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Lease NO.: 4600000118A05ASSIGNMENT AND ASSUMPTION OF LEASES ASSIGNMENT AND ASSUMPTION OF LEASE (“Assignment “) is made effective as of the last date last below written, by and among James E. Saree
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An assignment and assumption is a legal document that formalizes the transfer of rights and obligations under a contract from one party to another.
The party assigning the rights and obligations under the contract is typically required to file the assignment and assumption.
To fill out an assignment and assumption, provide the names of the original parties, the details of the contract being assigned, and any relevant terms regarding the obligations being transferred.
The purpose is to legally transfer the rights and responsibilities from the assigning party to the assignee, ensuring that the contract remains enforceable.
The document must include the names of the parties involved, the effective date of the assignment, details of the original contract, and any specific terms related to the assumption of obligations.
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