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 Printed Name
Assignee's Printed Name
For good and valuable consideration, the sufficiency and receipt of which is hereby
acknowledged by the parties hereto, ______________________(hereinafter “Assignor”)
assigns, sells, conveys, and transfers all of Assignor’s interest to_____________________________
(hereinafter “Assignee”) in the contract(s) described as follows:
- Contract by and between _______________ and_________________ , dated_____________, _____________ , 20_____ (include such further information necessary to fully describe the contract and subject matter assigned in this Assignment)
Assignor agrees that all rights and obligations of Assignor arising under the above listed contract(s) or otherwise by law or by the existence of conditions precedent, which may or may not have occurred as of the date of this Assignment, are hereby included in this Assignment and Assignee hereby agrees to accept same as if Assignee was an original party to the aforesaid contract(s).
Assignor represents and warrants that the interest of Assignor in the contract(s) subject to this Assignment is free of liens, claims or encumbrances of any kind by third parties, except the following:
(list encumbrances if applicable.)
Assignee agrees to hold harmless and indemnify Assignor for such liens, claims or encumbrances of any kind to which the above listed contracts are subject and which have disclosed and described by Assignor hereinabove.
This Assignment shall be binding upon an dinure to the benefit of Assignor and Assignee and their respective affiliates, successors, assigns, heir and devisees and legal representatives.
It is the intention of the parties that in the event a court of competent jurisdiction finds that any provision or portion of this Assignment is unenforceable for any reason, the balance and remainder of this Assignment shall remain effective and enforceable to the extent possible under the circumstances then existing.
Assignor and Assignee agree that this Assignment shall be deemed governed by the laws of the State of ________________ and, further, each agrees to submit to the subject matter and personal jurisdiction of the courts of that state.
This Assignment supercedes all prior and contemporaneous agreements and discussions of the parties hereto regarding the subject matter hereof and the contract(s) assigned hereby and, as written, constitutes the entire agreement of the parties.
AGREED, signed and made effective this the ____________ day of ___________-, 20____ .
State Specific Assignment Forms
—-For State Specific Assignment Forms you can download in Word Format go to