Assignment And Assumption: Copy, customize, and use instantly
Introduction
The term "Assignment And Assumption" refers to the process where one party transfers its rights and obligations under a contract to another party. This legal mechanism ensures that the assignee assumes the obligations and benefits originally held by the assignor, allowing for the seamless transfer of contractual responsibilities.
Below are various examples of how "Assignment And Assumption" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Assignment And Assumption" as a transfer of rights and obligations
This definition ties "Assignment And Assumption" to the transfer of both rights and obligations.
"Assignment And Assumption" means the process by which a party (the assignor) transfers its rights, benefits, and obligations under a contract to another party (the assignee), with the assignee assuming all duties and liabilities of the assignor.
Definition of "Assignment And Assumption" as the transfer under a specific contract
This definition connects "Assignment And Assumption" to the transfer within the scope of a contract.
"Assignment And Assumption" refers to the act of transferring the rights and obligations set forth in a specific agreement from one party to another, with the new party assuming full responsibility under the terms of the contract.
Definition of "Assignment And Assumption" as an agreement for the transfer of contract terms
This definition links "Assignment And Assumption" to an agreement formalizing the transfer.
"Assignment And Assumption" means the mutual agreement by which the assignor transfers all rights, title, and interest under a contract to the assignee, who agrees to assume all corresponding obligations.
Definition of "Assignment And Assumption" as a legal process of transferring liabilities
This definition ties "Assignment And Assumption" to the legal process of transferring liabilities.
"Assignment And Assumption" refers to the legal procedure in which one party assigns its rights and obligations to another, with the assignee agreeing to assume any liabilities, obligations, or duties specified in the contract.
Definition of "Assignment And Assumption" as the transfer of financial responsibilities
This definition connects "Assignment And Assumption" to financial obligations.
"Assignment And Assumption" means the transfer of both financial responsibilities and contractual benefits from the assignor to the assignee, ensuring the assignee accepts full financial accountability.
Definition of "Assignment And Assumption" as a transaction between parties
This definition links "Assignment And Assumption" to a transaction of contractual rights.
"Assignment And Assumption" refers to a transaction where the assignor assigns its rights and obligations to the assignee, who assumes those rights and obligations with full legal effect.
Definition of "Assignment And Assumption" as the procedure in a business acquisition
This definition ties "Assignment And Assumption" to the process in an acquisition scenario.
"Assignment And Assumption" means the process in which one party transfers its contractual obligations and rights to another as part of a business acquisition or merger, with the assignee assuming all responsibilities.
Definition of "Assignment And Assumption" as the assumption of operational duties
This definition connects "Assignment And Assumption" to the transfer of operational responsibilities.
"Assignment And Assumption" refers to the act of assigning operational duties and responsibilities under a contract to a third party, who then assumes all relevant obligations.
Definition of "Assignment And Assumption" as a step in a sale of assets
This definition links "Assignment And Assumption" to the sale of assets in a contract.
"Assignment And Assumption" means the act of assigning all rights and obligations related to a specific asset, with the buyer assuming the obligations and responsibilities tied to the asset as part of the sale.
Definition of "Assignment And Assumption" as the assumption of contractual terms in a lease
This definition connects "Assignment And Assumption" to lease agreements.
"Assignment And Assumption" refers to the process in which a tenant transfers its lease rights and obligations to a third party, with the third party assuming all terms and conditions of the lease agreement.
Definition of "Assignment And Assumption" as the assumption of debt obligations
This definition ties "Assignment And Assumption" to the transfer of debt obligations.
"Assignment And Assumption" means the transfer of debt-related rights and obligations from one party to another, with the assignee assuming responsibility for the debt obligations and liabilities.
Definition of "Assignment And Assumption" as the legal transfer of a contract
This definition links "Assignment And Assumption" to the formal transfer of a contract.
"Assignment And Assumption" refers to the formal legal process by which the assignor transfers all of its rights, benefits, and obligations under a contract to another party, the assignee, who assumes all associated responsibilities.
Definition of "Assignment And Assumption" as the assignment of rights with the assumption of risk
This definition connects "Assignment And Assumption" to risk management in a contract.
"Assignment And Assumption" means the transfer of rights under a contract from one party to another, with the assignee assuming the risks and obligations of the contract.
Definition of "Assignment And Assumption" as a condition in loan agreements
This definition ties "Assignment And Assumption" to the transfer of responsibilities in loan agreements.
"Assignment And Assumption" refers to the condition where a lender transfers its rights under a loan agreement to a third party, with the third party assuming all obligations and terms of the loan.
Definition of "Assignment And Assumption" as the transfer of intellectual property rights
This definition links "Assignment And Assumption" to intellectual property transactions.
"Assignment And Assumption" means the transfer of intellectual property rights, including patents, copyrights, and trademarks, from one party to another, with the assignee assuming all legal and financial responsibilities related to the intellectual property.
Definition of "Assignment And Assumption" as a condition in employment agreements
This definition connects "Assignment And Assumption" to employment contract terms.
"Assignment And Assumption" refers to the provision in employment agreements whereby an employee's rights and obligations are transferred to another party, such as in the case of outsourcing or reassignment.
Definition of "Assignment And Assumption" as part of a restructuring process
This definition ties "Assignment And Assumption" to corporate restructuring.
"Assignment And Assumption" refers to the process where a company assigns its rights and obligations as part of a corporate restructuring, and the assignee assumes responsibility for those rights and obligations.
