General Contract Assignment
Hand a contract to someone else, and record where consent stands.
Transfer your rights and duties under a contract to someone else.
- Business / Legal document
- Customizable
- Lawyer reviewed
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Key features
Identify the contract
Give its title, its date and the other party, and a short description of it.
All or part
Hand over everything under the contract, or only the part you describe.
Record the consent position
Say whether consent is required and whether it has been obtained. “I don't know” is a normal answer.
Obligations and payment
Note whether the person assigning stays liable and any payment for the assignment.
Only the parties sign
The other party to the contract is named but is not a party to this document.
A lawyer reviews it before it is used
Your answers are prepared into a draft and reviewed by a qualified lawyer, rather than handed back to you as a finished form.
About this document
A general contract assignment moves a party's rights, and sometimes obligations, under an existing contract to someone else. It identifies the contract, says what is handed over and records the date it takes effect.
Many contracts say an assignment needs the other party's consent. The builder asks about it and records the answer, including “I don't know”, rather than guessing.
The document never says the assignment works without consent. Whether it does depends on the contract and the law, which a lawyer checks.
Is this document right for you?
Useful when
- You are selling a business and its contracts are moving with it
- You want someone else to take over your side of an agreement
- Part of a contract, such as a payment right, is being transferred
- You need to record whether the other side has agreed
Commonly used by
- Business owners selling or restructuring
- Contractors passing on a job
- Landlords transferring a lease interest
- Anyone transferring a right under a contract
Not sure? about your situation first.
Alternatives
These are separate documents, for different jobs.
- Contract AddendumAdd or change terms in an existing contract.View document
- Contract amendmentChange the terms of a contract that's already signed.View document
- Letter of IntentState the main terms two parties intend to agree.View document
- Client service agreementsSet the scope, fees and terms of work for a client.View document
When to use this
- When a business is sold and a supplier contract moves to the buyer
- When one contractor hands a project to another
- When only the right to be paid is transferred
What happens next
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More in Modifying & Assigning a Business Agreement
- Contract AddendumAdd or change terms in an existing contract.View document
- Contract amendmentChange the terms of a contract that's already signed.View document
- LLC formationPrepare the paperwork to register a limited liability company.View document
- Founder agreementsAgree roles, equity and decisions between co-founders.View document
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Questions
About the general contract assignment
It is a document transferring a party's rights, and sometimes obligations, under an existing contract to someone else.
Still have a question? .