This agreement serves to assign one party’s interest in a contract to a third-party, thereby typically releasing the assigning party from any further liability thereunder. In Texas, an assignment does not have to necessarily be agreed to by the second party to the contract unless the contract says otherwise, or if the contract calls for certain specific personal obligations. However, it is good practice to get all parties to sign off on the assignment in order to secure an adequate release of liability in favor of the assigning party.

Price: $75