CONTRACT ASSIGNMENT

This Agreement is made on this [Effective Date] by and between [Your Company Name], [Your Company Address], hereinafter referred to as the "Assignor," and [New Consultant's Name], [New Consultant's Address], hereinafter referred to as the "Assignee," together referred to as the "Parties."

RECITALS

The Assignor is a party to a certain contract dated [Date of Original Contract] (the 'Original Contract') with [Major Technology Company Name], [Major Technology Company Address] (hereafter referred to as the "Obliger"). The Assignor has unexpectedly experienced circumstances that necessitate the re-assignment of the Original Contract.

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ASSIGNMENT

The Assignor hereby assigns, transfers, and conveys to the Assignee, and its successors and assigns, all rights, title, and interest held by the Assignor in and to the Original Contract, along with all of its obligations, duties, and liabilities under such Original Contract.

• Assignment Clause:

Assignor hereby agrees to assign, transfer, and convey to Assignee all of its rights, interests, and obligations under the original contract, as described in Exhibit A attached hereto.

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Exhibit A: Table of Contents (Original Contract)

1. Title of Original Contract: "Software Development Agreement"

2. Effective Date: January 1, 2060

3. Parties to the Original Contract:

   • Party A: XYZ Tech Solutions, Inc.

   • Party B: ABC Software Development, Ltd.

4. Description of Contractual Obligations:

   • Development, testing, and delivery of custom software solution

   • Provision for ongoing technical support and maintenance

5. Terms and Conditions:

   • Payment Terms:

     • Total payment of $100,000 in installments

   • Duration:

     • Valid for 12 months from effective date

   • Termination Clause:

     • Either party may terminate with 30 days written notice for non-fulfillment of obligations

6. Scope of Work:

   • Development of a web-based inventory management system

   • Features: real-time tracking, reporting, user authentication

   • Scalable, secure, and compatible with various devices and browsers

7. Consideration:

   • XYZ Tech Solutions agrees to pay agreed-upon fees outlined in payment terms

8. Additional Provisions:

   • Confidentiality:

     • Both parties agree to keep proprietary information confidential

   • Intellectual Property Rights:

     • XYZ Tech Solutions owns all IP rights upon full payment

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OBLIGATIONS AND RESPONSIBILITIES

The Assignee agrees to perform all obligations and responsibilities under the Original Contract, which are hereby incorporated by reference, beginning on [New Consultant's Start Date] or until the completion of the project, unless otherwise extended by mutual agreement.

INDEMNIFICATION

The party known as the Assignor pledges to protect and indemnify the party known as the Assignee from any financial or legal obligations that may arise from any claim or cause of action. This obligation also includes any liability that might be imposed upon the Assignee as a consequence of any deeds, omissions, or false statements made by the Assignor preceding the implementation of this Assignment. The Assignor assents to bear all costs and damages resulting from these, thereby keeping the Assignee free from harm or fiscal responsibility.

NOTICES

Under this Agreement, any notifications or requirements that need to be communicated shall be conveyed in a written form. The written notices or demands should be dispatched to the Parties concerned at the mailing addresses that each Party respectively uses.

JURISDICTION GOVERNING LAW

The Agreement that has been settled upon, will be under the jurisdiction and interpretation of the laws that are established within the confines of the mentioned jurisdiction or country. These laws will be the guideline to ensure that this Agreement is followed correctly and lawfully as specified by the regulations of the stated jurisdiction or country.

ENTIRE AGREEMENT

This Assignment of Contract represents the absolute and comprehensive agreement between the involved Parties. It surpasses and makes obsolete all preliminary conversations, dealings, and agreements that may have occurred before this, irrespective of whether those discussions or agreements were verbal or put down in writing.

AMENDMENT

This Agreement cannot be altered, amended, or modified, except by a written instrument executed by the Parties.

1. Limitation on Modifications:

   Any changes to this Agreement require the explicit consent of all involved parties, which must be formally documented in writing to ensure clarity and enforceability.

2. Formal Amendment Procedure:

   Modifications to this Agreement must be made through a written instrument signed by all Parties involved, maintaining transparency and accountability in the amendment process.

SIGNATURES

This Agreement shall be effective as of the date first above written. The persons below warrant that they are authorized to act on behalf of their respective corporations in connection with this Agreement.

[ASSIGNOR'S NAME]

[DATE SIGNED]

[ASSIGNEE'S NAME]

[DATE SIGNED]

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