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Assignment Agreement Forms (12) | Samples

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Updated June 22, 2023

An assignment agreement transfers ownership interest from an assignor (giving party) to an assignee (receiving party). The interest usually consists of a benefit with any included liabilities. If any payment is required, it should be mentioned in the assignment.

By Type (12)

Domain Name

Intellectual Property

Lease Agreement

Real Estate Purchase Contract

Table of Contents

• Assignment Agreements: By Type (12)

Step 1 – Make a Deal

Step 2 – verify ownership, step 3 – write the agreement, step 4 – take control.

• Sample : Assignment Agreement

How to Write

How to assign (4 steps).

The assignor (seller) and the assignee (buyer) should get together to make a verbal agreement or write a letter of intent. This allows the assignee to conduct their due diligence and ensure the property is what the assignor claims to be.

In most real estate contracts, for example, a notary public is not required to sign an agreement. Therefore, it’s best to verify with the other party, the landlord or seller, that the contract is valid.

Write the assignment agreement including the property details and sales price. Include any other agreed-upon terms and conditions.

No matter the type of property (real, personal, etc.) after an agreement is signed, the property should be delivered to the assignee’s possession.

Sample Assignment Agreement

Download: PDF , MS Word , OpenDocument

ASSIGNMENT AGREEMENT

I. THE PARTIES. This Assignment Agreement (“Agreement”) is made on [DATE] , (“Effective Date”) by and between:

Assignor: [ASSIGNOR’S NAME] , (“Assignor”) with a mailing address of [ASSIGNOR’S MAILING ADDRESS] ,

Assignee: [ASSIGNEE’S NAME] , (“Assignee”) with a mailing address of [ASSIGNEE’S MAILING ADDRESS] .

The above-referenced Assignor and Assignee may each be referred to as a “Party” and collectively referred to herein as the “Parties.”

II. THE ASSIGNMENT. The Parties agree that under this Agreement, the Assignor shall assign, convey, and transfer all their interest in the following to the Assignee: [DESCRIBE WHAT IS BEING ASSIGNED]

Hereinafter known as the “Assignment.”

III. TRANSFER. The Parties agree that the Assignor is transferring the Assignment for the following:

☐ – Fixed Payment of $ [PAYMENT AMOUNT] (“Payment Amount”). The Assignment is to be transferred in exchange for the Assignee paying the Assignor the Payment Amount within [ # ] days of the Effective Date.

☐ – No Payment. The Assignor is transferring the Assignment to the Assignee for no payment or compensation. The Assignee’s consideration shall be recognized as the undertaking of any liabilities or obligations in the Assignment.

☐ – Gift. The Assignor is granting the Assignment as a gift to the Assignee.

☐ – Other. [ DESCRIBE ]

IV. LIABILITIES. The Assignor hereby claims and warranties to hold the interest described in the Assignment and that the: (check one)

☐ – Assignment is Free of Liens, Claims, or Encumbrances. The Assignor is transferring an interest in the Assignment and warranties it to be free of liens, claims, or encumbrances of any kind.

☐ – Assignment is Holds the following Liens, Claims, or Encumbrances: [DESCRIBE]

V. 3RD PARTY APPROVAL. For this Agreement to be in effect: (check one)

☐ – It is REQUIRED for [3RD PARTY’S NAME] (“3rd Party”) to approve this Agreement within [#] days of the Effective Date. If the 3rd Party does not approve this Agreement or fails to sign, this Agreement shall be considered void.

☐ – It is NOT REQUIRED a 3rd Party to approve this Agreement. Upon the execution by both Parties, this Agreement shall be in full force and effect.

VI. ASSUMPTION. The Assignee acknowledges and agrees to assume the transfer and ownership of all liabilities, obligations, and claims that currently exist or may in the future regarding the Assignment. As of the Effective Date, the Assignee agrees to comply with all terms, make all payments, and perform all the conditions, covenants, and any other duties as part of the Assignment.

VII. PARTIES’ REPRESENTATIONS. The Assignee acknowledges that they have a full understanding of the Assignment and the terms of this Agreement. The Assignor further warrants that they own the rights transferred in the Assignment and understand the terms of this Agreement. Both Parties agree to provide and complete any obligations under this Agreement or the Assignment.

