👉 A transferrable is a type of contract that allows one party to transfer their rights or obligations from one person to another without the other party's consent. This means that if one party has transferred their rights, they can then sell, lease, or otherwise dispose of them at any time, without incurring any costs or penalties for doing so. For example, a company might be able to transfer its intellectual property rights to a third party without having to pay royalties upfront or with the consent of all
