| Privity of Contract | Assignment of Contract |
|---|---|
|
Someone who is not involved in the contract
What is a third party?
|
Assignment of contract
What is it called when rights and obligations are transferred from one contract to another?
|
|
Creates rights and obligations for only parties involved
What does privity of contract do?
|
The Assignor
Who is the person who transfers contractual obligations to someone else?
|
|
Only parties privy to the contract
Who can sue when the contract is breached
|
The Assignee
What is the person called who received the contractual obligations?
|
|
British Law
Where did the idea of privity of contract come from?
|
Yes
Can debt be assigned?
|
|
The Trustee
If you are given property or money to look after, what are you?
|
No, the new team will assume the existing contract
When a player is traded from one team to another, is a new contract made?
|
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