paid contract

Assignment of Contract

This Assignment of Contract, dated this , is made between , (hereinafter referred to as the Assignor), and , (hereinafter referred to as the Assignee).

The purpose of this Agreement is to transfer and assign to the Assignee all of the Assignors rights and obligations as stated in the original contract between the Assignor and .

1. Assignment and Obligations.

The Assignor hereby assigns and transfers to the Assignee all rights and obligations of the Assignor arising out of the original contract between the Assignor and , dated and entitled . The Assignee hereby assumes all rights and obligations of the Assignor as set forth in the original contract.

The Assignor further agrees to provide the Assignee with a copy of the original contract upon execution of this Agreement and all other information necessary to enforce the Assignors rights and fulfill the Assignors contractual obligations as set forth in the original contract.

2. Disputes.

In the event of any dispute or disagreement between the Assignor and the Assignee related to the terms of this Agreement or the rights and obligations of either party, the parties agree to arbitrate the dispute or disagreement in accordance with applicable arbitration rules and laws.

3. Indemnification.

The Assignor agrees to indemnify and hold harmless the Assignee from and against any and all liability and damages that may arise from or relate to the performance of the Assignors obligations under the original contract or this Agreement.

4. Governing Law.

This Agreement shall be construed and enforced in accordance with the laws of the jurisdiction.

In Witness Whereof, the parties have placed their signatures below on this .

Assignor

Assignee