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    Contract Assignment

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    FindLegalForms
    This document assigns a contract from an Assignor to an Assignee. The Assignor entered into a contract previously and now wants to transfer their rights and obligations under that contract to the Assignee. The Assignee agrees to accept the assignment and assumes all duties and responsibilities that the Assignor had under the original contract. In exchange, the Assignee pays the Assignor cash for the assignment of the contract. The assignment transfers all rights, title and interest in the original contract from the Assignor to the Assignee and releases the Assignor from any further obligations.

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    © All Rights Reserved
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    Contract Assignment

    Uploaded by

    FindLegalForms
    118 views3 pages
    This document assigns a contract from an Assignor to an Assignee. The Assignor entered into a contract previously and now wants to transfer their rights and obligations under that contract to the Assignee. The Assignee agrees to accept the assignment and assumes all duties and responsibilities that the Assignor had under the original contract. In exchange, the Assignee pays the Assignor cash for the assignment of the contract. The assignment transfers all rights, title and interest in the original contract from the Assignor to the Assignee and releases the Assignor from any further obligations.

    Original Description:

    Document used to assign a contract from one party to another

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    © © All Rights Reserved

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    This document assigns a contract from an Assignor to an Assignee. The Assignor entered into a contract previously and now wants to transfer their rights and obligations under that contract to the Assignee. The Assignee agrees to accept the assignment and assumes all duties and responsibilities that the Assignor had under the original contract. In exchange, the Assignee pays the Assignor cash for the assignment of the contract. The assignment transfers all rights, title and interest in the original contract from the Assignor to the Assignee and releases the Assignor from any further obligations.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    118 views3 pages

    Contract Assignment

    Uploaded by

    FindLegalForms
    This document assigns a contract from an Assignor to an Assignee. The Assignor entered into a contract previously and now wants to transfer their rights and obligations under that contract to the Assignee. The Assignee agrees to accept the assignment and assumes all duties and responsibilities that the Assignor had under the original contract. In exchange, the Assignee pays the Assignor cash for the assignment of the contract. The assignment transfers all rights, title and interest in the original contract from the Assignor to the Assignee and releases the Assignor from any further obligations.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 3

    CONTRACT ASSIGNMENT

    This Contract Assignment (the Assignment) is made and entered into this
    ________________ day of __________________ 20__ , by and between
    _________________of __________________________________, (the Assignor), and
    ____________________of ___________________________________(the Assignee).
    BACKGROUND:
    A. The Assignor has entered into certain Contract dated _______________
    _____________
    (the
    Contract)
    between
    Assignor
    and
    _______________________,
    for
    the
    following
    purpose:
    __________________________________________________________________. A true
    copy of this Contract is attached as Exhibit A to this Assignment.
    B. WHEREAS, Assignor desires to transfer and assign to Assignee its rights,
    duties and obligations under the said Contract;
    C. The Assignee is willing to release Assignor from the obligations
    enumerated in the Contract and to consent to Assignee assuming such
    obligations;
    For good and valuable consideration, it is agreed by and between the parties
    that:
    The Assignor hereby assigns, transfers and assigns to Assignee all rights, title
    and interest held by the Assignor in and to Contract.
    Assignee hereby accepts such assignment and agrees to assume all of Assignor's
    rights, duties and
    obligations in, to the Contract. Upon such assignment,
    Assignor shall be released from all rights, duties and obligations under the
    Agreement.
    In consideration of the Assignment of the Contract, Assignee is hereby paying to
    Assignor an aggregate purchase price of ______________________________ Dollars in
    cash, by such means as may be agreed by Assignor and Assignee.
    The Assignor hereby warrants and represents that the Contract is in full force and
    effect. The Assignor further warrants that it has full right and authority to assign
    the said Contract and that the Contract rights herein transferred are free of lien,
    encumbrance or adverse claim.
    The Assignee hereby assumes and agrees to perform all material obligations of
    the Assignor under the Contract from the effective date of this Assignment. The
    Assignee hereby agrees to indemnify and hold the Assignor harmless from any
    claim or demand resulting from any breach of obligations hereunder by the
    Assignee.
    All moneys due under the Agreement prior to the effective date of this
    Assignment shall be fully paid to the Assignor and thereafter the Assignee shall
    be entitled to all money remaining to be paid under the contract.

    This Assignment shall be binding upon and inure to the benefit of the parties,
    their successors and assigns.
    This Assignment shall be governed by the laws of the State of
    ___________________, applicable to agreements executed and to be performed
    entirely therein.
    Signed this _____________ day of ___________________, 20________.
    ____________________________
    Assignor
    ____________________________
    Assignee

    Exhibit A
    Contract

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