Anti-Assignment Clauses; Are LLC Operating Agreements Different From Other Contracts?
In a little noticed case reported on December 19, 2011, Condo v. Conners, the Colorado Supreme Court issued a decision on a common contract drafting problem – the effect of an anti-assignment clause. Historically, when contracting parties wanted to prohibit each other from assigning the contract, a lawyer would include language reading something like: “A party [...]