a Project Contract’s Assignment Agreement facilitates the transfer of contractual rights and obligations from one party to another, enabling the assignee to step into the shoes of the assignor and perform under the contract. It helps ensure clarity and legality in the process of transferring contractual responsibilities.
It outlines which rights and benefits under the contract are being assigned to the assignee. This could include the right to receive payments, access to certain resources, or the ability to perform specific tasks outlined in the contract.