Get the free Grant Assignment and Assumption Agreement

This document outlines the agreement between CARE International Belgium in Timor Leste (the Original Recipient) and CARE in Timor Leste (the New Recipient) for the assignment and assumption of a grant provided by the International Bank for Reconstruction and Development under the Japan Social Development Fund.

How to fill out grant assignment and assumption

How to fill out grant assignment and assumption

1. Start with the header of the document, including the title 'Grant Assignment and Assumption'.
2. Enter the names and addresses of the original grantor and the new grantee.
3. Clearly state the purpose of the document, indicating the intention to assign the grant rights and obligations.
4. Detail the specific grant being assigned, including any relevant dates and amounts.
5. Include any conditions or terms related to the assignment if applicable.
6. Ensure both parties (grantor and grantee) acknowledge and agree to the terms outlined in the document.
7. Provide spaces for signatures, dates, and any necessary witness or notarization lines.
8. Review the document for accuracy and completeness before finalizing.

Who needs grant assignment and assumption?

1. Individuals or organizations receiving government or private grants seeking to transfer or assign their rights and obligations to another party.
2. Nonprofits looking to collaborate with other entities on funded projects.
3. Businesses financing their projects through grants that need to change the designated beneficiary.
4. Legal or financial professionals assisting clients in the grant assignment process.

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What is grant assignment and assumption?

Grant assignment and assumption refers to the process of transferring a grant or the rights to receive funds from one entity to another, along with the obligations that come with the grant.

Who is required to file grant assignment and assumption?

Typically, the entity that holds the grant and wishes to transfer it to another party is required to file a grant assignment and assumption.

How to fill out grant assignment and assumption?

To fill out a grant assignment and assumption, include the names of the assignor and assignee, details of the grant, terms and conditions of the assignment, and signatures of both parties.

What is the purpose of grant assignment and assumption?

The purpose of grant assignment and assumption is to officially document the transfer of rights and responsibilities of a grant from one entity to another, ensuring compliance and continuity of the project funded by the grant.

What information must be reported on grant assignment and assumption?

Information that must be reported includes the names and addresses of both the assignor and assignee, grant number, date of agreement, description of the grant, and any relevant terms related to the assignment.