Contract Assignment. (a) A contract assignment must be made as part of an ownership change, a change in tax status, or a transfer from one legal entity to another through a legal process. No assignment is effective until approved, in writing, by the Texas Department of Human Services (DHS).
Contract Assignment. (a) A contract assignment must be made as part of an ownership change, a change in tax status, or a transfer from one legal entity to another through a legal process. No assignment is effective until approved, in writing, by the Texas Department of Human Services (DHS).
An assignment of contract is a legal clause that allows for one party of a contract to transfer the rights, obligations, and responsibilities of that contract to another party. The party who is giving away the responsibility of the contract is the assignor and the party receiving is the assignee.
Even if a written contract is not required, it is always a good idea to have a written agreement. A written agreement does not have to be a formal or complex contract, and it can be handwritten. It must contain the terms of the agreement and be signed by both parties.
Form 503 General Information - Assumed Name Certificate. This file provides essential information regarding the Assumed Name Certificate, necessary for entities conducting business under a name other than their legal name. It details the filing requirements, penalties for noncompliance, and steps for renewal.
An Assumed Name / DBA (Doing Business as) should be filed with the County Clerk's Office in which business is to be conducted. Unincorporated assumed name certificate forms can be completed in person or submitted by mail if notarized.