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15 views

Assignment of Contract Form - Instant Download (W

Uploaded by

Quaesha Scott
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Assignment of Contract

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About this Form

An assignment of contract transfers all rights and obligations of a contract from one party to another. One
can use this form in various situations. For example, a real estate investor may assign a purchase contract
for a property to another investor, or a business may assign a contract to purchase goods or services to a
third party. The critical characteristic of an assignment of contract document is that it transfers the rights and
obligations of the original contract to a third party without altering the original contract's terms.

Assignment of Contract

FOR VALUE RECEIVED,____________________________, the undersigned Assignor ("Assignor") hereby


assigns, transfers and sets over to ____________________________ ("Assignee") all rights, title and interest held
by the Assignor in and to the following described contract:

The Assignor warrants and represents that said contract is in full force and effect and is fully assignable.

The Assignee hereby assumes and agrees to perform all the remaining and executory obligations of the Assignor
under the contract and agrees to indemnify and hold the Assignor harmless from any claim or demand resulting
from non-performance by the Assignee.
The Assignee shall be entitled to all monies remaining to be paid under the contract, which rights are also
assigned hereunder.

The Assignor warrants that the contract is without modification, and remains on the terms contained.

The Assignor further warrants that it has full right and authority to transfer said contract and that the contract rights
herein transferred are free of lien, encumbrance or adverse claim.

This assignment shall be binding upon and inure to the benefit of the parties, their successors and assigns.

Signed this _________ day of ______________________________, 20_____.

____________________________
Assignor's Signature

____________________________
Assignor's Printed Name

____________________________
Assignee's Signature

____________________________
Assignee's Printed Name

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