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An Assignment Agreement is a legal contract in which one party, the assignor, transfers or assigns their rights, interests, or obligations under a contract to another party, the assignee. This document outlines the terms and conditions of the assignment, including any limitations or conditions that may apply.
An Assignment Agreement is crucial for transferring rights, obligations, or assets between parties. It ensures legal clarity, requires consent when necessary, and facilitates business flexibility, especially in situations involving contractual obligations or asset transfers.
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