General Terms and Conditions, frequently referred to as “Boilerplate,” defines how the Client and Consultant will relate to each other in a business relationship without regard to a specific project.  The following is a critical “Boilerplate” item that if not clearly and equitably stated will likely result in misunderstandings and confrontational situations:

Successors and Assigns – This contract clause is about how parties to a contract may or may not share their interest in the contract with a third party. It is normally stated as a negative that prohibits one or both parties from assigning their interests in the contract to a third party without written permission from the other party.  It is important that both, not only one party, be so constrained.