VIII. SEVERABILITY. If any term, covenant, condition, or provision of this Agreement is held by a court of competent jurisdiction to be invalid, void, or unenforceable, the remainder of the provisions shall remain in full force and effect and shall in no way be affected, impaired, or invalidated.

IX. GOVERNING LAW. This Agreement shall be governed under the laws located in the State of [ STATE OF GOVERNING LAW ].

X. WAIVER. The failure of either Party to enforce any provision of this Agreement shall not be deemed a waiver or limitation of that Party’s right to subsequently enforce and compel strict compliance with every provision of this Agreement.

XI. ADDITIONAL TERMS. [ADDITIONAL TERMS]

XII. ENTIRE AGREEMENT. This Agreement constitutes the entire agreement between the Parties. No modification or amendment of this Agreement shall be effective unless in writing and signed by both Parties.

Assignor Signature: ____________________________ Date: ______________

Assignee Signature: ____________________________ Date: ______________

3rd Party Signature (if any): ____________________ Date: ______________

Section I. The Parties

(1) Effective Date Of Assignment. The date when this agreement becomes active must be established. Deliver the calendar date when its effect first obligates the signature Parties to its conditions and terms.

(2) Name Of Assignor.   The full name of the Party who intends to release his or her interest or claim must be presented. This Party whether it is an Individual or Business Entity will be known as the Assignor of the claim, interest, and/or property this paperwork discusses.

(3) Mailing Address Of Assignor. Produce a record of the address needed to contact the Assignor by mail. This should be a regularly monitored address that can be considered reliable.

(4) Assignee Name. The Party that wishes to assume the same right to claim or the same interest that the Assignor enjoys with the discussed property and will gain such interest through this paperwork is the Assignee and should be identified by name.

(5) Assignee Mailing Address. The address required to reach the Assignee by mail so that he or she may receive notices and other correspondence required by this agreement should be presented.

Section II. The Assignment

(6) Details Of Assignment. The assignment being released from the Assignor and being designated to the Assignee must be described. This agreement is versatile allowing nearly any type of assignment of property, a claim on property, a share of the property, or any other interest that may be transferred from one Entity to another however, the type of assignment and the level of interest that will be granted or made available to the Assignee must be documented.

Section III. Transfer

(7) Fixed Payment.   The Assignor’s designation or release of property or interest may be contingent upon the receipt of a predetermined payment amount. If so, then this must be declared. Include this condition by marking the first checkbox statement then documenting the amount that the Assignee must pay to the Assignor. Once done, define the maximum number of days from the effective date when this payment must be received.

(8) No Payment. If the Assignor will release interest or property without payment from the Assignee then select the second checkbox option in Section III.

(9) Gift . If the assignment being made is considered a gift of the Assignor to the Assignee then select the third checkbox statement.

(10) Other . There are quite a few other conditions or requirements that can be imposed on the Assignee as well as other reasons for this assignment. If none of the three previous statements are adequate descriptions of such reasons or obligations then select the “Other” checkbox and furnish this information to the space available.  

Section IV. Liabilities

(11) Assignment Is Free Of Liens. If the assignment this agreement shall enable will not include an obligation to pay a debt or satisfy an encumbrance then the first statement made in Section IV should be selected by marking the available checkbox.

(12) Assignment Not Free Of Liens. If the concerned assignment has a lien, encumbrance, or debt imposed upon it or there is a claim that must be paid for this assignment to be completed and the Assignee will assume some or all of these obligations with the assignment then select the second checkbox and provide a detailed description of such claims and/or encumbrances.

Section V. 3rd Party Approval

(13) Required Approval. A Third Party (such as a Financial Institution) may need to approve this assignment for it to proceed accordingly. If this is the case, then the “It Is Required” statement should be selected. This status statement must be satisfied with the name of the Third Party whose approval must be obtained and the number of days after the effective date allotted to gain such approval.

(14) No Approval Needed. The second statement in Section V will free both the Assignee and Assignor from seeking a Third Party’s approval to this agreement’s execution. If no approval is required other than the authorizing signature of the Assignor and Assignee then select the second statement.

