assignment of goods synonym

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Contract Assignment Agreement

Rating: 4.8 - 105 votes

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 .

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Synonyms and antonyms of assignment in English

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Lofty ideas, etc. are of a high moral standard.

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Legal Templates

Home Assignment Agreement

Assignment Agreement Template

Use our assignment agreement to transfer contractual obligations.

Updated February 1, 2024 Written by Josh Sainsbury | Reviewed by Brooke Davis

An assignment agreement is a legal document that transfers rights, responsibilities, and benefits from one party (the “assignor”) to another (the “assignee”). You can use it to reassign debt, real estate, intellectual property, leases, insurance policies, and government contracts.

What Is an Assignment Agreement?

What to include in an assignment agreement, how to assign a contract, how to write an assignment agreement, assignment agreement sample.

Partnership Interest

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. It’s essential to create this form thoughtfully, as a poorly written assignment agreement may leave the assignor obligated to certain aspects of the deal.

The most common use of an assignment agreement occurs when the assignor no longer can or wants to continue with a contract. Instead of leaving the initial party or breaking the agreement, the assignor can transfer the contract to another individual or entity.

For example, imagine a small residential trash collection service plans to close its operations. Before it closes, the business brokers a deal to send its accounts to a curbside pickup company providing similar services. After notifying account holders, the latter company continues the service while receiving payment.

Create a thorough assignment agreement by including 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.

Review the Contract Terms

Carefully review the terms of the existing contract. Some contracts may have specific provisions regarding assignment. Check for any restrictions or requirements related to assigning the contract.

Check for Anti-Assignment Clauses

Some contracts include anti-assignment clauses that prohibit or restrict the ability to assign the contract without the consent of the other party. If there’s such a clause, you may need the consent of the original parties to proceed.

Determine Assignability

Ensure that the contract is assignable. Some contracts, especially those involving personal services or unique skills, may not be assignable without the other party’s agreement.

Get Consent from the Other Party (if Required)

If the contract includes an anti-assignment clause or requires consent for assignment, seek written consent from the other party. This can often be done through a formal amendment to the contract.

Prepare an Assignment Agreement

Draft an assignment agreement that clearly outlines the transfer of rights and obligations from the assignor (the party assigning the contract) to the assignee (the party receiving the assignment). Include details such as the names of the parties, the effective date of the assignment, and the specific rights and obligations being transferred.

Include Original Contract Information

Attach a copy of the original contract or reference its key terms in the assignment agreement. This helps in clearly identifying the contract being assigned.

Execution of the Assignment Agreement

Both the assignor and assignee should sign the assignment agreement. Signatures should be notarized if required by the contract or local laws.

Notice to the Other Party

Provide notice of the assignment to the non-assigning party. This can be done formally through a letter or as specified in the contract.

File the Assignment

File the assignment agreement with the appropriate parties or entities as required. This may include filing with the original contracting party or relevant government authorities.

Communicate with Third Parties

Inform any relevant third parties, such as suppliers, customers, or service providers, about the assignment to ensure a smooth transition.

Keep Copies for Records

Keep copies of the assignment agreement, original contract, and any related communications for your records.

Here’s a list of steps on how to write an assignment agreement:

Step 1 – List the Assignor’s and Assignee’s Details

List all of the pertinent information regarding the parties involved in the transfer. This information includes their full names, addresses, phone numbers, and other relevant contact information.

This step clarifies who’s transferring the initial contract and who will take on its responsibilities.

Step 2 – Provide Original Contract Information

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

Step 3 – State the 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 assignee will pay the consideration over a period, indicate the method and installments.

Step 4 – Provide Any 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, obligor approval, and any relevant clauses.

Step 5 – Obtain 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.

Related Documents

• Sales and Purchase Agreement : Outlines the terms and conditions of an item sale.
• Business Contract : An agreement in which each party agrees to an exchange, typically involving money, goods, or services.
• Lease/Rental Agreement : A lease agreement is a written document that officially recognizes a legally binding relationship between two parties -- a landlord and a tenant.
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Free Assignment Agreement Template for Microsoft Word

Download this free Assignment Agreement template as a Word document to officially facilitate the assignment of goods, IP, etc to another person.

Assignment Agreement

[Insert name] of [Insert address] (the “Assignor “)

assigns to [Insert name] of [Insert address] (the “Assignee “) the following: [Insert details of what is being assigned]

In consideration thereof, the Assignor acknowledges receipt of $__________ paid by cash by the Assignee.

It is agreed that this Assignment will enure to the benefit of and be binding upon the parties to this Assignment, their heirs, executors, administrators, successors and assigns, respectively.

This Agreement will be construed in accordance with and governed by the laws of [Insert country]

SIGNED BY THE ASSIGNOR ________________________________ Assignor: _________________________

in the presence of (Name of witness) _______________________

(Signature of witness) ___________________________________

SIGNED BY THE ASSIGNEE ________________________________ Assignee: _________________________

in the presence of (Name of witness) ___________________

(Signature of witness) _______________________________

Related Documents

Advertising agreement, arbitration agreement, barter agreement, business sale agreement.

