Docstoc

Connecticut Assignment of Contract

Document Sample
Connecticut Assignment of Contract Powered By Docstoc
					Docstoc Legal Agreements




                             This agreement is used by individuals or entities located in Connecticut wishing to assign
                             all their rights and obligations under an existing contract to a new individual or entity. An
                             assignment of a contract is permissible if it is not prohibited under the original contract or if
                             permission is granted by the non-transferring party. This document can be used by a party
                             who wants to transfer their rights and obligations under an existing contract to a new party.
             ®




                           DISCLAIMERS: ALL INFORMATION AND FORMS ARE PROVIDED “AS IS” WITHOUT ANY WARRANTY OF ANY KIND, EXPRESS, IMPLIED, OR
                           OTHERWISE, INCLUDING AS TO THEIR LEGAL EFFECT AND COMPLETENESS. They are for general guidance and sho uld be modified by you or your
                           attorney to meet your specific needs and the laws of your state. Use at your own risk. Docstoc, its employees or contractors who wrote or modified any
                           form, are NOT providing legal or any other kind of advice and are not crea ting or entering into an Attorney-Client relationship. The information and forms
                           are not a substitute for the advice of your own attorney. Use of this document and our service are deemed to be your acknowledgement and agreement to
                           the following: The disclaimers and links on this page and the back page(s); our Terms of Service (http://www.docstoc.com/popterm.aspx?page_id=15), and
                           read more here (http://www.docstoc.com/popterm.aspx?page_id=114) for additional disclaimers and more. You also agree that if you are not the person
                           using the document and services that you will provide such person(s) who will be with these front and back disclaimer pages. This document is not
                           approved, endorsed by, or affiliated with any State, or governmental or licensi ng entity.
                           Entire document copyright © Docstoc®, Inc., 2010 - 2013. All Rights Reserved
                                  ASSIGNMENT OF CONTRACT


THIS ASSIGNMENT OF CONTRACT (the “Agreement”) is made this ____ [Month] ____
[Date], 20____, by and between ___________________ [Instruction: Insert the name of the
Assignor]       hereinafter       “Assignor”,       having       its    principal      office      at,
__________________________________ [Instruction: Insert the Address of the Assignor
Company], and ___________________ [Instruction: Insert the name of the Assignee]
hereinafter “Assignee”, having its principal office at __________________________________
[Instruction: Insert the Address of the Assignee Company], in consideration of the
mutual covenants herein contained and other good and valuable consideration, the
sufficiency of which is hereby acknowledged, witnessed:


WHEREAS, Assignor entered into a Contract dated ________ [Month] __ [Date], 20__, with
_________________________ [Instruction: Insert the name of the Company with whom
Assignor     executed       the    contract],     (hereinafter     “Company”),       identified    as
_______________________ [Instruction: Insert the name of the Contract], hereinafter
“Contract”; a copy of the Contract is attached as Exhibit A.


WHEREAS, Assignor wishes to assign all of its rights and obligations under the Contract to
Assignee and Assignee wishes to accept all of Assignor’s rights and obligations under the
Contract; and


NOW THEREFORE, in consideration of the foregoing premises and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties agree as follows:


1. Assignor and Assignee hereby agree that the Assignor shall assign all its right, title, and
   interest, and delegate all its obligations, responsibilities and duties, in and to the Contract, to
   Assignee.
2. Assignor hereby [waives –or- assigns and transfers] [Choose one] any and all rights it may
   have against the Company, effective as of the Effective Date set forth in this agreement.
3. The Company recognizes the Assignee as the Assignor’s successor in interest in and to the
   Contract.   The Assignee by this Agreement becomes entitled to all rights (including
   payment), titles, and interests, and assumes all duties, obligations, and liabilities, of the
   Assignor in and to the Contract as if the Assignee were the original party to the Contract.
   Following the effective date of this Agreement, the term ______________ [Instruction:
   Insert the term as used in the original contract to designate the assignor] as used in the
   Contract, shall refer to the Assignee. [Comment: you can keep or remove this clause
   depending on the language of the assignment clause in the contract between Assignor
   and Company].


4. Notwithstanding the foregoing, Assignor agrees to defend and indemnify the Company from
   any and all claims, actions, judgments, liabilities, proceedings and costs, including
   reasonable attorneys’ fees and other costs of defense and damages, resulting from Assignor’s
   performance prior to the assignment of the Contract and resulting from Assignee’s
   performance after the assignment of the Contract, provided however, that after the
   assignment of the Contract the Company shall first look to Assignee to satisfy all claims,
   actions, judgments, liabilities, proceedings and costs, including reasonable attorneys’ fees
   and other costs of defense and damages resulting from Assignee’s performance.


5. Assignee agrees to indemnify the Company from any and all claims, actions, judgments,
   liabilities, proceedings and costs, including reasonable attorneys’ fees and other costs of
   defense and damages, resulting from Assignee’s performance after the assignment of the
   Contract.


6. Assignee hereby accepts the assignment of all of Assignor’s obligations responsibilities and
   duties under the Contract and all of Assignor’s right, title and interest in and to the Contract.


7. If any part of this Agreement is for any reason found to be invalid, illegal or unenforceable,
   the validity, legality and enforceability of the remaining provisions of this Agreement shall
   not be affected and same shall remain in effect.
8. This Agreement shall for all purposes be governed by and interpreted in accordance with the
    Contract between Assignor and Company.


9. This agreement shall not be deemed valid until it shall have been approved by the Company
    [Optional] [Comment: you can keep or remove this clause depending on the language of
    the assignment clause in the contract between Assignor and Company].


IN WITNESS WHEREOF, the parties set their hands and seals as of the date first above
written by their duly authorized representatives.


For: Assignor                                   For: Assignee




Signed:_________________________________        Signed:_______________________________
Name:                                           Name:
Title:                                          Title:
Date:                                           Date:




For: Company


Signed:_________________________________
Name:
Title:
Date:
    EXHIBIT A
ORIGINAL CONTRACT

				
DOCUMENT INFO
Shared By:
Tags:
Stats:
views:33
posted:12/8/2011
language:English
pages:6
Description: This agreement is used by individuals or entities located in Connecticut wishing to assign all their rights and obligations under an existing contract to a new individual or entity. An assignment of a contract is permissible if it is not prohibited under the original contract or if permission is granted by the non-transferring party. This document can be used by a party who wants to transfer their rights and obligations under an existing contract to a new party.
This document is also part of a package Essential Connecticut Legal Documents 86 Documents Included