An Assignment Agreement is a contract between two or more parties that assigns specific rights and obligations to another party. This type of agreement is useful when a party wants to transfer their rights or responsibilities to someone else, such as in a loan agreement where the lender agrees to assign their right to interest payments to another party. Assignment Agreements are also used to assign other kinds of contractual duties, such as contracts for services, purchase agreements, lease agreements, and more. By assigning rights and obligations through an Assignment Agreement, parties can make sure their interests remain protected while also expanding their reach.