Section IX. Governing Law

(15) State. The State laws that will be applied to this paperwork must be established. Identify the State whose courts shall enforce this document.

Section XI. Additional Terms

(16) Additional Terms. If there are additional requirements or circumstances that relate to this agreement and obligate or restrict either Party, then discuss them in Section XI.

Section XII Entire Agreement

(17) Assignor Signature. The Assignor who is making this assignment must sign this paperwork once it has been completed with the information it requests.

(18) Assignor Signature Date .

(19) Assignee Signature. The Assignee should review all the definitions supplied to this agreement. If he or she will accept the responsibilities and conditions in this document then the Assignee must provide his or her signature.

(20) Assignee Signature Date.

(21) Third Party Signature. If it has been indicated that a Third Party must approve this assignment by signature then the third signature area must be completed by this Party. If this is a Business then a Signature Representative that has been appointed by the Approving Entity must deliver his or her signature on behalf of the concerned Third Party.

(22) Signature Date Of Third Party.

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Legal Templates

Home Business Assignment Agreement

Assignment Agreement Template

An Assignment Agreement is an effective legal document for transferring contractual obligations. Using an Assignment Contract template makes the process go smoothly.

Published April 9, 2023 | Legally reviewed by Brooke Davis

An assignment agreement may be the best solution if you need or desire to transfer your rights, obligations, and benefits under a contract. Although this legally allowable transfer may seem complicated, using an assignment contract template designed expressly for this purpose can save you time and money. By understanding what an assignment contract does and how it works, you will be better positioned to broker a deal that relieves you of the contractual obligations and earn a profit.

What is an Assignment Agreement?

When to use an assignment agreement, what to include in an assignment agreement, how does assignment of contract work, how to write an assignment agreement, assignment agreement sample.

An assignment agreement effectively transfers the rights and obligations of a person or entity under an initial contract to another. The original party is the assignor, and the assignee takes on the contract’s duties and benefits. It’s often a requirement to let the other party in the original deal know the contract is being transferred.

When not prohibited by the original contract, the assignor steps into the situation and seamlessly continues to fulfill the agreement. Like any  business form , a poorly written assignment agreement may leave the assignor obligated to certain aspects of the deal.

The most common use of an assignment agreement contract occurs when the assignor is no longer able or desires to continue. Rather than leave the initial party, the obligor, without a provider, transfers the assignment contract to another organization.

For example, a small residential trash collection service plans to shutter its operation. Before closing the shop, the business brokers a deal to send their accounts to a curbside pickup company providing similar services. After notifying account holders, the new outfit continues the service.

A reliable assignment contract template is the most cost-effective way to transfer rights, obligations, and benefits. You can create a legally binding assignment contract by inputting the following information.

• Effective Date:  The document must indicate when the transfer of rights and obligations occurs.
• Parties:  Include the full name and address of the assignor, assignee, and obligor (if required).
• Assignment:  Provide details that identify the original contract being assigned.
• Third-Party Approval: If the initial contract requires the approval of the obligor, note the date the approval was received.
• Signatures:  Both parties must sign and date the printed assignment contract template once completed. If a notary is required, wait until you are in the presence of the official and present identification before signing. Failure to do so may result in having to redo the assignment contract.

The person wishing to pass along their contractual obligations and benefits confirms the transfer if permissible. This can be determined by reviewing the original contract. If no clause exists barring a transfer, it is typically allowable. The use of a diligent assignment contract template can significantly simplify the process.

Take note that language may require you to give the obligor notice. If this is the case, you may need to craft a letter of assignment to notify the other party or parties of your intentions. Using a trustworthy letter of assignment template may be prudent to ensure you include all the necessary particulars.

Step 1 – Assignor and Assignee Details

List all of the pertinent information regarding the parties involved in the transfer. This includes full names, addresses, phone numbers, and relevant contact information. This step clarifies who transfers the initial contract and who takes on its responsibilities.

Step 2 – Provide Original Contract Information

Describing and identifying the contract that is effectively being re-assigned is essential. This step avoids any confusion after the transfer has been completed.

