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Assignment of Contract
Assignment of Contract
Assignment of Contract
FOR VALUE RECEIVED, _____________ (“Assignor”) hereby assigns and otherwise transfers (“assigns”) to
______________ (“Assignee”) all rights, title and interest held by Assignor in and to the contract described as
Contract dated ____________, 20___, between ________________ and __________________ and concerning
Assignor warrants and represents that said contract is in full force and effect and is fully assignable. Assignor
further warrants that it has the full right and authority to transfer said contract and that contract rights herein
transferred are free of lien, encumbrance or adverse claim. Said contract has not been modified and remains on
the terms contained therein.
Assignee hereby assumes and agrees to perform all remaining and obligations of Assignor under the contract
and agrees to indemnify and hold Assignor harmless from any claim or demand resulting from non-performance
by Assignee. Assignee shall be entitled to all monies remaining to be paid under the contract, which rights are
also assigned hereunder.
This Assignment shall become effective as of the date last executed and shall be binding upon and inure to the
benefit of the parties, their successors and assigns.
Dated: _________________
Dated: _________________
I hereby consent to this Assignment of Contract affirming that no modification of the contract is made or
intended, except that Assignee is now and hereafter substituted for Assignor.
Dated: _________________
Name of Third Party
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Assignment of Contract