This form is an Assumption Agreement. The form provides that the grantee will assume a lien on property described in the agreement. The assumption will become effective on the date provided in the agreement.
Assignment And Assumption Agreement With Novation In Fulton
Category:
State:
Multi-State
County:
Fulton
Control #:
US-00424
Format:
Word;
Rich Text
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This Standard Document contains provisions to incorporate an assumption of the delegated obligations and an optional novation into the assignment agreement. Delegation Definition.Capitalized terms used herein and not defined shall have the meanings ascribed to them in the Assignment and Assumption Agreement to which this. This assignment and assumption agreement template includes a novation agreement and may be used to transfer an agreement from one party to another.