For an award and acquisition agreement to be valid, the following criteria must be met: If you are not dealing with a complex situation of tasks, working with a model is often a good way to start writing an allocation and acquisition agreement that meets your needs. Generally speaking, your agreement should contain the following information: 1. Overview After signing a contract, a change in a party`s business climate or liquidity may require the assignment of that agreement. If both original parties approve the amendment and sign documents conferring existing interests and obligations, a contract may be assigned and taken over by a third party.