Assignment Agreements

An Assignment Agreement is a legal document that allows one party (the assignor) to transfer their rights or obligations under a contract to another party (the assignee). This means the assignee takes over responsibilities or benefits originally held by the assignor. For example, if you have a lease but want to let someone else take it over, you’d use an Assignment Agreement. This document ensures that everyone understands the change and protects the interests of all involved parties, making the transition smooth and legally sound.