The complete boilerplate block
A single format from the The Boilerplate, Clause by Clause pack. paste at the end of any commercial agreement and delete what does not apply.
- 4 pages
- 28
- Word and PDF
- 14 September 2026
What it covers
- 1The complete boilerplate blockpaste at the end of any commercial agreement and delete what does not apply
Read the opening
The first part of the format, as it downloads. Blanks are highlighted.
21. GENERAL
21.1 Assignment. Neither Party may assign, transfer, charge, declare a trust over or otherwise deal with any of its rights, or transfer any of its obligations, under this Agreement without the prior written consent of the other, such consent not to be unreasonably withheld or delayed. A Party may, on written notice to the other and without consent: (a) assign the benefit of this Agreement to an Affiliate, provided that it remains liable for the performance of its obligations and that the assignment is reversed before the assignee ceases to be an Affiliate; (b) charge or assign by way of security the benefit of this Agreement to a bank or financial institution providing it with facilities; and (c) assign the benefit of this Agreement to a person acquiring the whole or substantially the whole of the business or undertaking to which this Agreement relates, provided that the assignee is not a competitor of the other Party named in Part [Part number: competitors list] of Schedule [Schedule number: competitors list] and is of no lesser financial standing. A transfer of obligations takes effect only by a novation executed by all three parties. See L.7.
21.2 Change of control. Each Party shall notify the other in writing within 10 Business Days of any Change of Control affecting it. Clause [17.4] applies.