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Assignment of Contract

This assignment of contract document transfers all rights, responsibilities, and benefits of a contract from an assignor to an assignee. The assignor warrants that the contract is valid and assignable. The assignee agrees to take over performance of the contract going forward. Both parties agree to indemnify the other for any claims resulting from failure to perform their obligations related to the contract.

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GURMUKH SINGH
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1K views

Assignment of Contract

This assignment of contract document transfers all rights, responsibilities, and benefits of a contract from an assignor to an assignee. The assignor warrants that the contract is valid and assignable. The assignee agrees to take over performance of the contract going forward. Both parties agree to indemnify the other for any claims resulting from failure to perform their obligations related to the contract.

Uploaded by

GURMUKH SINGH
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Assignment of Contract

This Assignment of Contract is made on___________,20 _____,

between ____________________________________________ ,assignor,

address:

and _______________________________________________ ,assignee,

address:

For valuable consideration, the parties agree to the following terms and conditions:

1.The Assignor assigns all interest, burdens, and benefits in the following described contract

to the Assignee:

This contract is attached to this Assignment and is a part of this Assignment.

2.The Assignor warrants that this contract is in effect, has not been modified, and is fully

assignable. If the consent of a third party is necessary for this Assignment to be effective,

such consent is attached to this Assignment and is a part of this Assignment. Assignor agrees

to indemnify and hold the Assignee harmless from any claim which may result from the
Assignor 's failure to perform under this contract prior to the date of this Assignment.

3.The Assignee agrees to perform all obligations of the Assignor and receive all of the benefits

of the Assignor under this contract. Assignee agrees to indemnify and hold the Assignor

harmless from any claim which may result from the Assignee's failure to perform under

this contract after the date of this Assignment.

4.This Assignment binds and benefits both parties and any successors. This document,

including any attachments, is the entire agreement between the parties.

The parties have signed this Assignment on the date specified at the beginning of this

Assignment of Contract.

______________________________ ______________________________

Signature of Assignor Signature of Assignee

______________________________ ______________________________

Printed Name of Assignor Printed Name of Assignee

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