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 Wayne
Category:
State:
Multi-State
County:
Wayne
Control #:
US-00424
Format:
Word;
Rich Text
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DEVELOPMENT AGREEMENT) (this "Agreement") is entered into as of the ___ day of. 1. Assignment and Assumption.WHEREAS, Assignor wishes to assign all its rights under that certain Rental Car Concession. Assignments and assumptions are part of contract law and refer to the transfer of someone's duties and benefits in a contract to another.