- Practical Law

Assignment and Assumption Agreement
Practical law glossary item 7-382-3242 (approx. 3 pages).
- United States
Assignment and Assumption Agreement (Contribution to Joint Venture) | Practical Law

Assignment and Assumption Agreement (Contribution to Joint Venture)
Practical law standard document w-016-1397 (approx. 10 pages).
Assignment And Assumption Agreement
Jump to section, need help with a legal contract, what is an assignment and assumption agreement.
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.
Common Sections in Assignment And Assumption Agreements
Below is a list of common sections included in Assignment And Assumption Agreements. These sections are linked to the below sample agreement for you to explore.
Assignment And Assumption Agreement Sample
Reference : Security Exchange Commission - Edgar Database, EX-99.D.13 3 d416323dex99d13.htm ASSIGNMENT AND ASSUMPTION AGREEMENT , Viewed October 6, 2021, View Source on SEC .
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Assignment and Assumption Agreement. Related Content. Also called an assignment and assumption. An agreement in which one party transfers its
This Standard Document has integrated notes with important explanations and drafting tips. Get full access to this document with Practical Law. Try free for 7
This Standard Document has integrated notes with important explanations and drafting and negotiating tips. Get full access to this document with Practical Law.
... Agreement. 5. Governing Law. This Agreement shall be governed by and interpreted and construed in accordance with the substantive laws of the State of
practical solutions that balance risks with commercial objectives. I split
Use this sample agreement to draft an assignment and assumption agreement for use as an ancillary document in the context of an asset purchase transaction.
the traditional US law assignment and assumption agreement, the traditional English law novation.
2006)). For a sample novation provision, see Standard Documents, Novation Agreement (Short Form) (TX) and. Assignment and Assumption Agreement
assignable or non-delegable under the contract or by applicable law (see General