Step 3 – Consideration

Provide accurate information regarding the amount the assignee pays to assume the contract. This figure should include taxes and any relevant peripheral expenses. If the consideration is to be paid over a period, indicate the method and installments.

Step 4 – Terms and Conditions

The terms and conditions of any agreement are crucial to a smooth transaction. You must cover issues such as dispute resolution, governing law, whether the obligor needs to approve the deal, and any relevant clauses. Standard clauses are included on a smartly crafted assignment contract template.

Step 5 – Signatures

Both parties must sign the agreement to ensure it is legally binding and that they have read and understood the contract. If a notary is required, wait to sign off in their presence.

A formal assignment agreement template makes the process go smoothly. The template is an accurate guide that ensures all parties complete a valid and legally binding agreement.

Related Business Operations Documents

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Contract Assignment Agreement

About the template.

Rating: 4.8 - 105 votes

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This Contract Assignment Agreement document is used to transfer rights and responsibilities under an original contract from one Party, known as the Assignor, to another, known as the Assignee. The Assignor who was a Party to the original contract can use this document to assign their rights under the original contract to the Assignee, as well as delegating their duties under the original contract to that Assignee. For example, a nanny who as contracted with a family to watch their children but is no longer able to due to a move could assign their rights and responsibilities under the original service contract to a new childcare provider.

How to use this document

Prior to using this document, the original contract is consulted to be sure that an assignment is not prohibited and that any necessary permissions from the other Party to the original contract, known as the Obligor, have been obtained. Once this has been done, the document can be used. The Agreement contains important information such as the identities of all parties to the Agreement, the expiration date (if any) of the original contract, whether the original contract requires the Obligor's consent before assigning rights and, if so, the form of consent that the Assignor obtained and when, and which state's laws will govern the interpretation of the Agreement.

If the Agreement involves the transfer of land from one Party to another , the document will include information about where the property is located, as well as space for the document to be recorded in the county's official records, and a notary page customized for the land's location so that the document can be notarized.

Once the document has been completed, it is signed, dated, and copies are given to all concerned parties , including the Assignor, the Assignee, and the Obligor. If the Agreement concerns the transfer of land, the Agreement is then notarized and taken to be recorded so that there is an official record that the property was transferred.

Applicable law

The assignment of contracts that involve the provision of services is governed by common law in the " Second Restatement of Contracts " (the "Restatement"). The Restatement is a non-binding authority in all of U.S common law in the area of contracts and commercial transactions. Though the Restatement is non-binding, it is frequently cited by courts in explaining their reasoning in interpreting contractual disputes.

The assignment of contracts for sale of goods is governed by the Uniform Commercial Code (the "UCC") in § 2-209 Modification, Rescission and Waiver .

How to modify the template

You fill out a form. The document is created before your eyes as you respond to the questions.

At the end, you receive it in Word and PDF formats. You can modify it and reuse it.

Other names for the document: Assignment Agreement, Assignment of Contract Agreement, Contract Assignment, Transfer of Contract Agreement, Transfer of Agreement

Country: United States

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Assignment Agreement

An assignment agreement transfers and assigns one party's property rights to another. In real estate, an assignment agreement will be used by a lessee to assign the remaining term of a lease to a subtenant. Assignment agreements are also frequently found in employment agreements when companies require employees to assign all inventions conceived and developed in the course of their employment to the employer.

