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INSTRUMENT OF ASSIGNMENT

Assignment Agreement

INSTRUMENT OF ASSIGNMENT | Document Parties: LECG CORP | GRANT THORNTON LLP | LECG CORPORATION | LECG PARTNERS LLP You are currently viewing:
This Assignment Agreement involves

LECG CORP | GRANT THORNTON LLP | LECG CORPORATION | LECG PARTNERS LLP

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Title: INSTRUMENT OF ASSIGNMENT
Date: 3/7/2011
Industry: Business Services     Sector: Services

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Exhibit 2.1

 

INSTRUMENT OF ASSIGNMENT

 

GRANT THORNTON LLP (“Purchaser”) and LECG CORPORATION, a Delaware corporation and LECG PARTNERS LLP, a Pennsylvania limited liability partnership (collectively “ Seller ”),  are entering into a transaction to sell certain assets of the SMART Governance, Assurance and Risk & Advisory practices (including the U.K. Advisory Practice) (collectively the “Practice”) effective as of March 1, 2011 (the “ Transaction” ). For good and valuable consideration payable to Seller by Purchaser as set forth in the Letter of Intent between Purchaser and Seller dated February 25, 2011, of which $6.325 million is payable by Purchaser on the date hereof, the receipt of such consideration is hereby acknowledged by Seller, Seller does hereby sell, transfer, assign, convey and deliver to Purchaser all right, title and interest of Seller in, to and under the following assets related to the Practice (collectively, the “ Purchased Assets ”):

 

(a)   The Restrictive Covenants of all Transferring Managing Directors and Transferring Employees  as set forth on Schedule 1   hereto. The term “Restrictive Covenant” shall mean any covenant or other provision enforceable against any of the Transferring Managing Directors and Transferring Employees that (i) restricts such person’s ability to compete with the Practice, (ii) restricts such person’s ability to solicit or provide services to clients of the Practice, (iii) restricts such person’s ability to interfere in Seller’s relations with the Practice clients, (iv) restricts such person’s ability to solicit any of the


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