Request for Consent to Assignment of Contract Template

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

 PAGE 

PAGE 1