Consent Agreement to an Assignment of Sales Agreement

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This Consent Agreement to Assignment of Sales Agreement is used when a buyer under a sales agreement desires to assign it to another and must receive consent from the seller. This agreement can easily be tailored to meet your specific business needs.

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This Consent Agreement to Assignment of Sales Agreement is for use when a buyer under a sales agreement assigns the property or equipment relating to this agreement to another and must receive consent from the original seller. This agreement sets out the parties to the consent agreement and detailed information regarding the original transactions. It also sets forth seller's consent and that assignor releases all rights under the agreement. It is imperative that this type of business transaction be clearly set out in writing. A written Consent Agreement to Assignment of Sales Agreement will prove invaluable in the event there are disagreements or misunderstandings about an assignment of a sales agreement.

This Consent Agreement to Assignment of Sales Agreement includes the following:
  • Parties: Names of the seller and buyer under the conditional sales agreement and name of the assignee;
  • Consent: Sets forth that the seller consents to the terms and conditions of this assignment;
  • Rights: Sets out that seller does not give up any rights under the sale agreement and does not release assignor from liability under the agreement;
  • Signatures: This consent must be signed by the seller, assignor and assignee.

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

This attorney-prepared packet contains:
  1. General Information
  2. Consent Agreement to Assignment of Sales Agreement
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.
 
 
Consent Agreement

 

 

THIS AGREEMENT made as of [Date (ie. July 31, 2002)]
A M O N G:
[NAME OF SELLER UNDER CONDITIONAL SALE AGREEMENT] a corporation incorporated under the laws of the State of [State (ie. California)], with its principal place of business at [Address of Seller]
(the "Seller")
- and -
[NAME OF ASSIGNOR (BUYER UNDER CONDITIONAL SALE AGREEMENT)] a corporation incorporated under the laws of the State of [State (ie. California)], with its principal place of business at [Address of Assignor]
(the "Assignor")
- and -
[NAME OF ASSIGNEE] a corporation incorporated under the laws of the State of [State (ie. California)], with its principal place of business at [Address Of Assignee]
(the “Assignee”)
WHEREAS:
(A)   Pursuant to a Conditional Sale Agreement dated [Date of Conditional Sale Agreement] (the “Conditional Sale Agreement”) between the Seller and the Assignor, the Seller sold to the Assignor certain equipment more particularly described in the Conditional Sale Agreement (the “Equipment”) for use by the Assignor in connection with its operation of its [Describe Business (ie. Computer Consulting)] business at [Address of Business] (the “Business”);
(B)   The Assignor has sold the Business to the Assignee effective [Closing Date of Sale of Business] (the “Effective Date”), and in connection therewith, wishes to assign the Conditional Sale Agreement to the Assignee, and the Assignee wishes to receive an assignment of the Conditional Sale Agreement (the “Assignment”);
(C)   The Conditional Sale Agreement provides that the Conditional Sale Agreement may not be assigned by the Assignor without the prior written consent of the Seller (the “Consent”) first being obtained; and
(D)   the Seller is agreeable to providing the Consent;
NOW THEREFORE in consideration of the mutual covenants and agreements contained herein and for other good and valuable consideration, the receipt of which is hereby acknowledged and the sufficiency of which will not be denied, the parties hereto agree as follows:
