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

• Category: Corporations - Public - Assumption
• State: Multi-State
• County: King
• 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 The King Washington Assumption Agreement is a legally binding contract between Tortola Packaging, Inc. and Sand Hill Systems, Inc. that involves the transfer of rights, obligations, and liabilities related to the King Washington project. This agreement outlines the terms and conditions under which Tortola Packaging assumes certain responsibilities from Sand Hill Systems in regard to the project. The King Washington Assumption Agreement serves to safeguard the interests of both parties involved in the project by clearly defining their roles and responsibilities. It ensures a smooth transition of the project and helps in managing potential risks and uncertainties. Under this agreement, Tortola Packaging, Inc. agrees to assume all contractual rights, obligations, and liabilities that were previously held by Sand Hill Systems, Inc. This includes responsibilities related to project management, procurement of resources, financial obligations, and legal aspects. Tortola Packaging takes over the project with the assurance that it will honor all prior agreements and commitments made by Sand Hill Systems. By entering into the King Washington Assumption Agreement, Tortola Packaging gains control of the project and has the authority to make decisions and execute plans in order to successfully complete the King Washington project. This agreement ensures that Tortola Packaging is fully aware of the project's history, status, and future prospects before taking on the responsibility. There may be different types of King Washington Assumption Agreements depending on the specific details and circumstances of the project. For example, variations could exist in terms of the transfer of assets, intellectual property rights, or liabilities. Each agreement may have its own unique terms and conditions tailored to the specific needs and requirements of the project. These variations are typically reflected in separate agreements or addendums that accompany the main contract. In summary, the King Washington Assumption Agreement is a crucial legal document that facilitates the transfer of responsibilities from Sand Hill Systems to Tortola Packaging. It ensures a smooth transition of the project and defines the rights, obligations, and liabilities of each party involved. The agreement plays a vital role in managing risks and uncertainties associated with the project, allowing for its successful completion.

The King Washington Assumption Agreement is a legally binding contract between Tortola Packaging, Inc. and Sand Hill Systems, Inc. that involves the transfer of rights, obligations, and liabilities related to the King Washington project. This agreement outlines the terms and conditions under which Tortola Packaging assumes certain responsibilities from Sand Hill Systems in regard to the project. The King Washington Assumption Agreement serves to safeguard the interests of both parties involved in the project by clearly defining their roles and responsibilities. It ensures a smooth transition of the project and helps in managing potential risks and uncertainties. Under this agreement, Tortola Packaging, Inc. agrees to assume all contractual rights, obligations, and liabilities that were previously held by Sand Hill Systems, Inc. This includes responsibilities related to project management, procurement of resources, financial obligations, and legal aspects. Tortola Packaging takes over the project with the assurance that it will honor all prior agreements and commitments made by Sand Hill Systems. By entering into the King Washington Assumption Agreement, Tortola Packaging gains control of the project and has the authority to make decisions and execute plans in order to successfully complete the King Washington project. This agreement ensures that Tortola Packaging is fully aware of the project's history, status, and future prospects before taking on the responsibility. There may be different types of King Washington Assumption Agreements depending on the specific details and circumstances of the project. For example, variations could exist in terms of the transfer of assets, intellectual property rights, or liabilities. Each agreement may have its own unique terms and conditions tailored to the specific needs and requirements of the project. These variations are typically reflected in separate agreements or addendums that accompany the main contract. In summary, the King Washington Assumption Agreement is a crucial legal document that facilitates the transfer of responsibilities from Sand Hill Systems to Tortola Packaging. It ensures a smooth transition of the project and defines the rights, obligations, and liabilities of each party involved. The agreement plays a vital role in managing risks and uncertainties associated with the project, allowing for its successful completion.