Assignment Of Contract printable pdf download

IMPORTANT NOTICE: This sample form, ASSIGNMENT OF CONTRACT, is

acceptable to the Dormitory Authority for contractor assignments of contract payments.

This form has important legal consequences, and should be prepared and executed

under the supervision of an attorney. It is the ultimate responsibility of the user and the

user’s attorney to determine the legal sufficiency of the form for the use intended with or

without change. In connection with the use of this form, the Dormitory Authority shall not

be liable for any loss or damage however caused or by whoever used.

DORMITORY AUTHORITY

[project]

[contract description]

JDE#_____________

ASSIGNMENT OF CONTRACT

An Agreement having been made as of [date], by and between the

DORMITORY AUTHORITY OF THE STATE OF NEW YORK, having its

principal office and place of business located at 515 Broadway, Albany, New York

12207, therein and hereinafter referred to as the Authority, and [original contractor]

whose address is ______________________________________________________; and

WHEREAS, [original contractor] intends to assign this Agreement from [original

contractor] to [new contractor]; and

NOW, THEREFORE, the Authority and [original contractor] agree that said

Agreement is hereby further amended as follows:

[original contractor] hereby irrevocably assigns the above Agreement in all

respects to [new contractor], and [new contractor] hereby accepts the assignment

thereof in all respects and the Authority hereby consents to this assignment and,

as assigned, said Agreement is hereby amended so that wherever the name

[original contractor] is used herein they shall mean [new contractor].

Any and all payments made by the Authority to either [original contractor] or

[new contractor] shall be deemed to have been made to both and shall discharge

the Authority from any further liability with regard to said payment. Any liability

of either [original contractor] or [new contractor] to the Authority shall be deemed

to the liability of either or both.

It is further agreed that all terms and conditions of this Agreement, as amended,

shall remain in full force and effect.

Assignment Of Contract