1.   Consent. The Seller hereby grants the Consent as of the Effective Date upon and subject to the terms and conditions of this Agreement.
2.   Assignor Remains Liable. The Consent does not in any way derogate from the rights of the Seller under the Conditional Sale Agreement nor operate to release the Assignor from its obligation to pay all amounts becoming due under the Conditional Sale Agreement or for the non-observance or non-performance of all of the terms, covenants and conditions in the Conditional Sale Agreement on the part of the Assignor therein to be observed and performed, and notwithstanding the Assignment, the Assignor shall remain fully liable during the balance of the term of the Conditional Sale Agreement for the observance and performance of all of the terms, covenants and conditions contained in the Conditional Sale Agreement, including the payment of all amounts owing to the Seller.
3.   Release by Assignor. The Assignor hereby releases and waives any and all rights and remedies to which it may be entitled at law, in equity or as buyer under the Conditional Sale Agreement including, without limitation, the right to apply for relief from forfeiture or to obtain any reassignment of the Conditional Sale Agreement.
4.   No Waiver. The Consent does not constitute a waiver of the necessity for consent by the Seller to any further transfer or assignment of the Conditional Sale Agreement (which for the purpose of this Agreement includes any assignment, sale or lease of the Conditional Sale Agreement or parting with all or any part of the Equipment, which must be completed in accordance with the terms of the Conditional Sale Agreement. If the Assignee proposes to effect a further assignment of the Conditional Sale Agreement, the terms of the Conditional Sale Agreement with respect to an assignment shall apply.
5.   Joint and Several Liability. The Consent is given upon the express understanding that the Assignor and the Assignee shall hereafter be jointly and severally responsible for and shall save the Seller harmless and indemnify it from and against all costs including all legal costs incurred by the Seller in connection with the preparation of this Agreement and any additional documentation related thereto and the Seller's consent to the Assignment.
6.   Acknowledgement by Assignee. The Assignee acknowledges and agrees that; (i) it is accepting possession of the Equipment on an "as is" condition as of the Effective Date, (ii) the Seller has no responsibility or liability for making any repairs or alterations in or to the Equipment, and (iii) all further repairs or alterations to the Equipment are the sole responsibility of the Assignee and shall be undertaken and completed at the Assignee's sole cost and expense and strictly in accordance with the provisions of the Conditional Sale Agreement.
7.   Confirmation. The Seller and the Assignor hereby confirm that the Conditional Sale Agreement is a good, valid and subsisting agreement and all payments due thereunder have been duly paid up to the Effective Date and the covenants and conditions therein contained have been duly observed and performed by the Assignor up to the Effective Date.
8.   Successors and Assigns. This Agreement shall be binding upon and enure to the benefit of the parties and their respective heirs, executors, administrators, successors and assigns.
9.   Counterparts. This Agreement may be executed in several counterparts each of which when so executed shall be deemed to be an original and which counterparts together shall constitute one and the same instrument. The parties hereby acknowledge and agree that for the purpose of offer, acceptance and execution of this Agreement, an executed facsimile copy shall constitute an original executed copy.
IN WITNESS WHEREOF the parties hereto have executed this Agreement, as of the date first above written.
 
