DIY Legal Forms

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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.

Signature ________

My commission expires: _____