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Assignment Of Construction Contract Template
I need an Assignment Of Construction Contract Template to transfer our rights under a residential development project from ABC Construction Ltd to XYZ Developers Ltd, with the assignment to take effect from 1st March 2025 and including provisions for outstanding payment claims.
1. Parties: Details of the Assignor, Assignee, and Original Contractor
2. Background: Context of the original construction contract and reason for assignment
3. Definitions: Key terms used throughout the assignment agreement
4. Assignment: Core provisions detailing what is being assigned and when it takes effect
5. Consideration: Details of payment or other consideration for the assignment
6. Warranties: Assignor's warranties regarding the contract being assigned
7. Execution: Signature blocks and execution provisions
1. Consent of Original Contractor: Required if original contract requires consent for assignment
2. Security Provisions: Details of any security arrangements when assignment is for security purposes
3. Novation Provisions: Provisions for when some obligations need to be transferred rather than just rights
1. Original Construction Contract: Copy of the contract being assigned
2. List of Project Documents: Schedule of all relevant project documentation being transferred
3. Consent Documentation: Any required third-party consents or approvals
4. Outstanding Claims Schedule: List of any existing claims or disputes under the original contract
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