Month: August 2022

When it comes to intellectual property, rights of ownership and usage can be a tricky subject. That`s where transfer of rights agreements come in. These legal documents are used when one party wishes to transfer their ownership rights to another party. The transfer of rights agreement begins with a clear statement of the rights… Continue reading Meaning of Transfer of Rights Agreement

Lease Agreement Holding Over: Understanding the Consequences When you rent a property, you and your landlord sign a lease agreement that outlines the terms and conditions of your tenancy. The lease agreement will usually specify the duration of your tenancy, and what happens when your lease expires. However, if you continue to occupy the… Continue reading Lease Agreement Holding over

A contract of novation is a legal document that changes one party’s obligations to another party. It is defined as the substitution of a new obligation for an existing one, thus replacing the original obligation. Novation requires the agreement of all parties involved, including the creditor, debtor, and the new party taking on the… Continue reading Contract of Novation Sample