MODIFYING AND TERMINATING STRUCTURED SETTLEMENTS

There is a legal presumption that contractual clauses limiting or prohibiting assignments operate only to limit a party's right to assign the contract, but not its power to do so, unless the parties expressly manifest an intent to the contrary. The United States Court of Appeals for the Third Circuit, in Bel-Ray Co. v. Chemrite Ltd., 181 F.3d 435 (3d Cir. 1999), held that to restrict the ... ................
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