Synonyms of goods

• as in merchandise
• as in qualification
• as in things
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Thesaurus Definition of goods

Synonyms & Similar Words

• merchandise
• commodities
• durable goods
• qualification
• credentials
• proficiency
• potentiality
• suitability
• strong suit
• suitableness
• personal effects
• personal property
• paraphernalia
• furnishings
• appointments

Antonyms & Near Antonyms

• real estate

Phrases Containing goods

• deliver the goods
• sell a bill of goods to

Thesaurus Entries Near goods

good-tempered

Cite this Entry

“Goods.” Merriam-Webster.com Thesaurus , Merriam-Webster, https://www.merriam-webster.com/thesaurus/goods. Accessed 25 Aug. 2024.

More from Merriam-Webster on goods

Nglish: Translation of goods for Spanish Speakers

Britannica English: Translation of goods for Arabic Speakers

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  Vocabulary      

What is another word for Assignment ?

Synonyms for assignment əˈsaɪn mənt as·sign·ment, this thesaurus page includes all potential synonyms, words with the same meaning and similar terms for the word assignment ., princeton's wordnet rate these synonyms: 0.0 / 0 votes.

assignment, duty assignment noun

a duty that you are assigned to perform (especially in the armed forces)

"hazardous duty"

Synonyms: appointment , assigning , duty assignment , assignment , designation , grant , naming

assignment noun

the instrument by which a claim or right or interest or property is transferred from one person to another

Synonyms: appointment , assigning , duty assignment , designation , grant , naming

assignment, assigning noun

the act of distributing something to designated places or persons

"the first task is the assignment of an address to each datum"

grant, assignment noun

(law) a transfer of property by deed of conveyance

Synonyms: duty assignment , appointment , subsidisation , assigning , designation , naming , assignment , grant , concession , subsidization

an undertaking that you have been assigned to do (as by an instructor)

appointment, assignment, designation, naming noun

the act of putting a person into a non-elective position

"the appointment had to be approved by the whole committee"

Synonyms: duty assignment , appellation , appointment , date , appellative , assigning , designation , appointee , identification , assignment , naming , grant , fitting , engagement , denomination

Matched Categories

• Legal Document
• Transferred Property
• Undertaking

Editors Contribution Rate these synonyms: 0.0 / 0 votes

duty, homework, job, responsibility, task, chore, schoolwork

1. a piece of work that needs to be done regularly 2. something assigned to be read or studied

1. his first newspaper assignment was writing obituaries 2. have you found essay writer to write an assignment for tomorrow?

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pieces of work

because a assignment/task is an piece of work.

we need to finish our work: we need to finish our assignment.

Dictionary of English Synonymes Rate these synonyms: 0.0 / 0 votes

Synonyms: appointment , allotment , apportionment

Synonyms: ( Law. ) transfer , conveyance

Synonyms, Antonyms & Associated Words Rate these synonyms: 0.0 / 0 votes

Synonyms: transfer , conveyance , apportionment , appointment , allotment , allocation , emplacement , determination specification , adducing

PPDB, the paraphrase database Rate these paraphrases: 0.0 / 0 votes

List of paraphrases for "assignment":

allocation , developmental , assignments , assigning , divestiture , transfer , cession , mapping , development , allocations , posting , mission , relinquishment , conveyance , stations , attribution , mappings , allotment , allocating , assign , surrender , placement , subpoena , task , earmarking , award , transfers , appointment , disposal , dispatch , postings

Suggested Resources

Song lyrics by assignment -- Explore a large variety of song lyrics performed by assignment on the Lyrics.com website.

How to pronounce Assignment?

How to say assignment in sign language, usage in printed sources from:  .

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Words popularity by usage frequency

How to use Assignment in a sentence?

Tony Hicks :

Turkey is a country with a dynamic breaking news agenda, top level sports and rich historical traditions. In Lefteris Pitarakis, AP has an experienced, creative and hard-working photographer with all the attributes needed to make his assignment there a massive success.

Israel Defense Forces :

Israeli forces shot Shireen Abu Akleh in the head while she was on assignment in Jenin.

Frank Harvey :

She said my project would be perfectly fine, i presented the video to the class and took a few questions from my classmates. My presentation went over well. The whole idea of the assignment was to expose students to an idea they hadn't considered before.

Robert Mueller :

My staff and I carried out this assignment with that critical objective in mind : to work quietly, thoroughly, and with integrity so that the public would have full confidence in the outcome.

Joshua Greene :

A lot of the pictures were just candids that he shot at an unexpected [time], [That occurred] during the shoot or even between when she was just sitting around and having a cup of tea or coffee or when she was casually relaxing… She was always comfortable with Milton. He wanted to take pictures of her almost as a character actress [in costume]… And these photos weren’t for a particular assignment. They were explorations… In time he got to know her in a more intimate way and she got to see herself portrayed in ways other than Hollywood style.

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• assignation noun
• assigned adj
• assignee noun
• assigning noun
• Assignment noun
• assignments
• assignmnets
• assignor noun

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Synonyms for Completion of assignments

47 other terms for completion of assignments - words and phrases with similar meaning.

Alternatively