Contract Assignment Agreement
Updated 17 October 2025
This template is a Contract Assignment Agreement used when one contractor (Contractor 1) transfers all rights, titles, and interests of an existing contract to another contractor (Contractor 2). Contractor 1 attests to having the legal right to transfer and forfeits future payments, while Contractor 2 accepts all obligations and liabilities related to the assigned contract.
CONTRACT ASSIGNMENT AGREEMENT
This agreement is hereby made between [name of contractor 1] at [company, address] (hereafter referred to as “Contractor 1”), and [name of contractor 2] at [company, address] (hereafter referred to as “Contractor 2”).
On this day, [date], Contractor 1 hereby assigns and transfers to Contractor 2 all rights, titles, and interests to the following contract:
[description of the contract]
Contractor 1 swears and attests that [he/she] has full permission and legal rights to transfer the contract to Contractor 2. Contractor 1 further swears that the contract has no liens, debts, conditions, waivers or additions outside of the original written contract cited above.
Contractor 1 forfeits all payments, benefits, and gratuities still owed according to the contract.
Contractor 2 hereby accepts all work, deadlines, conditions and expectations set forth by the contract and understands that Contractor 1 will not be held accountable for setbacks, debts, or penalties incurred by Contractor 2’s actions in regards to the contract.
The terms and conditions laid out in this contract constitute the entire agreement. Any additions, waivers, or conditions must be put forth in writing and signed by both parties.
_______________________________ _______________________________
[contractor 1 signature] [contractor 2 signature]
_______________________________ ________________________________
[date] [date]
About this template
What is this template?
Contract Assignment Agreement is a free, ready-to-use Contract law template you can open, customize, and download on GitLaw. It gives you a professionally structured starting point, so you never have to draft from a blank page. The wording is plain and modern, organized into clear sections that are easy to read, edit, and adapt to your own situation before you share or sign it.
When should you use it?
Reach for this Contract law template whenever you need a reliable agreement quickly and want to be sure the essentials are covered. It suits individuals, freelancers, startups, and established businesses alike. Instead of paying for a document drafted from scratch, you can start here, tailor the details to your arrangement, and have a polished draft ready in minutes. Always review the final wording against the laws that apply where you live or do business.
What's typically included?
A well-drafted Contract law usually sets out the parties involved, the scope of the agreement, and each side's rights and responsibilities. Expect sections covering key terms and definitions, how long the agreement lasts, how it can be ended, and what happens if something goes wrong. This template brings those building blocks together in a sensible order, so you can focus on the specifics rather than worrying about what to include. Open it to read the full document, then sign up to edit, negotiate, and e-sign it directly in GitLaw.