Common use of Assignment and Assumption of Agreement Clause in Contracts

Assignment and Assumption of Agreement. Assignor hereby assigns to Assignee the Agreement and all sums paid or deposited into escrow by Assignor in connection with the Agreement, together with all rights and privileges thereunder, subject to the terms and conditions of the Agreement. Assignee hereby accepts the assignment and agrees to comply with and be bound by all the terms and conditions of the Agreement, and to assume and fulfill all of the obligations and liabilities of the “Purchaser” under the Agreement.

Appears in 4 contracts

Samples: Assignment and Assumption (Generation Income Properties, Inc.), Assignment and Assumption (Generation Income Properties, Inc.), Assignment and Assumption (Generation Income Properties, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!