The assignee takes only those rights that the assignor originally had. In general, an assignment can take any form, oral or written. Assignments covered by the Statute of Frauds must be in writing to be enforceable. Rights under a contract that is personal in nature, unless all that remains is a money payment. Rights which, if assigned, will materially increase or alter the risk or duties of the obligor.
Contract prohibits assignment of rights.
Assignments of right to receive money. Assignments of rights in real estate often cannot be prohibited. Assignments of negotiable instruments . Assignment of right to receive damages for breach of sales contract or for payment of an account owed under a sales contract. Once a valid assignment of rights has been made, the assignee should notify the obligor of the assignment.