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This document outlines the agreement between Quincy Engineering, Inc. and CONSOR North America, Inc. for the assignment of a Professional Services Agreement related to engineering design services for the Palo Colorado Road Repair Project in Monterey County, California. The assignment is effective retroactively as of October 3, 2022, and includes details of the responsibilities and rights passed from the Assignor to the Assignee.
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What is assignment and assumption of?
Assignment and assumption refers to the process where one party transfers its rights and obligations under a contract to another party.
Who is required to file assignment and assumption of?
Typically, the original party to the contract who is transferring their rights and obligations, as well as the new party receiving those rights and obligations, are required to file assignment and assumption.
How to fill out assignment and assumption of?
To fill out an assignment and assumption, include details such as the names of the parties, a description of the rights and obligations being assigned, and the date of the transfer, along with signatures from both parties.
What is the purpose of assignment and assumption of?
The purpose of assignment and assumption is to legally transfer responsibilities and rights under a contract from one party to another, ensuring that the new party takes on those obligations.
What information must be reported on assignment and assumption of?
Information that must be reported includes the names of the assignor and assignee, details of the contract being assigned, the effective date, and any pertinent terms regarding the transfer.
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