Assignment (or transfer) of contracts is a ticklish subject. You have to get it right otherwise you might encounter problems further down the track. Generally, if you only need, have or can obtain consent to transfer from some, not all, of the parties, assignment agreements are likely to be the solution. Closely related to assignment is novation.
This template allows an assignment of contracts between two parties. It can be used to transfer a wide range of contracts, but is particularly suitable for assigning customer contracts to the buyer of a business. Also included with the agreement is a letter template to customers informing them of the assignment.
This deed of assignment transfers the rights to an insurance policy or endowment policy to another party. It can be used when gifting or selling the policy, or as part of a settlement of a divorce or separation. It is easy to complete.
This deed of assignment transfers an endowment or other life assurance policy from trustees to beneficiary. It includes a template notice to the insurer that the policy has been transferred. The document is easy to complete.
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