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• Supply Agreement [Assignment] - 3DLM Inc. and CancerVax Corp. (Jul 31, 2000)
• Cross-License Agreement [Assignment] - 3DLM Inc., the John Wayne Cancer Institute and CancerVax Corp. (Jul 31, 2000)
• Assignment Agreement - SunnComm Inc., Equity Earnings Corp. d/b/a Designer Products and John D. Aquilino (May 26, 2000)
• Georgia-Atlanta-1777 Ellsworth Industrial Boulevard Assignment and Assumption of and Amendment to Lease Agreement - G&R Inc. and K&G Men's Center Inc. (May 24, 2000)
• Maine-Portland-511 Congress Street Assignment of Lease - Gofish.com Inc., I-many Inc. and October Corp. (May 5, 2000)
• California-San Diego-4562 Alvarado Canyon Road Assignment of Lease - Mission Valley Christian Fellowship of San Diego and Red Envelope Inc. (Apr 18, 2000)
• Contribution, Assignment and Assumption Agreement - InternetStudios.com Inc and OnlineFilmSales.com LLC (Mar 28, 2000)
• Contribution, Assignment and Assumption Agreement - MediaChase Ltd., The Dot to Watch LLC and ReporterTV.com LLC (Mar 28, 2000)
• Contribution, Assignment and Assumption Agreement - MediaChase Ltd. and StudioBuzz.com LLC (Mar 28, 2000)
• Assignment and Distribution Agreement - RheoLogix LLC, Apheresis Technologies Inc. and CytaLogic Corp. (Mar 22, 2000)
• Bill of Sale, Assignment and Assumption Agreement - CAIS Software Solutions Inc. and QuickATM LLC (Mar 2000)
• Master Purchase Order Assignment Agreement - Transcap Trade Finance and Bay Area Multimedia Inc. (Feb 25, 2000)
• Collateral Assignment Agreement - First Union National Bank, Infogrames Entertainment SA, and GT Interactive Software Corp. (Feb 15, 2000)
• Assignment and Assumption Agreement - AHN/FIT Internet LLC and H/W Health & Fitness LLC (Jan 26, 2000)
• Texas-The Woodlands-8401 New Trails Drive Assignment and Assumption of Lease - Pactiv Business Services Inc. and Exult Inc. (Jan 1, 2000)
• Open-Ended Product Agreement [Assignment] - Wade Cook Finnacial Corp. and Never Ending Wealth LP (Dec 15, 1999)
• Servicemark, Trademark and Domain Name Assignment Agreement - Vortexx 2000 LLC and Heyami Ltd. (Dec 7, 1999)
• Security Agreement and Assignment of Account - BankBoston NA and NaviSite Inc. (Dec 3, 1999)
• Assignment of Agreement of Sale - Network Appliance Inc. and BNP Leasing Corp. (Dec 1999)
• License and Assignment Agreement - Sepracor Inc. and Rhone-Poulenc Rorer SA (Sep 30, 1999)
• California-Sunnyvale-1260 Crossman Avenue Agreement of Assignment of Lease - Network Appliance Inc. and Lockheed Martin Corp. (Sep 3, 1999)
• Assignment Agreement - Sepracor Inc. and Georgetown University (Aug 25, 1999)
• Massachusetts-Boston-200 Portland Street Assignment of Leasehold Estate - Invention Machine Corp. and CCBN.com Inc. (Jun 2, 1999)
• Assignment Agreement - IDT Corp. and Net2Phone Inc. (May 7, 1999)
• Assignment and Marketing Agreement - IntraLinks Inc. and Ernst & Young LLP (Apr 13, 1999)
• Research and Assignment and License Agreement - Ixsys Inc. and MedImmune Inc. (Feb 24, 1999)
• Assignment, Assumption and Release Agreement - Texaco Inc., TRC Realty Co. and Learjet Inc. (Feb 17, 1999)
• Assignment of License Agreements - Hansen's Juice Creations LLC and Fresh Smoothie LLC (Feb 1999)
• Assignment and Assumption of Lease - The Roda Group Venture Development Company LLC and Ask Jeeves Inc. (Jan 1, 1999)
• Asset Assignment Agreement - NaviSite Internet Services Corp. and NaviSite Inc. (Dec 28, 1998)
• Split-Dollar Collateral Assignment - The Primadonna Corp. and Gary and Carolee Primm (Dec 22, 1998)
• Software Assignment and Grant Back Limited License Agreement - Netgateway, Pinamar Corp. and UniNet Imaging Inc. and Shopping Planet (Nov 16, 1998)
• Assignment and Assumption Agreement and Release - CAIS Inc., CGX Communications Inc. and Evans K. Anderson (Oct 2, 1998)
