Assignment by Vendor of Goods with Recourse

This Assignment by Vendor of Goods with Recourse is between a seller of goods (the “Assignor”) and another party to whom the contract will be assigned (the “Assignee”). This agreement sets out the specific arrangement between the parties including a description of the contract being assigned and assignor’s warranties. It is important that this type of business arrangement be set out in writing. A written Assignment by Vendor of Goods with Recourse will prove valuable in the event of disagreements or misunderstandings between the parties. (continued ...)