General Assignment of Contract Rights with a Guaranty

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					              General Assignment of Contract Rights with a Guaranty
        Assignment made on the (date), by (Name of Assignor) of (street address, city,
state, zip code), referred to herein as Assignor, in favor of (Name of Assignee) of (street
address, city, state, zip code), referred to herein as Assignee.
1.      For and in consideration of value received and the covenants contained in this
Assignment, and other good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, Assignor does hereby assign to Assignee all of
Assignor’s interest in a Contract between Assignor and (Name of Other Party), of
(street address, city, state, zip code), including the property described in said Contract
and all the money payable under such Contract. A true and correct copy of said
Contract is attached hereto as Exhibit A and made a part hereof.
2.    Assignor guarantees the payment of all money due or to become due under the
Contract and the full performance by (Name of Other P
				
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posted:6/14/2011
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Description: As a general matter, assignments of contract rights are not required to use any special wording or to be in any particular form. Under the Uniform Commercial Code, an assignment of "the contract" or of "all my rights under the contract" or in similar general terms is an assignment of rights and, unless the language or the circumstances indicate the contrary, is a delegation of performance of the duties of the assignor. Acceptance of the assignment by the assignee constitutes a promise by the assignee to perform the duties delegated.
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PARTNER William Glover
I received my B.B.A. from the University of Mississippi in 1973 and my J.D. from the University of Mississippi School of Law in 1976. I joined the firm of Wells Marble & Hurst in May 1976 as an Associate and became a Partner in 1979. While at Wells, I supervised all major real estate commercial loan transactions as well as major employment law cases. My practice also involved estate administration and general commercial law. I joined the faculty of Belhaven College, in Jackson, MS, in 1996 as Assistant Professor of Business Administration and College Attorney. While at Belhaven I taught Business Law and Business Ethics in the BBA and MBA programs; Judicial Process and Constitutional Law History for Political Science Department); and Sports Law for the Department of Sports Administration. I am now on the staff of US Legal Forms, Inc., and drafts forms, legal digests, and legal summaries. I am a LTC and was Staff Judge Advocate for the Mississippi State Guard from 2004-2008. I now serve as the Commanding Officer of the 220th MP BN at Camp McCain near Grenada, MS. I served on active duty during Hurricanes Dennis (July, 2005), Katrina (August, 2005) and Gustav in 2008. I played football at the University of Mississippi in 1969-1971 under Coach John Vaught. I am the author of the Sports Law Book (For Coaches and Administrators) and the Sports Law Handbook for Coaches and Administrators (with Legal Forms),