Definition of "Assignment And Assumption" as the transfer of service agreements
This definition links "Assignment And Assumption" to service contracts.
"Assignment And Assumption" means the transfer of a service agreement, with the assignee assuming the rights and obligations of the original contract holder.
Definition of "Assignment And Assumption" as a part of a joint venture agreement
This definition ties "Assignment And Assumption" to joint ventures.
"Assignment And Assumption" refers to the process by which a partner in a joint venture assigns its rights and obligations to another entity, which then assumes the partner's duties and responsibilities in the joint venture.
Definition of "Assignment And Assumption" as a transfer of contract rights
This definition ties "Assignment And Assumption" to the transfer of contract rights.
"Assignment And Assumption" means the transfer of all contractual rights, obligations, and benefits from the assignor to the assignee, who agrees to assume all the corresponding duties and responsibilities under the contract.
Definition of "Assignment And Assumption" as a legal agreement for transferring liabilities
This definition connects "Assignment And Assumption" to the transfer of liabilities.
"Assignment And Assumption" refers to a legal agreement in which one party assigns its rights and obligations under a contract to another, who assumes full responsibility for the liabilities involved.
Definition of "Assignment And Assumption" as a transfer in the context of a merger
This definition links "Assignment And Assumption" to mergers.
"Assignment And Assumption" means the process by which one party transfers its contractual obligations and rights to another party as part of a merger, with the new party assuming all related duties.
Definition of "Assignment And Assumption" as the process in an acquisition
This definition ties "Assignment And Assumption" to the acquisition process.
"Assignment And Assumption" refers to the procedure in which one party transfers its contractual rights and obligations to another as part of a corporate acquisition, with the assignee accepting all associated terms.
Definition of "Assignment And Assumption" as the delegation of contract duties
This definition connects "Assignment And Assumption" to the delegation of duties.
"Assignment And Assumption" means the delegation of a party's contract duties to another, with the assignee assuming all duties, including performance and any resulting liabilities.
Definition of "Assignment And Assumption" as a part of a debt restructuring
This definition links "Assignment And Assumption" to debt restructuring.
"Assignment And Assumption" refers to the transfer of rights and obligations from one party to another in a debt restructuring arrangement, with the new party assuming the payment obligations.
Definition of "Assignment And Assumption" as a transfer in real estate transactions
This definition ties "Assignment And Assumption" to real estate transactions.
"Assignment And Assumption" means the transfer of rights and responsibilities related to a real estate contract from the original party to a new party, with the new party assuming full contractual obligations.
Definition of "Assignment And Assumption" as a condition in joint ventures
This definition connects "Assignment And Assumption" to joint ventures.
"Assignment And Assumption" refers to the process by which one party in a joint venture assigns its rights and obligations to another, who then assumes those rights and obligations as part of the venture.
Definition of "Assignment And Assumption" as the transfer of ownership interests
This definition links "Assignment And Assumption" to ownership interests.
"Assignment And Assumption" means the transfer of ownership interests, rights, and obligations from one party to another, with the assignee assuming all ownership-related responsibilities.
Definition of "Assignment And Assumption" as the act of assigning intellectual property rights
This definition ties "Assignment And Assumption" to intellectual property.
"Assignment And Assumption" refers to the transfer of intellectual property rights and obligations from one party to another, with the new party assuming all rights and responsibilities related to the intellectual property.
Definition of "Assignment And Assumption" as the process in a franchise agreement
This definition connects "Assignment And Assumption" to franchise agreements.
"Assignment And Assumption" refers to the transfer of franchise rights and obligations from the franchisor or franchisee to another party, who assumes all the rights and duties specified in the franchise agreement.
Definition of "Assignment And Assumption" as the transfer of employee agreements
This definition links "Assignment And Assumption" to employee agreements.
"Assignment And Assumption" means the transfer of employment rights, duties, and obligations from one employer to another, with the new employer assuming full responsibility for the employees' contracts.
Definition of "Assignment And Assumption" as part of a licensing agreement
This definition ties "Assignment And Assumption" to licensing agreements.
"Assignment And Assumption" refers to the transfer of licensing rights and obligations from one party to another, with the assignee assuming all duties, such as royalty payments and the protection of intellectual property.
Definition of "Assignment And Assumption" as the assignment of customer contracts
This definition connects "Assignment And Assumption" to customer contracts.
"Assignment And Assumption" refers to the process by which one party assigns its rights and obligations under a customer contract to another, with the assignee assuming all the obligations for service or product delivery.
Definition of "Assignment And Assumption" as part of a lease transfer
This definition links "Assignment And Assumption" to lease agreements.
"Assignment And Assumption" means the transfer of a lease agreement from one party to another, with the new party assuming the landlord’s and tenant’s respective obligations under the lease.
Definition of "Assignment And Assumption" as the act of transferring a loan agreement
This definition ties "Assignment And Assumption" to loan agreements.
"Assignment And Assumption" refers to the transfer of rights and responsibilities under a loan agreement, where the new party assumes the lender’s right to collect repayments and the borrower’s obligations to repay.
Definition of "Assignment And Assumption" as the exchange of contractual benefits and burdens
This definition connects "Assignment And Assumption" to the exchange of benefits and burdens.
"Assignment And Assumption" refers to the exchange in which one party assigns its contractual benefits to another, while the assignee assumes the contractual burdens and responsibilities.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.