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What is Assignment and Assumption Agreement about?

This Assignment and Assumption Agreement transfers and assigns all rights, obligations, and interests in an agreement between the Assignor and a Company to the Assignee. The Company consents to the assignment and releases the Assignor from any further liability under the original agreement. The Assignee assumes all responsibilities under the agreement as if it were originally a party to it. Both the Assignor and Assignee provide indemnification to each other and the Company regarding their performance under

Author

Robat Kooc

Language

EN