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An Assignment of Contract lets you transfer your rights and obligations under a contract to someone else. Think of it like passing the baton in a relay race - you're handing over your position in the agreement to another party, with the original contract terms staying intact.

Under Canadian contract law, most agreements can be assigned if all parties agree and the contract doesn't specifically forbid it. Common examples include transferring lease agreements, construction contracts, or purchase orders. The original party must get written consent from both the other contract party and the new assignee, making sure everyone understands their new roles and responsibilities.

Consider using an Assignment of Contract when you need to transfer your contractual rights and duties to another party. This commonly happens during business sales, when companies restructure, or if you're selling property with ongoing service agreements attached.

The assignment proves especially valuable in Canadian commercial leases, construction projects, and supply chain agreements. For example, if you're selling your business but want to keep valuable supplier contracts in place, an assignment lets you transfer those agreements to the new owner. It's also useful when bringing in subcontractors or reorganizing business units while maintaining existing client relationships.

• Assignment Fee Contract: Basic form used when transferring contract rights for a fee, common in real estate and business sales
• Assignment Of Agreement Addendum: Adds or modifies terms to an existing assignment, useful for updating conditions or parties
• Assignment Of Construction Contract To Lender: Specialized version for transferring construction agreements to financial institutions
• Assignment Of Judgment Agreement: Used to transfer rights to collect on a legal judgment to another party

• Business Owners: Often initiate Assignment of Contract agreements when selling their company or transferring business relationships to new owners
• Corporate Lawyers: Draft and review assignments to ensure legal compliance and protect client interests
• Property Developers: Use assignments to transfer construction contracts, service agreements, or development rights
• Financial Institutions: Accept assignments as security for loans or during refinancing arrangements
• Contract Administrators: Manage the assignment process and ensure all parties understand their new roles and obligations
• Original Contract Parties: Must consent to the assignment and continue performing under the original terms

• Original Contract Review: Gather the complete original contract and verify it allows for assignment
• Party Details: Collect legal names, addresses, and contact information for all parties involved, including the assignee
• Scope Definition: Clearly outline which rights and obligations are being transferred
• Consent Documentation: Obtain written approval from the original contract parties
• Effective Date: Determine when the assignment takes effect and any conditions that must be met first
• Payment Terms: Document any compensation or consideration for the assignment
• Using Our Platform: Generate a legally sound Assignment of Contract that includes all required elements and meets Canadian legal standards

• Identification: Full legal names and addresses of all parties - assignor, assignee, and original contract parties
• Original Contract Details: Reference to the original agreement including date, parties, and subject matter
• Assignment Scope: Clear description of rights and obligations being transferred
• Consideration: Specified payment or value exchange for the assignment
• Effective Date: When the transfer takes effect
• Consent Clause: Written agreement from all parties to the assignment
• Governing Law: Specify applicable Canadian jurisdiction
• Signatures: Designated spaces for all parties to sign and date
• Notice Provisions: How and where formal communications should be sent

An Assignment of Contract is often confused with a Subcontractor Agreement, but they serve distinct purposes in Canadian business law. While both involve transferring work responsibilities, they operate quite differently in practice.

• Transfer of Rights: Assignment completely transfers all contract rights and obligations to a new party, while subcontracting only delegates specific tasks while maintaining the original contractual relationship
• Legal Responsibility: In an assignment, the assignee becomes directly responsible to all parties. With subcontracting, the original contractor remains primarily liable for the work
• Consent Requirements: Assignments typically need explicit consent from all original parties, while subcontracting often only requires notification unless specifically prohibited
• Duration: Assignments permanently transfer the entire contract, while subcontracting arrangements are usually temporary and limited to specific project components