assignment of contract pdf

• Assignment Agreement

Assignment Agreement Template

Alternative names: Assignment of Contract

An assignment agreement delegates specific rights, interests, or responsibilities to another party. It helps clarify the particular assignments being transferred from the initial contract. This could include transferring a lease, copyrights, insurance policy, or other contractual agreements.

Table of Contents

In an assignment agreement, one party transfers rights, interests, or other obligations to another party. This document helps facilitate a seamless transition of various interests – whether ownership rights, contractual duties, intellectual property rights, or outstanding debts that should be repaid. If an assignment of contract is executed, all parties clearly understand and accept their newly assigned commitments.

When to Use Assignment Agreement

An assignment of contract template is an efficient way to transfer your rights and obligations while providing legal protection to all parties involved. The following are some typical situations in which this agreement is advantageous:

• Debt transfer: If you owe money and want someone else to take over the repayment obligation, you can use an assignment of contract form to transfer that debt officially.
• Lease transfer: If a tenant wants to move out before their lease expires, they can assign their tenancy rights to a new person who becomes bound by the original lease terms.
• Copyright transfer: For creators looking to give rights to their work (logos, writings, inventions, etc.) to another company or individual, an assignment agreement contract handles that transfer.
• Trademark transfer: If a company wants to sell a trademark to another business, it can’t just hand it over – a contract assignment agreement formally transfers legal ownership and trademark rights to the new owner.
• Insurance policy transfer: An assignment agreement template allows you to transfer an insurance policy’s benefits to another person.
• Business ownership transfer: When a company owner wants to hand over full or partial ownership to new owners, a contract assignment template is a way to legally transfer those rights and assets.
• Patent assignment: If a patent holder wants to convey their ownership rights to another party, they can use an assignment form.

Terms and Parties of Assignment Agreement

When you enter into one of these assignment contracts, there are just two major parties, specifically:

• Assignor: The current holder of certain rights, titles, assets, or property who has decided to transfer them to another party.
• Assignee: The party that gets to take ownership of those rights/obligations from the assignor.

Several essential terms are typically included in an assignment of agreement template:

• Assigned rights: Any benefits, advantages, or intellectual property the assignee gains ownership of through the contract assignment form.
• Obligations: These are any duties, debts, or responsibilities the assignee is taking over from the assignor. For example, a loan payment, following the rules of a lease, general legal liabilities, etc.
• Consideration: Monetary or non-monetary value exchanged for the assignment.

How to Create an Assignment Agreement

Creating an assignment agreement may seem intimidating at first, but it’s pretty straightforward if you break it down into steps and use a template of an assignment contract (PDF or Word formats are available for free).

• Enter the parties’ information: List the names, addresses, and contact details of the assignor and the assignee.
• Detail the rights or obligations: Firstly, clearly describe what is being assigned from one party to the other. Then, specify any related rights or obligations the assignee must accept.
• Sign the document: Once satisfied with the terms and conditions, both parties should sign the agreement. If state laws require it, they may execute the contract in the presence of a notary public.

Assignment agreements are crucial in various legal transactions when it comes to conveying rights or interests to another party. Having access to resources, such as an assignment of contract example, may be very beneficial for people and companies to overcome the complexities of the writing process. You just need to modify the template to your particular circumstances and use the assignment of contract (PDF or printed form) to protect interests, reduce conflicts, and promote smooth operations.

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Assignment of Contract Template

Create an assignment of contract to send to assignees in minutes. Works on any computer, tablet, or smartphone. Receive a final PDF. Easy to customize.

An Assignment of Contract is a document that an assignor uses to transfer all rights and obligations of a contract over to an assignee. With a free Assignment of Contract template from Jotform Sign , you can transfer your contracts to others in minutes. Just adjust the contract to your needs and send it out for signature on any device. You’ll get an automated PDF copy in Jotform Inbox once it’s been signed and completed.

Customize your Assignment of Contract template in Jotform’s intuitive drag-and-drop form builder effortlessly. Add or rearrange form fields, adjust fonts and colors, upload images, add in your own logos, and much more. You can even add in an automated signing order when there are multiple signers. If you need to forward your contracts, try a free Assignment of Contract template from Jotform today.

Payment Agreement Template

A payment agreement is a document between a lender and a borrower that outlines the terms and conditions of a loan, including the amount, payment schedule, and penalties. If you’re lending money, you can create professional payment agreements — plus fill them out and sign them on any device — with this free payment agreement form template from Jotform.You can update the design of this payment agreement template in just a few clicks with our drag-and-drop builder. You can add or remove fields, choose new fonts or text colors, set up a unique signing order, and customize automated email notifications. You can also gather e-signatures anytime and anywhere to streamline your loan process with Jotform Sign.

