assignment and assumption

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, 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 ⚽ Нужен реферат?

Look at other dictionaries:

  • 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 …   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

  • assumption — Synonyms and related words: a priori principle, about face, acceptance, accession, acquisition, admission, admittance, adoption, affirmation, alchemy, allegory, allusion, anointing, anointment, apotheosis, appointment, appropriation, apriorism,… …   Moby Thesaurus

  • assignment — Synonyms and related words: abalienation, accession, accounting for, agency, agentship, alienation, allocation, allotment, amortization, amortizement, anointing, anointment, answerability, application, appointment, apportionment, appropriation,… …   Moby Thesaurus

  • 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

  • Mill, John Stuart: Ethics and politics — J.S.Mill Ethics and politics R.F.Khan ON LIBERTY John Stuart Mill’s mature views on ethics and politics are to be found in On Liberty (published in 1859), Utilitarianism (1861), Considerations on Representative Government (1861) and The… …   History of philosophy

  • Open world assumption — In formal logic, the open world assumption is the assumption that the truth value of a statement is independent of whether or not it is known by any single observer or agent to be true. It is the opposite of the closed world assumption, which… …   Wikipedia

  • 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

  • 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

Share the article and excerpts

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