𝘵𝘴 𝘤𝘰𝘯𝘴𝘦𝘯𝘵 𝘵𝘰 𝘣𝘦 𝘣𝘰𝘶𝘯𝘥 𝘣𝘺 𝘵𝘩𝘦 𝘵𝘦𝘳𝘮𝘴 𝘢𝘯𝘥 𝘤𝘰𝘯𝘥𝘪𝘵𝘪𝘰𝘯𝘴 𝘰𝘧 𝘵𝘩𝘪𝘴 𝘈𝘨𝘳𝘦𝘦𝘮𝘦𝘯𝘵.” Continued in comments.

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99% of law firms neglect the most important thing when it comes to attracting new clients. That is: A strong online presence. And your website is the cornerstone of this. That's why in our latest newsletter, we share everything you need to know about website design. Check the comments for the link. + let me know your thoughts!

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