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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.
It allows one party to "assume" the rights and responsibilities of the other party. This policy establishes contract review procedures and signature authority to minimize the college's financial, legal, operational, and compliance risks.1.37 "License Agreement Assignment and Assumption" means an. Assignment and Assumption of License Agreement substantively in the form attached hereto as.
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