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 Phoenix
Category:
State:
Multi-State
City:
Phoenix
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. Novation: What's the difference?This Standard Document contains provisions to incorporate an assumption of the delegated obligations and an optional novation into the assignment agreement. Find top rated novation agreement lawyers for Phoenix, AZ to hire. Post your project and get multiple proposals from AZ contract lawyers. This assignment and assumption agreement template includes a novation agreement and may be used to transfer an agreement from one party to another. This letter serves as an assignment, assumption and novation agreement.