This form is an Assumption Agreement. The form provides that the grantee will assume a lien on property described in the agreement. The assumption will become effective on the date provided in the agreement.
Assignment And Assumption Agreement With Novation In Mecklenburg
Category:
State:
Multi-State
County:
Mecklenburg
Control #:
US-00424
Format:
Word;
Rich Text
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This Standard Document contains provisions to incorporate an assumption of the delegated obligations and an optional novation into the assignment agreement. This assignment and assumption agreement template includes a novation agreement and may be used to transfer an agreement from one party to another."Dampkraft Assumption and Novation" has the meaning set forth in Section 2(a)(i). "Effective Date" has the meaning set forth in the recitals to this Agreement. This subpart prescribes policies and procedures for- (a) Recognition of a successor in interest to Government contracts when contractor assets are transferred.