Under which conditions can an assignment of rights happen in a contract?

An assignment of rights in a contract can generally occur unless the contract specifically restricts or prohibits such assignments. This principle is rooted in the idea that parties to a contract often maintain the freedom to assign their rights unless they have mutually agreed otherwise.

Contracts may contain clauses that expressly limit the ability to assign rights, and in those cases, adhering to the contractual language is crucial. If there are no such restrictions, the party has the right to assign their rights to another individual or entity, allowing for flexibility in how contractual benefits are managed or transferred.

In contrast to the other options, the requirement for written agreement between parties (as suggested in one of the choices) is not a blanket rule in contract law, as assignments are commonly permissible without it unless explicitly stated otherwise. Additionally, the assertion that an assignment is only valid if a party is bankrupt or solely for monetary benefits is overly restrictive and does not accurately reflect the broader legal context surrounding assignments.