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.
Greensboro North Carolina Assignment and Assumption Agreement between LLCs
Category:
State:
Multi-State
City:
Greensboro
Control #:
US-C-A-99921-3
Format:
Word;
Rich Text
Instant download
Description
Free preview
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Greensboro is also a burger- and biscuit-loving Southern city, and staples like pulled pork pop up in brunch hashes and mac-and-cheese tacos.
One of the top reasons to move to Greensboro is its vibrant and diverse culture. This city is home to a thriving arts scene, with numerous galleries, theaters, and music venues. From the Greensboro Symphony Orchestra to the Weatherspoon Art Museum, there's always something new and exciting to explore.
Gate City. By 1890, Greensboro became a railroad transportation center, a gateway to the West and the South.
(42.6%) The 5 largest ethnic groups in Greensboro, NC are Black or African American (Non-Hispanic) (42.6%), White (Non-Hispanic) (39.5%), Asian (Non-Hispanic) (5.34%), White (Hispanic) (4.03%), and Two+ (Non-Hispanic) (3.05%). Greensboro, NC | Data USA datausa.io ? profile ? geo ? greensboro-nc datausa.io ? profile ? geo ? greensboro-nc
Mayor Nancy Vaughan explained that ?greensboro, You're Welcome? is the tag line created by the Greensboro Convention and Visitors Bureau, which calls it ?branding.? But the real explanation seems to be that the slogan was written by a committee.
