Short form letter of assignment

The following Commercial precedent provides comprehensive and up to date legal information covering:

  • Short form letter of assignment

Short form letter of assignment

[On headed notepaper of the assignor]

To: [Insert name and address of Assignee]

[Insert date]

Dear [insert name of Assignee]

Assignment of contract

We refer to the agreement between [insert name of other party to the contract being assigned] and [insert name of Assignor] (Assignor) relating to [insert specific purpose of agreement][, as amended from time to time,] dated [insert date] (Contract), a copy of which is annexed to this Letter and initialled by the parties to this Letter. [As part of an internal reorganisation of our group of companies OR As a result of [insert the business background to the proposed assignment]], the Assignor proposes to assign its rights under the Contract to [insert the name of Assignee] a company incorporated in [England and Wales] under number [insert registered number] whose registered office is at [insert address] (Assignee) on the following terms set out in this letter agreement (Letter):

    1. 1

      Assignment

      1. 1.1

        The Assignor hereby acknowledges receipt of £[insert amount] from the Assignee in consideration of the Assignor entering into this Letter. The parties acknowledge and agree that this amount constitutes sufficient and adequate consideration for the purposes of this Letter.

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