Sometimes, we come across agreements which are silent about the assignment rights or termination rights of either of the parties. How shall we interpret provisions like that?
The general rule is that under any agreement, the parties agree to the terms and conditions provided thereunder. If they want a right like an assignment right they would have included the same under the agreement. So, if it is not there shall the presumption be that the rights are not there for the parties? Or is it a mere mistake by the advocate drafting it? Please clarify.