Contract terminating and assigning (pack)
Compatible region(s):
Northern Ireland
England
Wales
This pack contains all the documents you may need when terminating or assigning a contract including Buyer's notice to end a contract, Letter giving notice of termination of contract, Notice of assignment of the benefit of a contract, Assignment of the benefit of a contract.
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Buyer's notice to end a contract
(Guidance Notes)
If you need to terminate a contract you have made with a seller of goods because the seller has breached any term which is fundamental (or in Scotland 'material') to the contract, you can use this document to send notice to the seller that you are ending the contract. The breach must be so serious as to affect the very nature and performance of the contract itself. The document will allow you to seek compensation for your losses.
Letter giving notice of termination of contract
(Guidance Notes)
Some contracts will contain an express clause allowing a party to bring the contract to an end by giving written notice. Normally the contract will continue to run for a limited period after the notice is given, e.g. if the contract says 'terminable on 14 days' written notice', then a notice of termination given on 3 February will bring the contract to an end on 17 February. This document enables you to draft such a letter. Note: This document is inappropriate for use in employment contract situations.
Assignment of the benefit of a contract
(Guidance Notes)
Use this document to assign the benefit (i.e. to transfer the benefit) of the rights you have under a contract. Most rights are capable of being assigned - for example, rights to benefits under insurance policies, rights to repayment of a loan, rights to purchase property and so on. However, it is important to note that you cannot assign any rights under a contract if the contract expressly prohibits that.
Notice of assignment/assignation of the benefit of a contract
(Guidance Notes)
Use this document to create the notice required when a contract has been assigned. You must give notice to the other contracting party of the assignment. Without this notice, they are under no obligation to pay you (the person to whom the contract is assigned) and could continue to pay the person whom they first signed the contract with. You would not be able to claim any of the money.