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Assignment Of Contract
1. Assignment. In consideration of the sum of $------, receipt of which is acknowledged, [name or corporation], with offices at [address] (Assignor), does hereby sell, assign, and transfer to [name], residing at [address] (Assignee), all of its rights, duties, and obligations under a contract made by it with [name], dated [date], concerning [nature of contract].
2. The Assignor warrants that this contract is in effect, has not been modified, and is fully assignable. If the consent of a third party is necessary for this Assignment to be effective, such consent is attached to this Assignment and is a part of this Assignment. Assignor agrees to indemnify and hold the Assignee harmless from any claim, which may result from the Assignor's failure to perform under this contract prior to the date of this Assignment.
3. Assignee Assumes Duties and Obligations. By his acceptance of this Assignment, Assignee assumes the performance of all of Assignor's duties and obligations under the assigned contract, and will hold Assignor harmless from any liability or loss resulting from the performance or non performance of these duties and obligations.
4. This Assignment binds and benefits both parties and any successors. This document, including any attachments, is the entire agreement between the parties.
This Section for Notary:
STATE OF -------)
) ss: [date]
COUNTY OF ------)
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.
[Name of Notary Public]
My commission expires: [date]