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copy of contract being assigned.) Assignment of Contract 3 ______________________ Assignor's Printed Name ____________________________ Assignee's Signature ____________________________ Assignee's Printed Name Witness Signature Full Name of Witness (Attachure Page Follows] Assignment of Contract 2 IN WITNESS WHEREOF the parties have executed this Agreement the day and year first above written. ____________________________ Assignor's Signature _____e nonexclusive jurisdiction of its courts. 6. Counterparts This agreement may be executed in any number of counterparts. All of such counterparts taken together constitute the one instrument. [Signatined] 5. Governing law and jurisdiction This agreement shall be governed by and construed in accordance with the laws of _____________[Mention State or Territory] and each of the parties submits to thcome, rentals, fees, profits or monies that are or may in the future become due to the Assignor from ___________________________ [insert full legal name of person/company from which the income is obtagor] to deliver any warrants, proceeds, income, rentals, fees, profits or monies to be issued pursuant to the contract to Assignee. (b) Assignor further authorises Assignee to receive all proceeds, inany claim or demand resulting from non-performance by the Assignee. 4. Assignment of Contract Income [Optional: if contract income is also assigned] (a) Assignor authorises and directs ________ [Oblibligations and Indemnity The Assignee hereby assumes and agrees to perform all the remaining obligations of the Assignor under the contract and agrees to indemnify and hold the Assignor harmless from ull right and authority to assign or transfer said contract and that Assignor has not assigned or encumbered all or any part of his rights under such contract. Assignment of Contract 1 3. Remaining Oas been no breach of the above-mentioned contract by any of the parties to that contract, and that Assignor is in full compliance with all the terms and conditions of such contract. (c) Assignor has fnor in and to the above described contract. 2. Warranty (a) Assignor warrants and represents that said contract is in full force and effect and is fully assignable. (b) Assignor warrants that there hth in this agreement. Now the Parties agree as follows: 1. Assignment FOR VALUE RECEIVED, Assignor hereby assigns, transfers and sets over to Assignee all rights, title and interest held by the Assiged to assign and transmit all its rights, titles and interest held by the Assignor in the above described contract. C. The parties wish to formalise the assignment of the contract on the terms set forct matter of which is _____________________ [matter of the contract] executed between Assignor and _______________(the `Obligor'), a copy of which contract is attached hereto. B. The Assignor has agrert AND: ________________[name of assignee], ACN (if corporation) of ___________________ [address ] (`the Assignee') of the second part. Background: A. The Assignor is a party to a contract, the subjeCT THIS AGREEMENT is made the _________ day of _________, 20___ BETWEEN: ________________[name of assignor], ACN (if corporation)_____ of ___________________[ address] (`the Assignor') of the first paNG NEGLIGENCE OR OTHERWISE) ARISING IN ANY WAY OUT OF THE USE OF THESE MATERIALS. The use of these materials is subject to the "Terms and Conditions" found at findlegalforms.com. ASSIGNMENT OF CONTRAROCUREMENT OF SUBSTITUTE GOODS OR SERVICES; LOSS OF USE, DATA OR PROFITS; OR BUSINESS INTERRUPTION) HOWEVER USED AND ON ANY THEORY OF LIABILITY, WHETHER IN CONTRACT, STRICT LIABILITY, OR TORT (INCLUDIII) THE PROVIDERS, AUTHORS OR PUBLISHERS OF ITS MATERIALS, BE RESPONSIBLE OR LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, OR CONSEQUENTIAL DAMAGES (INCLUDING, BUT NOT LIMITED TO, PHANTABILITY, SUITABILITY OR COMPLETENESS FOR ANY OF THE MATERIALS FOR YOUR PARTICULAR NEEDS. THE MATERIALS ARE USED AT YOUR OWN RISK. IN NO EVENT WILL: I) FLF, ITS AGENTS, PARTNERS, OR AFFILIATES; OR r-Client / Solicitor-Client relationship is created by use of these materials. THESE MATERIALS ARE PROVIDED "AS-IS" and "WITHOUT LIABILITY." FLF DOES NOT GIVE ANY EXPRESS OR IMPLIED WARRANTIES OF MERCdvice. The use of these materials is not a substitute for legal advice. Only a lawyer/solicitor can provide legal advice. A lawyer/solicitor should be consulted for all serious legal matters. No Lawyeve the income assigns and transfers the right to receive all present and future contract income to the Assignee. DISCLAIMER: FindLegalForms, Inc. ("FLF") is not a law firm and does not provide legal aust be notice of the assignment to the other original contracting party which is provided for in schedule. In this contract, there is also an option provided if the Assignor who has the right to receinder a contract to someone else (the assignee). Mostly, the assignee pays the assignor in return for the transfer of title. This is called `consideration' or `value received'. To be effective, there mASSIGNMENT OF CONTRACT An agreement to assign a contract- `Assignment of Contract' which is also know an `Deed of assignment' allows one party (the assignor) to transfer their rights and obligations u