This Standard Document contains provisions to incorporate an assumption of the delegated obligations and an optional novation into the assignment agreement. ("Assignment") is made as of April 9, 2024 (the "Effective Date") between REVA.WHEREAS, Assignor desires to be discharged and County is willing to release. Novation: What's the difference? An assignment and assumption agreement is a contract that allows one of the parties to transfer their contractual rights and duties to another party. What is an Assignment And Assumption Agreement? An assignment and assumption agreement transfers one party's rights and obligations to a third party. Filed with the Securities and Exchange Commission.