Free Notice of Assignment of Contract
This Notice of Assignment of Contract will serve as official notice that all rights and interests under a certain contract have been permanently assigned to another. This Notice of Assignment also sets out the parties to the contract and the date of assignment.
Disclaimer:This was not drafted by an attorney & should not be used as a legal document.
Notice of Assignment of Contract
Date: ______________, 20 ____
Re: Assignment of Contract
Please be advised that as of ____________________, 20 ______, all interest and rights under certain contract dated __________________________ entered into between _______________________, of _______________________________________ and ________________________of _______________________________________, will be permanently assigned to ________________________________,of __________________________________________.
Please be advised that because of the proposed assignment all of the obligations and rights of the former party to this contract are now the responsibility of the new party to this contract.
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