Request for Consent to Assignment of Contract Template

Consent to assignment refers to allowing a party of a contract to assign a contract and move the obligations to another party. The party of the existing contract, known as the assignor, will pass on the contract to another party, known as the assignee.

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REQUEST FOR CONSENT TO ASSIGNMENT OF CONTRACT

[DATE]

[NAME OF OTHER PARTY TO AGREEMENT]

[OTHER PARTY’S ADDRESS]

Re: Request to Assign [TYPE OF CONTRACT] Contract

Dear [NAME],

As you are aware, [OTHER PARTY COMPANY] entered into a [TYPE OF CONTRACT] contract with [REQUESTING PARTY COMPANY] on or around [DATE] (the “Contract”). The Contract term runs through [DATE] and both parties are obligated to honor the terms of the Contract until that date. Moreover, according to Section [SECTION NUMBER] of the Contract, we cannot assign our rights under the Contract without your consent.

Recently, [EXPLAIN CIRCUMSTANCES GIVING RISE TO ASSIGNMENT]. As such, it would be beneficial for us to be able to assign our rights under the Contract to [NAME OF THIRD PARTY ASSIGNEE] (the “Assignee”). We also believe that assignment of the Contract to the Assignee is of benefit to [OTHER PARTY COMPANY] because [LIST REASONS BENEFICIAL TO OTHER PARTY COMPANY].

In light of the above, we kindly request your written consent to assign any and all rights of ours under the Contract to the above-referenced Assignee.

[In consideration of your consent, we are willing to offer: [(i) payment in the amount of [AMOUNT];] and [(ii) a guarantee of the performance of the Assignee under the Contract.]]

With your signature below, you will consent to our assignment of the Contract to the Assignee. If you should have any questions regarding this matter, or would like to speak directly to the Assignee before making a decision, please do not hesitate to reach out to me directly at [CONTACT INFORMATION].

Sincerely,

[NAME OF REQUESTING PARTY]

On behalf of [OTHER PARTY COMPANY], I hereby consent to the assignment of the Contract in accordance with the above:

_______________________________ _________

Signature Date

_____________________________________________

Name

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Template Documents Disclaimer:

Please read the following carefully. These terms about the templates (“Template Documents”) library (“Template Documents Disclaimer”) govern your use of the Template Documents and supplement the Concord Free Account Terms or the Concord Commercial Terms, whichever may be applicable to you and which is hereby incorporated by reference. All Template Documents are provided on a nonexclusive license basis only for your personal or internal business use for noncommercial purposes, without any right to relicense, sublicense, distribute, assign or transfer such license.  Template Documents are provided without any representations or warranties, express or implied, as to their suitability, legal effect, completeness, timeliness, accuracy and/or appropriateness.  THE DOCUMENTS ARE PROVIDED “AS IS,” “AS AVAILABLE,” AND WITH “ALL FAULTS,” AND WE AND ANY PROVIDER OF THE DOCUMENTS DISCLAIM ANY WARRANTIES, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE.  The Template Documents may be inappropriate for your particular circumstances. Furthermore, state laws may require different or additional provisions to ensure the desired result. You should consult with legal counsel to determine the appropriate legal or business documents necessary for your particular transactions as the Template Documents are only samples and may not be applicable to a particular situation.