• Assignment and Assumption Agreement and Release - CAIS Inc., Cleartel Communications Inc., CGX Communications Inc. and William M. Caldwell IV (Oct 2, 1998)
• Assignment of Limited Partner Interest - Dun & Bradstreet Inc. and The New Dun & Bradstreet Corp. (Jun 15, 1998)
• Trademark Assignment - Web Ignite Corp. and ValueClick LLC (May 1, 1998)
• Assignment of License - S.T.E.P.S. Inc. and NetGateway Inc. (Apr 1, 1998)
• Stock Purchase Assignment - Get Ahead Bookstores Inc., Wade Cook Financial Corp. and Glendon H. Sypher (Jan 1, 1998)
• Employment, Confidential Information and Invention Assignment Agreement - SuperGen Inc. and Joseph Rubinfeld (Jan 1, 1998)
• Trademark Purchase and Assignment Agreement - McGregor II LLC and McGregory International Licensing NV (Oct 31, 1997)
• Deed of Trust (Non-Construction) & Assignment of Rents - ATG Inc., First Bancorp. and Sanwa Bank California (Sep 18, 1997)
• Assignment and Assumption of Interest - Zions Management and Development Co., Airport Hotel Partners LLC and Wade Cook Seminars (Sep 10, 1997)
• Intellectual Property Assignment and License Agreement - Thermage Inc. and Edward W. Knowlton (Jul 30, 1997)
• Quota Purchase and Assignment Agreement - McAfee Associates Inc., McAfee do Brasil Ltda., and Compusul-Consultoria e Comercio de Informatica Ltda. (Apr 14, 1997)
• Asset Purchase and Assignment Agreement - Tier Corp. and Encore Consulting inc. (Dec 31, 1996)
• Master Services Agreement and Intellectual Property Assignment - ARIS Corp. and Microsoft Corp. (Nov 20, 1996)
• Assignment, Software Development and License Agreement - NYSERNet.org Inc. and AppliedTheory Communications Inc. (Oct 1, 1996)
• Assignment and Assumption of Interest - Zions Management and Development Co., Airport Lodging Associates LC and Wade Cook Seminars (Aug 22, 1996)
• California-Walnut Creek-1536 Cypress Avenue Assignment, Assumption and Consent Agreement - KLP Properties Inc. and Faultline Brewing Co. Inc. (Apr 3, 1996)
• Purchase Money Real Estate Mortgage, Assignment, and Security Agreement - ACP-Atrium CG LP and The Wackenhut Corp. (Dec 21, 1995)
• Assignment - Northwest Financial Corp. and Prime Financial Corp. (Aug 17, 1995)
• Sale of Rights Under Software Development and Acquisition Agreement - Adobe Systems Inc. and Thomas Knoll (Mar 31, 1995)
• Master Assignment Agreement - CWM Mortgage Holdings Inc., Independent National Mortgage Corp. and Merrill Lynch Mortgage Capital Inc. (Oct 28, 1994)
• Assignment and License - CL Acquisition Corp., Charles Schwab Corp., Charles Schwab & Co. Inc. and Charles R. Schwab (Jul 30, 1987)
• Letter Agreement re: International Agreement, Domestic Agreement and Assignment and Amendment - Hearst Corp., Popeyes Famous Fried Chicken Inc. and A. Copeland Enterprises Inc. (Sep 17, 1981)
• License Agreement [Assignment and Amendment] - Hearst Corp., A. Copeland Enterprises Inc. and Popeyes Famous Fried Chicken Inc. (Jan 1, 1981)
• Confidential Information and Invention Assignment Agreement - AvantGo Inc.
• Assignment of Invention, Nondisclosure and Noncompetition Agreement - InPhonic Inc.
• Employment, Confidential Information and Invention Assignment Agreement - 51job Inc.
• Non-Competition, Non-Disclosure and Assignment of Inventions Agreement - iVillage Inc. and Nancy Evans
• Employment, Confidential Information, Invention Assignment, and Arbitration Agreement - Conor Medsystems Inc.
• California-Sunnyvale-1195 West Fremont Boulevard Lease [Assignment] - beyond.com and Interwoven Inc.
• At-Will Employment, Confidential Information, Invention Assignment, and Arbitration Agreement - Limelight Networks Inc.
• Assignment of Patents, Trademarks and Copyrights - Block Communications Inc. and Bank of America NA