This Contract Assignment Agreement (hereinafter referred to as the "Agreement") made and entered on [Document.CreatedDate], by and between:
Name: [Assignor.FirstName][Assignor.LastName][Assignor.Company] (hereinafter referred to as "Assignor"), and
Name: [Assignee.FirstName][Assignee.LastName][Assignee.Company] (hereinafter referred to as "Assignee"), and
Assignor and Assignee are hereinafter referred to as “Parties” collectively in this Agreement.
A. Assignor assigns and transfers the Assignee all of its rights, title, and interest in and to the contract, named (insert name of the original contract) (hereinafter referred to as the "Contract"), dated (insert date of the original contract), and expires on (insert the date when the original contract expires).
In consideration for the assignment, the Assignee will pay the Assignor the sum of (insert amount).
B. Assignor desires to assign the Contract to Assignee and Assignee desires to accept the assignment of the Contract.
C. The terms of this Assignment Agreement shall supersede the terms of the original Contract to the extent that there is any conflict between the terms of the original Contract and the terms of this Assignment Agreement.