John Williams, a professional basketball player, entered into a contract with Southern Palms Corporation, which owned the Carolina Cougaras, a professional basketball team. The contract provided that Williams was to play basketball for the Cougars for a three-year period, commencing on October 2, 2018. The contract contained a provision that it could not be assigned to any other professional basketball franchise without Williams' approval. Subsequently, Southern Palms Corporation sold its assets, including its franchise a Williams' contract, to the Mannings Corporation (Mannings). There was no change in the location of the Cougars after the purchase. When Williams refused to play for the new owners, Mannings sued to enforce Williams contract.

• Discuss your understanding of privity of contract.
• Explain whether Williams' contract is assignable to the new owner.
• Compare and contrast privity of contract and an assignable contract.