| The assignability and revocability of contractual licenses normally depend on the terms of the contract. |
| On balance, the Study Committee prefers a policy favouring the assignability of accounts and chattel paper and the granting of security interests therein. |
| This is subject to the preservation of statutory limitations on assignability and the special declaratory power with respect to anti-assignment clauses mentioned in the comment on the definition of declaration above. |
| They also refer to national laws, for example, imposing restrictions on the assignability of royalties payable to owners-licensors. |
| Negotiability applies only to this branch of the law, while assignability applies to ordinary cases of contract law. |
| Moreover, the Company knows of no shareholder agreement relating to the Group's assets and liable to reduce the usage or assignability thereof. |