Partnership Agreement Template

A partnership agreement is a formal contract between two or more people who agree to run a for-profit business together. Partnership agreements are necessary for establishing terms and conditions that will help resolve any future disputes. Whether you’re a contract attorney or about to enter into a business partnership yourself, save time writing partnership agreements with our free Partnership Agreement Template. Simply customize the design to reflect the details of your partnership — then share it online to collect legally binding e-signatures on any device.Using our drag-and-drop builder, you can customize this Partnership Agreement Template to include the specific terms of your agreement, such as the length of the partnership, ownership percentage, distribution of profits and losses, management responsibilities, and what to do in the event of a withdrawal or death. You can also add your company’s official logo or change fonts and colors to match those of your business. With your partnership agreements taken care of, you can spend less time dealing with legal paperwork and more time growing your business. By streamlining your signature process with Jotform Sign , you can save time better spent elsewhere.

Letter of Authorization

A letter of authorization is an agreement between the person, known as the principal, authorizing another, known as an agent, to perform certain functions or powers in order to perform the duties of the principal. This letter also contains the period of effectivity of the contract of agency between the principal and the agent. Share Jotform’s free Letter of Authorization via email and securely collect electronic signatures from any device. Once signed, a finalized PDF document will be sent to your inbox — ready to download, print, and share with the appropriate parties.You can make changes to this Letter of Authorization in just a few easy clicks using Jotform’s intuitive form builder. Simply drag and drop to add or remove text fields, include additional signature fields, change fonts and colors, include your own branding and letterhead, and other design changes. Ditch messy paper forms and streamline your e-signature process with this free Letter of Authorization from Jotform. If you want to take your signing process online, create an e-sign document with Jotform Sign.

Consulting Agreement Template

A consulting agreement, also known as a consulting contract, is a document that outlines the services a consultant or independent contractor will perform for a client. Jotform Sign’s free Consulting Agreement lets you outline your scope of work, compensation and payment details, and other relevant terms and conditions. Share it with participants via email and seamlessly collect signatures from any device.Making changes to this Consulting Agreement Template is simple with Jotform’s easy-to-use form builder. Just drag and drop to make customizations! You can add or edit form fields, set up an automated signing order, change fonts and colors, upload your unique branding, and more. Once both parties have filled out and signed your agreement, you’ll automatically receive a finalized PDF for your records.

Bid Proposal Template

A bid proposal is a document prepared by a contractor that outlines the purpose, scope, timeline, and other terms of a project for a client. If you need an efficient, professional way to pitch your project proposals as a contractor, Jotform’s got you covered with this Bid Proposal template. It works well for any contractor, no matter the line of work you’re in. With our entirely online signature process, you’ll be able to manage and reference sign-offs from your managers in one convenient place. Share via email or embed in your online store and start collecting signatures today.Customizing this Bid Proposal is easier than ever with Jotform’s drag-and-drop form builder. Update your contracting terms and conditions, add or remove form fields, change fonts and colors, and make other design changes — no coding required. Create your proposal, send it to your project managers, and start collecting signatures seamlessly. To send and sign documents in seconds, customize this template and share it with Jotform Sign.

Non Disclosure Agreement Template

Create an agreement with your clients, contractors, and employees with this easily customizable Non Disclosure Agreement (NDA) template — great for any type of company. Establish professional, confidential relationships with your audience by laying out terms and conditions. Share the information that you’d like to give to your chosen parties, out of the eyes of the public.Make this Non Disclosure Agreement template yours by personalizing it to match your company’s branding or values. Change up guidelines, add images or videos, set up automated notifications, switch up fonts and colors, and more. Once you’ve finished customizing, simply send to your partners for signatures and acknowledgement. After all parties are finished signing, everyone will receive a copy of this document for their own personal records. If you want to take your signing process online, create an e-sign document with Jotform Sign.

These templates are suggested forms only. If you're using a form as a contract, or to gather personal (or personal health) info, or for some other purpose with legal implications, we recommend that you do your homework to ensure you are complying with applicable laws and that you consult an attorney before relying on any particular form.

Contract Assignment Agreement

Used 5,046 times

Download the Contract Assignment Agreement to transfer your duties, obligations, and rights. An agreement between two parties outlines the conditions of a contract assignment.

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Prepared by:

​ [Assignor.FirstName] [Assignor.LastName] ​

​ [Assignor.Phone] [Assignor.Email] ​

​ [Assignor.StreetAddress] [Assignor.City] ​ [Assignor.State] [Assignor.PostalCode] ​

Contract Assignment Agreement Template

Prepared for:

​ [Assignee.FirstName] [Assignee.LastName] ​

​ [Assignee.Company] ​

​ [Assignee.Phone] ​

​ [Assignee.Email] ​

​ [Assignee.StreetAddress] [Assignee.City] [Assignee.State] [Assignee.PostalCode] ​

This Contract Assignment Agreement (hereinafter referred to as the "Agreement") made and entered on [Document.CreatedDate] , by and between:

Name: [Assignor.FirstName] [Assignor.LastName] [Assignor.Company] (hereinafter referred to as "Assignor"), and

Name: [Assignee.FirstName] [Assignee.LastName] [Assignee.Company] (hereinafter referred to as "Assignee"), and

Assignor and Assignee are hereinafter referred to as “Parties” collectively in this Agreement.

A. Assignor assigns and transfers the Assignee all of its rights, title, and interest in and to the contract, named (insert name of the original contract) (hereinafter referred to as the "Contract"), dated (insert date of the original contract), and expires on (insert the date when the original contract expires).

