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.
Stockton California Assignment and Assumption Agreement between LLCs
Category:
State:
Multi-State
City:
Stockton
Control #:
US-C-A-99921-3
Format:
Word;
Rich Text
Instant download
Description
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FAQ
Stockton is known for being home to the oldest university in California, the University of The Pacific. With the low cost of living (compared to other areas in California) and being a family-friendly city, Stockton is a great place to live. Where Is Stockton?
Founded in 1849 and incorporated in 1850, the City of Stockton is one of the oldest incorporated cities in California.
Stockton The violent crime rate in Stockton is 1,397 per 100,000 people. There are approximately 34 murders, 181 rapes, 1,158 robberies, and 3,007 aggravated assaults annually in Stockton.
Crime and high cost of living are two of the biggest drawbacks to living in Sacramento. Although not as high as Stockton's crime rates, the crime rate in Sacramento is 46 percent above the national average. Violent crime is 76 percent above the national average in Sacramento.
In 2021, there were 1.13 times more Asian (Non-Hispanic) residents (65.1k people) in Stockton, CA than any other race or ethnicity. There were 57.5k White (Non-Hispanic) and 53.6k White (Hispanic) residents, the second and third most common ethnic groups. 44.9% of the people in Stockton, CA are hispanic (143k people).
Home to California's oldest university. In 1851, University of the Pacific became California's first chartered institution of higher education.
In 2018, Stockton ? whose roughly 310,000 residents were 42% Hispanic, 24% Asian, 19% non-Hispanic white and 13% black ? was the most racially diverse large city in America, ing to a U.S. News analysis based on recent census data.
Stockton is in San Joaquin County. Living in Stockton offers residents a dense suburban feel and most residents own their homes. In Stockton there are a lot of parks. Many families live in Stockton and residents tend to lean liberal.