An assignment and assumption agreement transfers one party's rights and obligations to a third party. The party making the assignment is called the assignor, while the third party accepting the assignment is known as the assignee.
The assignor assigns their rights and duties under the contract to the assignee and the assignee accepts, or "assumes," those rights and duties.
The other party to the initial contract must also consent to the transfer of rights and obligations to the assignee. For a valid assignment and assumption agreement, the initial contract must provide for the possibility of assignment by one of the initial contracting parties.
Anaheim California Assignment and Assumption Agreement between LLCs
Category:
State:
Multi-State
City:
Anaheim
Control #:
US-C-A-99921-3
Format:
Word;
Rich Text
Instant download
Description
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Whether you are a die-hard sports fan, a live music aficionado, an adrenaline junkie, a self-proclaimed foodie, or a brew connoisseur, there's plenty of things to do in Anaheim. With a prime and convenient location, let Anaheim serve as your home to all of sunny Southern California's attractions.
City of Kindness is Anaheim's adopted motto and a way of creating a better quality of life in our city as well as resiliency in the face of natural disasters and other challenges.
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The second largest city in Orange County in terms of land area, Anaheim is known for being the home of the Disneyland Resort, the Anaheim Convention Center, and two major league sports teams: the Los Angeles Angels of Major League Baseball (MLB) and the Anaheim Ducks of the National Hockey League (NHL).