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Assignment of Sales Agreement
Introduction. Agreement made on [date] by and between [name]
(Assignor), with principal place of business at [address], and
[name] (Assignee), with principal place of business at [address].
1. Description of Sales Agreement. Assignor has entered into
a sales agreement dated [date], involving the sale of [description of
goods to be sold] (the Sales Agreement), with [name] (Buyer). A copy
of the Sales Agreement is attached hereto [omitted].
2. Assignment. In consideration of the sum of ----------
dollars ($----------), receipt of which is acknowledged, Assignor hereby
assigns all of Assignor's rights under the Sales Agreement to Assignee,
including the right to receive all sums due from Buyer thereunder, and
delegates all of Assignor's duties under the Sales Agreement to
Assignee. Assignee hereby assumes all of Assignor's duties under the
Sales Agreement and agrees to perform the same.
3. Indemnity. Assignee will indemnify and hold Assignor
harmless from any losses that Assignor may suffer by reason of
Assignee's failure to perform properly the duties under the Sales
Agreement that have been delegated to Assignee herein.
4. Notice. Assignor will notify Buyer of this assignment and
delegation in accordance with the terms of the Sales Agreement.
*** If Required By State Law ***
This Section for Notary:
State of _________
County of ________ [COUNTY]
On [DATE] before me, [NAME OF NOTARY], notary, personally appeared [NAME OF PERSON(S) INVOLVED], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
Witness my hand and official seal.
My commission expires: _____