Assignment of Purchase Order

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This Assignment of Purchase Order will effectively assign a purchase order, and all rights thereunder, to another party. This assignment can easily be tailored to fit your unique business needs.

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This Assignment of Purchase Order will effectively assign a purchase order to another party. This assignment sets forth the date of the original agreement, name and address of both the assignor and assignee and the identity of the supplier referred to in the purchase order. It also sets forth that all rights, title and interest to the products which are the subject of the order are assigned. A written Assignment of Purchase Order will prove invaluable in the event there are disagreements or misunderstandings as to who should make payments or in the event of payment default.

This Assignment of Purchase Order contains the following:
  • Parties: Sets forth the name and address of both the assignor and assignee;
  • Order Information: Sets out the date, number and the name of the supplier under the purchase order;
  • Assignment: Sets forth that all rights and interest of the assignor under the purchase order are now assigned to assignee and that all terms of the purchase order remain in effect;
  • Signatures: This assignment must be signed by assignor and assignee in front of witnesses. This assignment must also be acknowledged by signature of the supplier.

Protect your rights and your property by using our attorney-prepared forms.

This attorney-prepared packet contains:
  1. General Information
  2. Assignment of Purchase Order
State Law Compliance: This form complies with the laws of all states
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Assignment of Purchase Order

 

 

THIS ASSIGNMENT made as of [Date of Agreement (ie. July 1, 2002)] between [Name of Assignor] (the "Assignor") of [Address of Assignor] and [Name of Assignee] (the "Assignee") of [Address of Assignee].
WHEREAS:
(A)   By a purchase order dated [Date of Purchase Order] bearing number [Purchase Order Number] (the “Purchase Order”), the Assignor ordered in accordance with the terms and conditions set out therein from [Name of Supplier of Products Referred to in Purchase Order] (the “Supplier”) the equipment listed and described in the said Purchaser Order (the “Equipment”);
(B)   The Assignor has agreed to assign all its right, title and interest under the Purchase Order to The Assignee, subject to the terms and conditions of this Assignment;
NOW THEREFORE in consideration of the recitals, the mutual covenants hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows:
1.   The Assignor hereby sells, assigns, transfers and sets over unto The Assignee all the right, title and interest of the Assignor under the Purchase Order, including, without limitation, the right to accept delivery of the Equipment pursuant to the Purchase Order, the right to take title thereto and to be named the purchaser in the invoices, any related bills of lading and shipping documents issued with respect to the Equipment.
2.   The Assignor warrants, covenants and agrees:
(a)   that it has done no act to encumber the Purchase Order or the Equipment subject thereto, that no payment has been made under the Purchase Order which would entitle it to any right of ownership in any of the Equipment subject thereto, and that the Purchase Order is in good standing;
(b)   upon the written request of The Assignee to promptly and duly execute and deliver any and all such further documents and take such further acts as The Assignee may reasonably require;
(c)   that the Purchase Order is in full force and effect and is enforceable according to its terms and that neither it nor the Supplier are in default thereunder; and
(d)   that the Purchase Order has not been pledged or assigned to any other party and that it is entitled to assign the same as herein provided.
3.   The Assignee undertakes to the entire exoneration of the Assignor that it will pay the purchase price of the Equipment as provided in the Purchase Order.
4.   If the Assignor has paid the Supplier a deposit or an advance upon the purchase price of the Equipment, the Assignee agrees to pay the amount of such deposit or advance to the Assignor.
IN WITNESS WHEREOF the parties hereto have executed this Assignment as of the date first above written.
 
 
 
 
Witness
 
[NAME OF ASSIGNOR]
 
 
 
 
Witness
 
[NAME OF ASSIGNEE]
 
Acknowledgement
 
 
The undersigned hereby:
1.   acknowledges, consents and accepts the assignment of the Purchase Order by the Assignor to the Assignee and the terms and conditions of the foregoing Assignment; and
2.   confirms that title to the Equipment remains vested in it as of the date of the Assignment and that it has received no notice of any other assignment of such Purchase Order by the Assignor.
Dated this _____ day of ____________________, 20_____.
 
 
 
 
 
Witness
 
[Name of Supplier]
 
Number of Pages5
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#28823
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Assignment of Purchase Order

 

 

THIS ASSIGNMENT made as of [Date of Agreement (ie. July 1, 2002)] between [Name of Assignor] (the "Assignor") of [Address of Assignor] and [Name of Assignee] (the "Assignee") of [Address of Assignee].
WHEREAS:
(A)   By a purchase order dated [Date of Purchase Order] bearing number [Purchase Order Number] (the “Purchase Order”), the Assignor ordered in accordance with the terms and conditions set out therein from [Name of Supplier of Products Referred to in Purchase Order] (the “Supplier”) the equipment listed and described in the said Purchaser Order (the “Equipment”);
(B)   The Assignor has agreed to assign all its right, title and interest under the Purchase Order to The Assignee, subject to the terms and conditions of this Assignment;
NOW THEREFORE in consideration of the recitals, the mutual covenants hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows:
1.   The Assignor hereby sells, assigns, transfers and sets over unto The Assignee all the right, title and interest of the Assignor under the Purchase Order, including, without limitation, the right to accept delivery of the Equipment pursuant to the Purchase Order, the right to take title thereto and to be named the purchaser in the invoices, any related bills of lading and shipping documents issued with respect to the Equipment.
2.   The Assignor warrants, covenants and agrees:
(a)   that it has done no act to encumber the Purchase Order or the Equipment subject thereto, that no payment has been made under the Purchase Order which would entitle it to any right of ownership in any of the Equipment subject thereto, and that the Purchase Order is in good standing;
(b)   upon the written request of The Assignee to promptly and duly execute and deliver any and all such further documents and take such further acts as The Assignee may reasonably require;
(c)   that the Purchase Order is in full force and effect and is enforceable according to its terms and that neither it nor the Supplier are in default thereunder; and
(d)   that the Purchase Order has not been pledged or assigned to any other party and that it is entitled to assign the same as herein provided.
3.   The Assignee undertakes to the entire exoneration of the Assignor that it will pay the purchase price of the Equipment as provided in the Purchase Order.
4.   If the Assignor has paid the Supplier a deposit or an advance upon the purchase price of the Equipment, the Assignee agrees to pay the amount of such deposit or advance to the Assignor.
IN WITNESS WHEREOF the parties hereto have executed this Assignment as of the date first above written.
 
 
 
 
Witness
 
[NAME OF ASSIGNOR]
 
 
 
 
Witness
 
[NAME OF ASSIGNEE]
 
Acknowledgement
 
 
The undersigned hereby:
1.   acknowledges, consents and accepts the assignment of the Purchase Order by the Assignor to the Assignee and the terms and conditions of the foregoing Assignment; and
2.   confirms that title to the Equipment remains vested in it as of the date of the Assignment and that it has received no notice of any other assignment of such Purchase Order by the Assignor.
Dated this _____ day of ____________________, 20_____.
 
 
 
 
 
Witness
 
[Name of Supplier]
 

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