Deed of Assignment

A Deed of Assignment is used to assign the benefit of a contract to a third party.

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Last updated October 23, 2025

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Deed of Assignment

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What is a deed of assignment?

A deed of assignment is a legal document that transfers the benefits of a contract from one party (the assignor) to another party (the assignee), without transferring the original obligations or liabilities.
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When should you use a deed of assignment?

Use a deed of assignment when you want to transfer your rights or benefits under an existing contract to a third party, such as the right to receive payment, but not your obligations to perform under the contract.
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What should be in a deed of assignment?

A deed of assignment should clearly identify the parties, specify the rights or benefits being assigned, state the consideration (if any), and be properly signed and witnessed to be legally valid.
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Frequently asked questions

What types of contract rights can be assigned?

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Do I need the other party’s consent to assign my contract rights?

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What are the main risks involved?

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How is a deed of assignment different from a deed of novation?

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What steps should I take after completing the deed?

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Are there any stamp duty or tax implications?

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Can I assign both rights and obligations under my contract?

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View Sample Deed of Assignment

Deed of Assignment
risk level indicator at Medium level

The Legal Risk Score of a Deed of Assignment Template is Medium

Our legal team have marked this document as medium risk considering:

  • The document must be properly executed as a deed.
  • The document may deal with large amounts of assets.
  • The assignment may require approval from other parties in order to be effective.

Meet Our Users

Articles about Deed of Assignment

What is a Deed and How Do You Execute One?
By Mai Sarkissian|Nov 4, 2021

What is a Deed and How Do You Execute One?

Knowing what a deed is and how to execute one can be vitally important for any business owner or individual alike. Read on here.

How Can I Assign My Intellectual Property?
By Zoe Spanos|Sep 20, 2022

How Can I Assign My Intellectual Property?

Claiming your intellectual property through IP ownership can protect your ideas. It is also capable of being sold though intellectual property assignment thereby making it a valuable asset to have.

What is a Copyright Assignment? A Complete Guide With Benefits
By Zoe Spanos|Aug 17, 2023

What is a Copyright Assignment? A Complete Guide With Benefits

Copyright assignment allows you to transfer the rights of you intellectual property. Learn more about how this will affect you.

Difference Between Assignment and Novation
By Tom Willis|Nov 21, 2025

Difference Between Assignment and Novation

Looking to transfer a contract to a 3rd party? Read this article to understand the difference between your options of an assignment or novation?

How to Transfer a Trademark: Trademark Assignment
By Zoe Spanos|Sep 17, 2022

How to Transfer a Trademark: Trademark Assignment

Trademark owners may transfer the rights to use their trademarks through licensing or full assignment. Find out more in this article.

What is a Deed Poll, and How Does a Deed Poll Work?
By Ilyas Omari|May 14, 2025

What is a Deed Poll, and How Does a Deed Poll Work?

A deed poll is a special type of binding agreement which only requires one party and work to bind that party to an active intention.

Quick Tips: Legal Documents For Business Founders
By Dominic Woolrych|Mar 19, 2015

Quick Tips: Legal Documents For Business Founders

Learn about the legal documents, including Shareholder's Agreement and Vesting Agreement, that you may need when starting a business.

What is the Difference Between Deeds and Agreements?
By Angela Omari|Mar 15, 2022

What is the Difference Between Deeds and Agreements?

Interested in learning more about the differences between deeds and agreements? This blog will explain everything you need to know.

What is Novation of Contract?
By Jackie Olling|Apr 8, 2022

What is Novation of Contract?

Want to alter the terms or parties to your contract? You can do this with a novation of contract. Learn everything there is to know.

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