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Learn more about Assignment Agreements
An Assignment Agreement, sometimes called a Contract Assignment, allows you to assign your contractual rights and responsibilities to another party. For example, if you're a contractor who needs help completing a job, you can assign tasks and entitlements to a subcontractor, as long as the original contract doesn't forbid the assignment of these rights and duties. In your Assignment Agreement, you should include information like: the name of the person handing over contractual duties (called "the assignor"); the recipient of the contractual rights and obligations (called "the assignee"); the other party to the original contract (called "the obligor"); the name of the contract and its expiration date; whether the original contract requires the obligor's consent prior to assigning rights; when the obligor's consent was obtained; when the agreement will go into effect; and which state's laws will govern the agreement.
Other names for this document: Assignment of Contract, Contract Assignment, Assignment Contract