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 Example In Philadelphia
Category:
State:
Multi-State
County:
Philadelphia
Control #:
US-00424
Format:
Word;
Rich Text
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An assignment and assumption agreement transfers one party's rights and obligations to a third party. An assignment and assumption agreement assigns contractual rights or intangible personal property (such as intellectual property or goodwill) from one party.WHEREAS, Assignor wishes to assign all its rights under that certain Rental Car Concession. Free sample of assignment and assumption agreement. Create, print, and share easily with 360 Legal Forms. The document describes the transfer of ownership of a parcel of land from Roel Tangpos to Richie Mae Tangpos through an assignment contract. Asset identified in the Put Notice as of the applicable Put Date (defined below).