VIEWS: 332 PAGES: 3 CATEGORY: Drafting Legal Forms POSTED ON: 10/1/2011
An Assignment of Contract is used by individuals or entities wishing to assign all their rights and obligations under an existing Contract (the “Assignor”) to a new individual or entity not previously part of the original Contract (the “Assignee”). Some contracts require the non-transferring party (the “Obligor”) to consent to the assignment. This document specifically identifies that consent to the assignment has been given by the non-transferring party. This document should be used by parties who wish to assign their rights to a Contract after obtaining the required consent.
"Assignment of Contract with Consent"