Assignment And Assumption Agreement Template

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Sample

Assignment And Assumption Agreement Template

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Assignment and Assumption Agreement Template (1)
Between:
[Name of the Assignor]
[Assignor’s ID]
[Assignor’s Address]
[Assignor’s Phone]
[Assignor’s Email]
And:
[Name of the Assignee]
[Assignee’s ID]
[Assignee’s Address]
Whereas:
The Assignor desires to assign and transfer certain rights and obligations under the contract dated [Contract Date] to the Assignee.
Clause 1: Assignment
The Assignor hereby assigns, transfers, and conveys to the Assignee all rights, title, and interest in and to the contract specified above.
Clause 2: Acceptance of Assignment
The Assignee hereby accepts the assignment of rights and obligations as described herein as of [Effective Date].
Clause 3: Assumption of Obligations
The Assignee agrees to assume and perform all obligations of the Assignor under the assigned contract from the Effective Date forward.
Clause 4: Representations and Warranties
Each party represents and warrants that they have the full right and authority to enter into this Agreement and complete the transactions described herein.
Clause 5: Indemnification
Each party agrees to indemnify and hold the other party harmless from any claims, damages, or liabilities arising out of the breach of this Agreement.
Clause 6: Governing Law
This Agreement shall be governed by and construed in accordance with the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Assignor]
[Name of the Assignor]
[Signature of the Assignee]
[Name of the Assignee]
Assignment and Assumption Agreement Template (2)
Between:
[Name of the Assignor]
[Assignor’s ID]
[Assignor’s Address]
[Assignor’s Phone]
[Assignor’s Email]
And:
[Name of the Assignee]
[Assignee’s ID]
[Assignee’s Address]
Whereas:
The Assignor holds certain rights under the agreement dated [Contract Date] that they wish to assign to the Assignee.
Clause 1: Assignment Terms
The Assignor hereby assigns to the Assignee all rights, interest, and obligations related to the specified agreement as of the date of this contract.
Clause 2: Assumption
The Assignee hereby assumes all duties and responsibilities under the assigned agreement, with effect from [Effective Date].
Clause 3: Authority
The parties each affirm their authority to enter into this Agreement and that there are no agreements or proceedings that would conflict with this Agreement.
Clause 4: Liability
Each party agrees to be liable for their respective actions under the contract after the assignment is executed.
Clause 5: Amendments
Any modifications or amendments to this Agreement must be in writing and signed by both parties.
Clause 6: Dispute Resolution
Any disputes arising from this Agreement shall be resolved through arbitration in accordance with the rules of [Arbitration Institution].
Signed in [City], [Date].
Sincerely,
[Signature of the Assignor]
[Name of the Assignor]
[Signature of the Assignee]
[Name of the Assignee]

Form

Please complete the form below to create the Assignment And Assumption Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Assignment And Assumption Agreement Template

1. Assignor Information


2. Assignee Information


3. Agreement Details

4. Assigned Rights and Obligations

5. Representations and Warranties

6. Assumption of Obligations

7. Indemnification

8. Governing Law

9. Signatures and Acceptance

10. Declaration and Signatures




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Assignment And Assumption Agreement Template

Printable | Editable Form




Assignment And Assumption Agreement Template