Consent to Assignment of a Contract
___________________,
and _____________________ referred to as ASSIGNOR, and ______________________,
referred to as ASSIGNEE, agree:
That
______________________ and ASSIGNOR entered into a contract on
________________________for _________________________________
_______________________________, and that the contract requires consent of
_______________________ to assignment by ASSIGNOR of the contract rights and
obligations.
________________________
hereby consents to the assignment of the contract rights and obligations of
ASSIGNOR to ASSIGNEE.
ASSIGNOR, upon such
assumption, shall be discharged from any further obligations under the lease.
That in all other
respects the lease is ratified, and the terms and conditions of the occupation
of ASSIGNEE shall be the same as those of the original lease.
Dated:
______________________
___________________________________
Signatory Consenting
___________________________________
Assignor
___________________________________
Assignee
Consent to Assignment of a Contract
Review List
This review list is provided to inform you about this
document in question and assist you in its preparation. This is a simple consent form that favors the
people seeking the consent since it lets the old obligor off the hook, so to
speak. The signatory consenting may want
to modify this to consent to the agreement but keep the original assignor on
the hook for the obligations of the contract.
This can be written into the contract by stating that “Notwithstanding
the assent to assignment, the original Obligor, referred to herein as the
Assignor, remains fully responsible under the Agreement just as if this
Assignment never took place,” or some such language.
1.
Make
multiple copies. Give one to each
signatory. Keep one with the transaction
file.
If you are seeking the
consent, this is a simple form to send out with a cover letter (or not, as you
choose) relating to the request for approval of the assignment
0 comments:
Post a Comment