This Assignment of Contract (the “Assignment”) is made and entered on _____________________________________________, ___________, by and between _________________________________________ (“Assignor”) and _______________________________________ (“Assignee”) (collectively referred to as the “Parties”). Assignor is a party in the ______________________agreement dated _________________ between the Assignor and ___________________________ (“Other Party”) for a term ending on ______________, 20___ (the “Master Contract”).
The Parties agree as follows:
1. ASSIGNMENT: Assignor hereby assigns to Assignee all of his/her interests, rights and title held by Assignor in and to the Contract.
2. ASSUMPTION OF OBLIGATIONS: Assignee acknowledges the receipt of a copy of the Master Contract. Assignee hereby assumes all of Assignor’s interests, rights, duties and obligations remaining in the Master Contract.
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