Common use of Contracts capable of assignment Clause in Contracts

Contracts capable of assignment. 3.1 In the case of a contract capable of assignment, the Sellers are to assign the benefit of the contract (or a part thereof) to the Buyers. 3.2 The Sellers will give notice of the assigning of the contract (or part thereof) to the supplier of the services. 3.3 The Buyers are to undertake with the Sellers to: (a) assume the obligations of the Sellers under the contract insofar as they relate to the Property from Actual Completion; and (b) indemnify the Sellers against breach of obligation to the supplier under the contract arising after the Date of Actual Completion.