Legal Question in Real Estate Law in New Jersey

It depends on what laws you mean; lots has changed since 2006. As for the assignability of contracts, the well-established general rule is that a contract is assignable unless it says otherwise. So, we look first to the terms of the contract itself. No prohibition usually means that it can be assigned. There are exceptions. For example, a contract for personal services is not assignable by default. If you hired Adele to sing at your daughter's wedding, you wouldn't want to get her cousin instead. There are also statutes and case law that affect the assignability of contracts. For example, a 2010 New Jersey statute voids contract provisions that would make assignment of payments in health insurance contracts unassignable. So, you need to be specific about your question.

See also: http://info.corbettlaw.net/lawguru.htm