â–¡ Draft assignment and assumption agreement (if applicable). Learn the steps in a real estate transaction and what happens with sale of property.Find a real estate lawyer. 1.37 "License Agreement Assignment and Assumption" means an. Assignment and Assumption of License Agreement substantively in the form attached hereto as. Express assumption of risk happens when you're fully aware of the risks associated with something you're doing. Any breach of this Assumption of the Alteration Agreement or of the. Alteration Agreement shall constitute a breach of the Lease appurtenant to the Apartment.