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Assignment Of Contract Template
I need an Assignment Of Contract Template to transfer our software licensing agreement with TechCorp to our new subsidiary company, with completion planned for March 2025 and including specific warranties about existing intellectual property rights.
1. Parties: Identifies the assignor, assignee, and other relevant parties
2. Background: Explains context and purpose of the assignment
3. Definitions: Defines key terms used throughout the document
4. Assignment: Core clause detailing what is being assigned
5. Consideration: States the consideration for the assignment
6. Warranties: Assignor's warranties regarding the assigned contract
7. Execution: Signature blocks and execution formalities
1. Conditions Precedent: Used when the assignment is conditional on certain events occurring before completion
2. Third Party Consents: Section detailing required third party approvals and consent requirements
3. Indemnities: Additional protection provisions for the assignee against pre-existing liabilities
4. Future Assurance: Obligations to perform further acts if needed to perfect the assignment
1. Schedule 1 - Original Contract: Copy of the contract being assigned
2. Schedule 2 - Consent Letters: Copies of third party consents (if applicable)
3. Schedule 3 - Notice of Assignment: Form of notice to be given to relevant parties
4. Schedule 4 - Outstanding Obligations: List of remaining obligations under the original contract
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