Assignment of Contract - Australia

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					                         ASSIGNMENT OF CONTRACT

                                        AUSTRALIA


THIS AGREEMENT is made the _________ day of _________, 20___
BETWEEN: ____________________ of ___________________[ address ] (‘the Assignor’)
AND: ____________________ of ___________________[ address ] (‘the Assignee’)

Background:
A.     The Assignor is a party to a certain contract ______________ [name of the contract]
(“Original Contract”) and dated :_____________executed between Assignor and
_______________(the ‘Obligor’), a copy of which contract is attached hereto.

B.     The Assignor has agreed to assign and transmit all its rights, titles and interest vested in
the Assignor in the Original Contract.



Now the Parties agree as follows:
1. Assignment

FOR VALUE CONSIDERATION, and the acknowledgement of which is acknowledged by the
Assignee, Assignor hereby assigns, transfers and sets over to Assignee all rights, title and interest
held by the Assignor in and to Original Contract.


2. Warranty

(a)      Assignor warrants and represents that the Original Contract is in full force and effect and
is fully assignable.

(b)     Assignor warrants that there has been no breach of the Original Contract by any of the
parties to that contract, and that Assignor is in full compliance with all the terms and conditions
of such contract.

(c)   Assignor has full right and authority to assign or transfer the Original Contract and that
Assignor has not assigned or encumbered all or any part of his rights under such contract.

3. Remaining Obligations and Indemnity

The Assignee hereby assumes and agrees to perform all the remaining obligations of the
Assignor under the contract and agrees to indemnify and hold the Assignor harmless from any

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claim or demand resulting from non-performance by the Assignee.


4. Governing law and jurisdiction


This agreement shall be governed by and construed in accordance with the laws of
_____________[Mention State or Territory] and each of the parties submits to the non-
exclusive jurisdiction of its courts.


5. Counterparts
This agreement may be executed in any number of counterparts. All of such counterparts taken
together constitute the one instrument.


IN WITNESS WHEREOF the parties have executed this Agreement the day and year first above
written.


____________________________
Assignor's Signature

___________________________
Assignor's Printed Name


____________________________
Assignee's Signature


____________________________
Assignee's Printed Name

Witness Signature

Full Name of Witness

(Attach copy of contract being assigned.)




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nce by the Assignee.


4. Governing law and jurisdiction


This agreement shall be governed by and construed in accordance with the laws of
_____________[Mention State or Territory] and each of the parties submits to the non-
exclusive jurisdiction of its courts.


5. Counterparts
This agreement may be executed in any number of counterparts. All of such counterparts taken
together constitute the one instrument.


IN WITNESS WHEREOF the parties have executed this Agreement the day and year first above
written.


____________________________
Assignor's Signature

___________________________
Assignor's Printed Name


____________________________
Assignee's Signature


____________________________
Assignee's Printed Name

Witness Signature

Full Name of Witness

(Attach copy of contract being assigned.)




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DOCUMENT INFO
Description: Assignment of Contract allows one party (the assignor) to transfer their rights and obligations under a contract to someone else (the assignee). Mostly, the assignee pays the assignor in return for the transfer of title.
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