NOTICE OF ASSIGNMENT OF CONTRACT TEMPLATE FAQ

What is a notice of assignment of contract?

A Notice of Assignment of Contract is a written notice informing the other party to a contract that one party (the “Assignor”) has transferred its rights (and, if applicable, certain obligations) under the contract to another party (the “Assignee”). It identifies the assigned contract and states where future performance, payments, and notices should be directed.

Is a notice the same as an assignment agreement?

No. The assignment agreement is the contract that transfers rights between the assignor and assignee. The notice is a communication to the counterparty. If the original contract requires consent to assign, the parties may need written consent or a novation in addition to this notice.

When should you send the notice?

Send it promptly after the assignment is signed (or as soon as the contract allows). If payments or performance need to be redirected, sending the notice early helps prevent misdirected payments and confusion.

What should be included in the notice?

Include the contract name and date, the parties, the effective assignment date, what has been assigned (rights, payments, performance), updated contact/payment details, and a request for acknowledgment if you want confirmation.

Does the counterparty have to accept the assignment?

It depends on the contract and applicable law. Some assignments are permitted without consent, while others (especially personal services contracts) require consent. This notice does not replace consent if it’s required.

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