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Assignment and assumption agreements are analogous to bills of sale, except they effect the transfer of contracts, permits and similar assets by the seller to the buyer in an asset purchase transaction.
An assignment is a sales transaction where the original buyer of a property (the ?assignor?) allows another buyer (the ?assignee?) to take over the buyer's rights and obligations of the Agreement of Purchase and Sale, before the original buyer closes on the property (that is, where they take possession of the property) ...
Contract Law For example, if A contracts with B to teach B guitar for $50, A can assign this contract to C. That is, this assignment is both: (1) an assignment of A's rights under the contract to the $50; and (2) a delegation of A's duty to teach guitar to C.
Assignment and Bill of Sale means an assignment and bill of sale substantially in the form of Exhibit A to be executed and delivered by Seller at Closing to sell, assign and transfer to Purchaser all of the rights, title, and interests of Seller in the Loans and Loan Documents and any payments arising under the Loans ...
The difference between assignment and transfer is that assign means it's legal to transfer property or a legal right from one person to another, while transfer means it's legal to arrange for something to be controlled by or officially belong to another person.
An assignment of payment is a legal agreement through which a practitioner designates that MSP payments for his or her services are to be made to another practitioner or to a group such as a clinic or hospital.