 
[NAME OF SELLER]
 
 
 
 
Per:
 
 
 
 
Name:   
Title:   
 
 
 
[NAME OF ASSIGNOR]
 
 
 
 
Per:
 
 
 
 
Name:   
Title:   
 
 
 
[NAME OF ASSIGNEE]
 
 
 
 
Per:
 
 
 
 
Name:   
Title:   
 
Number of Pages5
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#28829
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.
 
 
Consent Agreement

 

 

THIS AGREEMENT made as of [Date (ie. July 31, 2002)]
A M O N G:
[NAME OF SELLER UNDER CONDITIONAL SALE AGREEMENT] a corporation incorporated under the laws of the State of [State (ie. California)], with its principal place of business at [Address of Seller]
(the "Seller")
- and -
[NAME OF ASSIGNOR (BUYER UNDER CONDITIONAL SALE AGREEMENT)] a corporation incorporated under the laws of the State of [State (ie. California)], with its principal place of business at [Address of Assignor]
(the "Assignor")
- and -
[NAME OF ASSIGNEE] a corporation incorporated under the laws of the State of [State (ie. California)], with its principal place of business at [Address Of Assignee]
(the “Assignee”)
WHEREAS:
(A)   Pursuant to a Conditional Sale Agreement dated [Date of Conditional Sale Agreement] (the “Conditional Sale Agreement”) between the Seller and the Assignor, the Seller sold to the Assignor certain equipment more particularly described in the Conditional Sale Agreement (the “Equipment”) for use by the Assignor in connection with its operation of its [Describe Business (ie. Computer Consulting)] business at [Address of Business] (the “Business”);
(B)   The Assignor has sold the Business to the Assignee effective [Closing Date of Sale of Business] (the “Effective Date”), and in connection therewith, wishes to assign the Conditional Sale Agreement to the Assignee, and the Assignee wishes to receive an assignment of the Conditional Sale Agreement (the “Assignment”);
(C)   The Conditional Sale Agreement provides that the Conditional Sale Agreement may not be assigned by the Assignor without the prior written consent of the Seller (the “Consent”) first being obtained; and
(D)   the Seller is agreeable to providing the Consent;
NOW THEREFORE in consideration of the mutual covenants and agreements contained herein and for other good and valuable consideration, the receipt of which is hereby acknowledged and the sufficiency of which will not be denied, the parties hereto agree as follows:
1.   Consent. The Seller hereby grants the Consent as of the Effective Date upon and subject to the terms and conditions of this Agreement.
2.   Assignor Remains Liable. The Consent does not in any way derogate from the rights of the Seller under the Conditional Sale Agreement nor operate to release the Assignor from its obligation to pay all amounts becoming due under the Conditional Sale Agreement or for the non-observance or non-performance of all of the terms, covenants and conditions in the Conditional Sale Agreement on the part of the Assignor therein to be observed and performed, and notwithstanding the Assignment, the Assignor shall remain fully liable during the balance of the term of the Conditional Sale Agreement for the observance and performance of all of the terms, covenants and conditions contained in the Conditional Sale Agreement, including the payment of all amounts owing to the Seller.
3.   Release by Assignor. The Assignor hereby releases and waives any and all rights and remedies to which it may be entitled at law, in equity or as buyer under the Conditional Sale Agreement including, without limitation, the right to apply for relief from forfeiture or to obtain any reassignment of the Conditional Sale Agreement.
4.   No Waiver. The Consent does not constitute a waiver of the necessity for consent by the Seller to any further transfer or assignment of the Conditional Sale Agreement (which for the purpose of this Agreement includes any assignment, sale or lease of the Conditional Sale Agreement or parting with all or any part of the Equipment, which must be completed in accordance with the terms of the Conditional Sale Agreement. If the Assignee proposes to effect a further assignment of the Conditional Sale Agreement, the terms of the Conditional Sale Agreement with respect to an assignment shall apply.
5.   Joint and Several Liability. The Consent is given upon the express understanding that the Assignor and the Assignee shall hereafter be jointly and severally responsible for and shall save the Seller harmless and indemnify it from and against all costs including all legal costs incurred by the Seller in connection with the preparation of this Agreement and any additional documentation related thereto and the Seller's consent to the Assignment.
6.   Acknowledgement by Assignee. The Assignee acknowledges and agrees that; (i) it is accepting possession of the Equipment on an "as is" condition as of the Effective Date, (ii) the Seller has no responsibility or liability for making any repairs or alterations in or to the Equipment, and (iii) all further repairs or alterations to the Equipment are the sole responsibility of the Assignee and shall be undertaken and completed at the Assignee's sole cost and expense and strictly in accordance with the provisions of the Conditional Sale Agreement.
7.   Confirmation. The Seller and the Assignor hereby confirm that the Conditional Sale Agreement is a good, valid and subsisting agreement and all payments due thereunder have been duly paid up to the Effective Date and the covenants and conditions therein contained have been duly observed and performed by the Assignor up to the Effective Date.
8.   Successors and Assigns. This Agreement shall be binding upon and enure to the benefit of the parties and their respective heirs, executors, administrators, successors and assigns.
9.   Counterparts. This Agreement may be executed in several counterparts each of which when so executed shall be deemed to be an original and which counterparts together shall constitute one and the same instrument. The parties hereby acknowledge and agree that for the purpose of offer, acceptance and execution of this Agreement, an executed facsimile copy shall constitute an original executed copy.
IN WITNESS WHEREOF the parties hereto have executed this Agreement, as of the date first above written.
 
 
[NAME OF SELLER]
 
 
 
 
Per:
 
 
 
 
Name:   
Title:   
 
 
 
[NAME OF ASSIGNOR]
 
 
 
 
Per:
 
 
 
 
Name:   
Title:   
 
 
 
[NAME OF ASSIGNEE]
 
 
 
 
Per:
 
 
 
 
Name:   
Title:   
 

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