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Contract Assignment Agreement

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Select the name of the state whose law will govern the interpretation of this contract and will be the location of any future disputes related to this contract. This is usually the state where at least one of the Parties resides or does business related to the contract. If this Agreement involves the transfer of land, this would be the state where the land is located.

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CONTRACT ASSIGNMENT AGREEMENT


State of Alabama



This Assigment Agreement (the "Agreement) is entered into by and between ________ (the "Assignor"), having their principal address located at ________, and ________ (the "Assignee"), having their principal address located at ________, both of whom agree to be bound by this Agreement, in consideration of the mutual covenants herein contained and other good and valuable consideration, the sufficiency of which is hereby acknowledged, witnesseth:

WHEREAS, Assignor entered into a Contract, included as an attachment to this Agreement, with ________ (the "Obligor"), referred to hereinafter as "Contract with ________";

WHEREAS, the Contract with ________ has an original expiration date of ________ as may be extended as permitted therein;

WHEREAS, Assignor wishes to assign all of their rights and obligations under the Contract with ________ to Assignee; and

WHEREAS, the necessary verbal consent was obtained from the Obligor on ________;

NOW THEREFORE, Assignor and Assignee agree to the following:



I. Assignor and Assignee hereby agree that the Assignor shall assign all their rights, titles, and interests, and delegate all of their obligations, responsibilities, and duties, in ad to the Contract with ________, to Assignee.


II. Assignee hereby accepts the assignment of all of Assignors obligations, responsibilities, and duties under the Contract and all of Assignors rights, titles, and interests in and to the Contract with ________.


III. Notwithstanding the foregoing, Assignor agrees to defend and indemnify the Obligor from any and all claims,actions, judgments, liabilities, proceedings, and costs, including reasonable attorney's fees and other costs of defense and damages, resulting from Assignors performance prior to the assignment of the contract and resulting from Assignees performance after the assignment of the Contract with ________, provided, however, that after the assignment of the Contract with ________, the State shall first look to Assignee to satisfy all claims, actions, judgments, liabilities, proceedings, and costs, including reasonable attorneys fees and ot her costs of defense and damages resulting from Assignee's performance.


IV. Assignee agrees to indemnify the Obligor from any and all claims, actions, judgments, liabilities, proceedings, and costs, including reasonable attorney's fees, and other costs of defense and damages, resulting from Assignee's performance after the assignment of the Contract with ________.


V. No modification of this Agreement shall be valid unless in writing and agreed upon by all relevant Parties.


VI. In the event any provision of this Agreement is held to invalid, illegal, or unenforceable for any reason, then the Parties agree that such provision shall be deemed to be struck and the remainder of the Agreement shall be enforced as if the struck provision were never included in the Agreement.


VII. This Agreement is governed by the laws of the State of Alabama and both Parties expressly consent to jurisdiction in such courts.



IN WITNESS WHEREOF, the Parties execute the Agreement as follows:



ASSIGNOR:




______________________________________________
________



______________________________________________
Date




ASSIGNEE:




______________________________________________
________



______________________________________________
Date

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CONTRACT ASSIGNMENT AGREEMENT


State of Alabama



This Assigment Agreement (the "Agreement) is entered into by and between ________ (the "Assignor"), having their principal address located at ________, and ________ (the "Assignee"), having their principal address located at ________, both of whom agree to be bound by this Agreement, in consideration of the mutual covenants herein contained and other good and valuable consideration, the sufficiency of which is hereby acknowledged, witnesseth:

WHEREAS, Assignor entered into a Contract, included as an attachment to this Agreement, with ________ (the "Obligor"), referred to hereinafter as "Contract with ________";

WHEREAS, the Contract with ________ has an original expiration date of ________ as may be extended as permitted therein;

WHEREAS, Assignor wishes to assign all of their rights and obligations under the Contract with ________ to Assignee; and

WHEREAS, the necessary verbal consent was obtained from the Obligor on ________;

NOW THEREFORE, Assignor and Assignee agree to the following:



I. Assignor and Assignee hereby agree that the Assignor shall assign all their rights, titles, and interests, and delegate all of their obligations, responsibilities, and duties, in ad to the Contract with ________, to Assignee.


II. Assignee hereby accepts the assignment of all of Assignors obligations, responsibilities, and duties under the Contract and all of Assignors rights, titles, and interests in and to the Contract with ________.


III. Notwithstanding the foregoing, Assignor agrees to defend and indemnify the Obligor from any and all claims,actions, judgments, liabilities, proceedings, and costs, including reasonable attorney's fees and other costs of defense and damages, resulting from Assignors performance prior to the assignment of the contract and resulting from Assignees performance after the assignment of the Contract with ________, provided, however, that after the assignment of the Contract with ________, the State shall first look to Assignee to satisfy all claims, actions, judgments, liabilities, proceedings, and costs, including reasonable attorneys fees and ot her costs of defense and damages resulting from Assignee's performance.


IV. Assignee agrees to indemnify the Obligor from any and all claims, actions, judgments, liabilities, proceedings, and costs, including reasonable attorney's fees, and other costs of defense and damages, resulting from Assignee's performance after the assignment of the Contract with ________.


V. No modification of this Agreement shall be valid unless in writing and agreed upon by all relevant Parties.


VI. In the event any provision of this Agreement is held to invalid, illegal, or unenforceable for any reason, then the Parties agree that such provision shall be deemed to be struck and the remainder of the Agreement shall be enforced as if the struck provision were never included in the Agreement.


VII. This Agreement is governed by the laws of the State of Alabama and both Parties expressly consent to jurisdiction in such courts.



IN WITNESS WHEREOF, the Parties execute the Agreement as follows:



ASSIGNOR:




______________________________________________
________



______________________________________________
Date




ASSIGNEE:




______________________________________________
________



______________________________________________
Date