Pennsylvania Assumption Agreement by and among Portola Packaging, Inc. and Sand Hill Systems, Inc.

• Category: Corporations - Public - Assumption
• State: Multi-State
• Control #: US-EG-9023
• Format: Word; Rich Text

Description

Assumption Agreement by and among Portola Packaging, Inc. and Sand Hill Systems, Inc. dated September 17, 1999. 6 pages Pennsylvania Assumption Agreement is a legally binding contract entered by and between Tortola Packaging, Inc. (referred to as the "Assignor") and Sand Hill Systems, Inc. (referred to as the "Assignee"), concerning the assignment of rights, obligations, and liabilities related to a specific agreement or transaction. This agreement is specifically applicable to entities based in the state of Pennsylvania. The Pennsylvania Assumption Agreement serves to transfer the responsibilities and benefits of an existing agreement from the Assignor to the Assignee. It ensures that the Assignee assumes all rights, duties, and liabilities associated with the particular agreement, relieving the Assignor of any obligations or claims arising from it. Keywords: Pennsylvania Assumption Agreement, Tortola Packaging, Sand Hill Systems, contract, assignment, agreement, obligations, liabilities, rights, duties, transfer, responsibilities. Different types of Pennsylvania Assumption Agreements by and among Tortola Packaging, Inc. and Sand Hill Systems, Inc. may include: 1. Asset Purchase Assumption Agreement: This type of agreement involves the transfer of specific assets from the Assignor to the Assignee, where the Assignee assumes responsibility for assets and potential liabilities. 2. Lease Assumption Agreement: In this agreement, the Assignee takes over the lease obligations, rights, and liabilities of the Assignor concerning a particular property or premises. 3. Employment Assumption Agreement: This agreement is relevant when a company undergoes a change in ownership or merger, and the Assignee agrees to assume the employment contracts, rights, and obligations of the Assignor's employees. 4. Indemnity Assumption Agreement: An indemnity assumption agreement involves the Assignee accepting liability for any existing claims, lawsuits, or potential damages related to the Assignor's activities, products, or services. These are just a few examples of different types of Pennsylvania Assumption Agreements that Tortola Packaging, Inc. and Sand Hill Systems, Inc. may enter into, each serving a specific purpose within the context of their business relationship.

Pennsylvania Assumption Agreement is a legally binding contract entered by and between Tortola Packaging, Inc. (referred to as the "Assignor") and Sand Hill Systems, Inc. (referred to as the "Assignee"), concerning the assignment of rights, obligations, and liabilities related to a specific agreement or transaction. This agreement is specifically applicable to entities based in the state of Pennsylvania. The Pennsylvania Assumption Agreement serves to transfer the responsibilities and benefits of an existing agreement from the Assignor to the Assignee. It ensures that the Assignee assumes all rights, duties, and liabilities associated with the particular agreement, relieving the Assignor of any obligations or claims arising from it. Keywords: Pennsylvania Assumption Agreement, Tortola Packaging, Sand Hill Systems, contract, assignment, agreement, obligations, liabilities, rights, duties, transfer, responsibilities. Different types of Pennsylvania Assumption Agreements by and among Tortola Packaging, Inc. and Sand Hill Systems, Inc. may include: 1. Asset Purchase Assumption Agreement: This type of agreement involves the transfer of specific assets from the Assignor to the Assignee, where the Assignee assumes responsibility for assets and potential liabilities. 2. Lease Assumption Agreement: In this agreement, the Assignee takes over the lease obligations, rights, and liabilities of the Assignor concerning a particular property or premises. 3. Employment Assumption Agreement: This agreement is relevant when a company undergoes a change in ownership or merger, and the Assignee agrees to assume the employment contracts, rights, and obligations of the Assignor's employees. 4. Indemnity Assumption Agreement: An indemnity assumption agreement involves the Assignee accepting liability for any existing claims, lawsuits, or potential damages related to the Assignor's activities, products, or services. These are just a few examples of different types of Pennsylvania Assumption Agreements that Tortola Packaging, Inc. and Sand Hill Systems, Inc. may enter into, each serving a specific purpose within the context of their business relationship.