Wednesday, 07 April 2010 23:08
Assignment of ContractWritten by Rizwan Butt
FOR good and valuable consideration, the undersigned Assignor hereby assigns, transfers and sets over to ___________________ (Assignee) all rights, title and interest held by Assignor in
and to the following described contract:
Assignor warrants and represents that said contract is in full force and effect and
is fully assignable.
Assignee hereby assumes and agrees to perform all the remaining and executory
obligations of Assignor under the contract and agrees to indemnify and hold Assignor harmless from any claim or demand resulting from non-performance by Assignee.
Assignee shall be entitled to all monies remaining to be paid under the contract.
Assignor warrants that the contract is without modification, and remains on the terms contained therein.
Assignor further warrants that it has full right and authority to transfer said contract and that the contract rights transferred are free of lien, encumbrance or adverse claim.
This assignment shall be binding upon and inure to the benefit of the parties, their
successors and assigns.
Signed this ____ day of ______________, 20__.
Published in Financing