Common Contracts
1 similar null contracts
Cite as 275 Neb. 189May 5th, 2020
The language of the Assignment Agreement is clear and unambiguous. Omaha College’s rights and obligations under the 1999 lease were terminated as of October 5, 2001, the date the Assignment Agreement was executed. The Assignment Agreement does not provide that Vatterott is liable for any obligations arising prior to the date of assignment. Absent a provision obligating Vatterott for liabilities arising prior to the time Vatterott obtained its leasehold interest in the property, the lack of privity of estate in this case compels our conclusion that Vatterott is not liable for Omaha College’s failure to fulfill Omaha College’s obligations under the 1999 lease.
