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This document outlines the assignment and assumption of a ground lease between PSI Investments, Inc. as Assignor and Aerospace Technologies Group, Inc. as Assignee, including the termination of the sublease and the governing law of the assignment.
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What is assignment and assumption of?
Assignment and assumption refers to a legal process where one party transfers its rights and obligations under a contract to another party.
Who is required to file assignment and assumption of?
The party that is transferring their rights and obligations (the assignor) and the party receiving those rights and obligations (the assignee) are typically required to file an assignment and assumption.
How to fill out assignment and assumption of?
To fill out an assignment and assumption, you need to provide details such as the names of the assignor and assignee, the original contract, the specific rights and obligations being assigned, and the signatures of both parties.
What is the purpose of assignment and assumption of?
The purpose of assignment and assumption is to legally transfer obligations and rights from one party to another, ensuring that the new party can assume responsibility and enjoy the benefits of the contract.
What information must be reported on assignment and assumption of?
Information that must be reported includes the original contract details, names and addresses of the assignor and assignee, description of the rights and obligations being transferred, and signatures.
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