In consideration for the assignment, the Assignee will pay the Assignor the sum of (insert amount).

B. Assignor desires to assign the Contract to Assignee and Assignee desires to accept the assignment of the Contract.

C. The terms of this Assignment Agreement shall supersede the terms of the original Contract to the extent that there is any conflict between the terms of the original Contract and the terms of this Assignment Agreement.

This Agreement is subject to the following conditions:

Both Parties have all necessary rights and authority to enter into this Agreement and to assign the Contract to Assignee;

This Agreement does not and will not be construed to violate any agreement to which either the Assignor or the Assignee is a party or by which they are bound; and

Parties have had the opportunity to seek independent legal counsel prior to signing this Agreement and have either done so or have voluntarily waived their right to do so.

Indemnification

The Assignee agrees to indemnify and hold the Assignor harmless from and against any and all costs, losses, damages, claims, liabilities, and expenses (including reasonable attorneys' fees and costs) arising out of or in connection with any claims or suits based on allegations that arise.

Counterparts

This Agreement may be executed in counterparts (and by different Parties hereto on different counterparts), each of which shall be deemed an original, but all of which together shall constitute the same instrument.

Non-Transferability

Except as expressly provided in this Agreement, the rights and obligations of the Parties under this Agreement are not assignable or transferable, neither whole nor in part.

Termination

Subsequently, this Agreement may not be terminated except by mutual agreement of the Assignor and the Assignee. In the event of termination, any sums paid by Assignee to Assignor under this Agreement shall be reimbursed to Assignee within (insert number of days) of the termination of this Agreement.

Confidentiality

Assignee shall maintain all information regarding the Contract in the strictest confidence and shall not reveal such information to any person or entity without the express written consent of Assignor.

Governing Laws

This Agreement shall be governed by and construed under the laws of the State of [Assignor.State] ​.

Agreed and Accepted

IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement as of the date written below.

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Contract Assignment Agreement

Select the name of the state whose law will govern the interpretation of this contract and will be the location of any future disputes related to this contract. This is usually the state where at least one of the Parties resides or does business related to the contract. If this Agreement involves the transfer of land, this would be the state where the land is located.

CONTRACT ASSIGNMENT AGREEMENT

State of Alabama

This Assigment Agreement (the "Agreement) is entered into by and between ________ (the "Assignor"), having their principal address located at ________ , and ________ (the "Assignee"), having their principal address located at ________ , both of whom agree to be bound by this Agreement, in consideration of the mutual covenants herein contained and other good and valuable consideration, the sufficiency of which is hereby acknowledged, witnesseth:

WHEREAS , Assignor entered into a Contract, included as an attachment to this Agreement, with ________ (the "Obligor"), referred to hereinafter as "Contract with ________ ";

WHEREAS , the Contract with ________ has an original expiration date of ________ as may be extended as permitted therein;

WHEREAS , Assignor wishes to assign all of their rights and obligations under the Contract with ________ to Assignee; and

WHEREAS , the necessary verbal consent was obtained from the Obligor on ________ ;

NOW THEREFORE , Assignor and Assignee agree to the following:

I. Assignor and Assignee hereby agree that the Assignor shall assign all their rights, titles, and interests, and delegate all of their obligations, responsibilities, and duties, in ad to the Contract with ________ , to Assignee.

II. Assignee hereby accepts the assignment of all of Assignors obligations, responsibilities, and duties under the Contract and all of Assignors rights, titles, and interests in and to the Contract with ________ .

III. Notwithstanding the foregoing, Assignor agrees to defend and indemnify the Obligor from any and all claims,actions, judgments, liabilities, proceedings, and costs, including reasonable attorney's fees and other costs of defense and damages, resulting from Assignors performance prior to the assignment of the contract and resulting from Assignees performance after the assignment of the Contract with ________ , provided, however, that after the assignment of the Contract with ________ , the State shall first look to Assignee to satisfy all claims, actions, judgments, liabilities, proceedings, and costs, including reasonable attorneys fees and ot her costs of defense and damages resulting from Assignee's performance.

IV. Assignee agrees to indemnify the Obligor from any and all claims, actions, judgments, liabilities, proceedings, and costs, including reasonable attorney's fees, and other costs of defense and damages, resulting from Assignee's performance after the assignment of the Contract with ________ .

V. No modification of this Agreement shall be valid unless in writing and agreed upon by all relevant Parties.

VI. 52 252 28222 522 252888822 22 2588 825222222 88 5285 22 8285885, 8882258, 25 5222225825882 225 522 525822, 2522 252 2552828 52522 2552 8585 252888822 85588 82 522225 22 82 825582 525 252 522582525 22 252 825222222 85588 82 22225825 58 82 252 825582 252888822 8252 22825 82885525 82 252 825222222.

VII. This Agreement is governed by the laws of the State of Alabama and both Parties expressly consent to jurisdiction in such courts.

IN WITNESS WHEREOF, the Parties execute the Agreement as follows:

______________________________________________ ________

______________________________________________ Date

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