Assignment Of Contract
This document is an Assignment of Contract template, designed to transfer all rights and interests from an Assignor to an Assignee in an existing contract. The Assignee agrees to assume all remaining duties and obligations, while the Assignor is released from future liability related to the assigned contract. The original contract's conditions remain unchanged.
ASSIGNMENT OF CONTRACT
The undersigned Assignor, [name], hereby assigns and transfers to Assignee, [name 1], all rights and interests held by the Assignor in the following contract:
The Assignor hereby certifies that the contract is in full force and effect and its provisions allow this transfer.
The Assignee hereby agrees to perform and execute all the remaining duties, tasks, and obligations of the Assignor. The Assignor shall not be held liable for any claim resulting from any action or inaction (including nonperformance) by the Assignee.
The Assignee is entitled to all monies yet to be paid under the contract, estimated a total of [amount].
The original contract and its conditions remain unmodified.
[assignor] ___________________________ [date] ________________
[assignee]____________________________ [date 1] ________________
[witness] _____________________________ [date 2] ________________
[witness 1] _____________________________ [date 3] ________________
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