assignment and assumption agreement

assignment and assumption agreement
USA
assignment and assumption agreement, Also called an assignment and assumption.
An agreement in which one party transfers its contractual rights and obligations to another party.
For forms of assignment and assumption agreements for bank loans, see Standard Document, Assignment and Assumption: Single Assignment of Loans (www.practicallaw.com/2-382-1269) and Standard Document, Assignment and Assumption: Multiple Assignments of Loans (www.practicallaw.com/5-500-1596). For more information on assignments and participations of bank loans, see Practice Note, Assignments and Participations of Loans (www.practicallaw.com/8-381-8532) and Standard Clauses, Loan Agreement: Assignment and Participation Clauses (www.practicallaw.com/8-383-3066).
For a form of an assignment and assumption agreement used in connection with an asset purchase, see Standard Document, Assignment and Assumption Agreement (www.practicallaw.com/0-381-9984).

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • assignment and assumption — USA assignment and assumption agreement, Also called an assignment and assumption. An agreement in which one party transfers its contractual rights and obligations to another party. For forms of assignment and assumption agreements for bank loans …   Law dictionary

  • ASSIGNMENT (OF DEBT) — History and Development Basically, Jewish law did not recognize the concept whereby personal rights or obligations (whether arising from contract or from a liability for damages in tort) could be legally assigned, either by the creditor or the… …   Encyclopedia of Judaism

  • Race and intelligence — Human intelligence Abilities and Traits …   Wikipedia

  • LEASE AND HIRE — The Hebrew term sekhirut embraces the lease of immovable property (houses and fields) as well as the hire of movable property and personal services, and is a near parallel of locatio conductio rei in Roman law. In this article the term hire is… …   Encyclopedia of Judaism

  • Metro Rail Transit Corporation — The Metrostar Express Logo of the MRTC The Metro Rail Transit Corporation is a private consortium respon …   Wikipedia

  • Anthropology and Archaeology — ▪ 2009 Introduction Anthropology       Among the key developments in 2008 in the field of physical anthropology was the discovery by a large interdisciplinary team of Spanish and American scientists in northern Spain of a partial mandible (lower… …   Universalium

  • Exact sciences (The) in Hellenistic times: texts and issues — The exact sciences in Hellenistic times: Texts and issues1 Alan C.Bowen Modern scholars often rely on the history of Greco Latin science2 as a backdrop and support for interpreting past philosophical thought. Their warrant is the practice… …   History of philosophy

  • History of science and technology in the People's Republic of China — For more than a century China s leaders have called for rapid development of science and technology, and science policy has played a greater role in national politics in China than in many other countries. China s scientific and technical… …   Wikipedia

  • Plato: ethics and politics — A.W.Price I Plato followed his teacher Socrates into ethics by way of a question that remained central in Greek thought: what is the relation between the virtues or excellences (aretai) of character, and happiness (eudaimonia)?1 Both concepts… …   History of philosophy

  • international relations — a branch of political science dealing with the relations between nations. [1970 75] * * * Study of the relations of states with each other and with international organizations and certain subnational entities (e.g., bureaucracies and political… …   Universalium

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”