Understanding Assignment, Nomination and Settlement Structures
A high-level introduction to transaction terminology—not a guide to drafting or signing a contract.
Clarify who is involved
Some transactions involve a change in the party acquiring an interest or assuming obligations. Assignment, nomination and novation are distinct concepts, and their effect depends on the documentation and applicable requirements.
Review the actual documents
Do not assume that a label establishes permission, releases an original party or transfers every obligation. The relevant solicitor or conveyancer should explain the proposed structure, required consents and completion responsibilities.
Obtain transaction-specific advice
Legal, duty and tax consequences can depend on the property, jurisdiction and circumstances. This article provides no legal, taxation or financial advice. Obtain professional review before relying on or agreeing to any structure.