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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.
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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. WHEREAS, Assignor desires to be discharged and County is willing to release.This legal template is likely to be a comprehensive document outlining an Assignment and Assumption Contract and Optional Novation Agreement.
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Assignment And Assumption Agreement With Novation In Palm Beach