Standard Document to be used when a party transfers specified contracts to another party, including an assignment of all of its contractual rights and delegation of all of its contractual duties under Louisiana law. This form contains provisions to incorporate an assumption of the delegated obligations, as well as an optional novation into the assignment agreement. It also includes common representations and warranties, indemnification provisions, and refund of escrow deposits found in assignment and assumption agreements. This Standard Document has integrated notes with important explanations and drafting and negotiating tips.