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10 Cool Facts About Arctic Foxes

assignment and assumption of interest

It’s easy to make assumptions about arctic animals, but the arctic fox has some habits and attributes that may surprise you. These arctic fox facts for kids are sure to make these little creatures seem even more interesting.

They’re Adapted for Arctic Life

The iconic white fur that sets arctic foxes apart from other fox species is no accident. Rather, it’s an adaptation that makes it possible for these little predators to stay camouflaged and warm. Other features, like their short snouts and relatively small ears, help keep them protected from the cold.

assignment and assumption of interest

They Have Houses

Although their coats are optimized to keep them warm when they’re out hunting, arctic foxes don’t spend all their time out in the open. They’re known to live in habitats where it can get down to nearly -50 degrees Fahrenheit, so it’s understandable that they have little underground dens that they call home.

assignment and assumption of interest

They Aren’t Endangered

Unlike some other arctic species, like the polar bear, arctic foxes aren’t considered to be in danger of extinction. Arctic fox research shows that their population numbers are actually increasing. Humans were once a threat to arctic foxes, which were hunted for their fur. Now that animal furs have largely gone out of style, people don’t really hunt these foxes very much.

assignment and assumption of interest

Amazing Multi-Purpose Tails

Arctic foxes have big, bushy tails. Those tails help arctic foxes balance themselves as they run and jump, but they also serve as a blanket of sorts to help the foxes keep themselves warm.

assignment and assumption of interest

They’re Omnivores

There isn’t usually a ton of food available on the icy tundras that these little animals call home, but that doesn’t mean arctic foxes always go hungry. Instead, they eat whatever they can, from small rodents to plants and even the leftovers of bigger predators like polar bears.

assignment and assumption of interest

Anyone who’s lived with a pet dog knows that those domesticated canines shed their coats with the seasons. The same is true for arctic foxes. Though they’re known for their iconic white winter coats, that fluffy fur sheds as temperatures warm up, revealing a much shorter dark coat underneath. Because they don’t lose all their hair at once, they can look pretty patchy during the transition.

assignment and assumption of interest

Where to See Arctic Foxes in the Wild

While you may be able to see arctic foxes in zoos and wildlife parks, if you want to see them in their natural habitat, you’ll need to travel to arctic areas in like Russia, Canada, Greenland or Norway. You may even be able to spot them in the USA if you travel to polar Alaska.

assignment and assumption of interest

They’re Social and Stable

Researchers in Iceland have found that their local arctic fox population displays some human-like traits when it comes to their home and social lives. Foxes have been observed to form stable breeding pairs, and these couples tend to return to the same dens year after year to raise their babies.

assignment and assumption of interest

Large Litters and Short Lifespans

Arctic foxes can produce litters of a dozen or more babies, called kits. Their lifespan in the wild is usually pretty short, though, usually lasting about three years. In captivity, they can live much longer, with some arctic foxes reaching double digits in age.

assignment and assumption of interest

Climate Change Concerns

Though recent arctic fox research has shown promising population numbers with the decline of the fur trade, scientists are concerned that this trend will not continue. Factors relating to climate change, including habitat loss and declining prey populations, are likely to be a concern for arctic foxes as global temperatures rise.

assignment and assumption of interest

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assignment and assumption of interest

Understanding an assignment and assumption agreement

updated October 17, 2023 · 3min read

The assignment and assumption agreement

The basics of assignment and assumption, filling in the assignment and assumption agreement.

While every business should try its best to meet its contractual obligations, changes in circumstance can happen that could necessitate transferring your rights and duties under a contract to another party who would be better able to meet those obligations.

Person presenting documents to another person who is signing them

If you find yourself in such a situation, and your contract provides for the possibility of assignment, an assignment and assumption agreement can be a good option for preserving your relationship with the party you initially contracted with, while at the same time enabling you to pass on your contractual rights and duties to a third party.

An assignment and assumption agreement is used after a contract is signed, in order to transfer one of the contracting party's rights and obligations to a third party who was not originally a party to the contract. The party making the assignment is called the assignor, while the third party accepting the assignment is known as the assignee.

In order for an assignment and assumption agreement to be valid, the following criteria need to be met:

  • The initial contract must provide for the possibility of assignment by one of the initial contracting parties.
  • The assignor must agree to assign their rights and duties under the contract to the assignee.
  • The assignee must agree to accept, or "assume," those contractual rights and duties.
  • The other party to the initial contract must consent to the transfer of rights and obligations to the assignee.

A standard assignment and assumption contract is often a good starting point if you need to enter into an assignment and assumption agreement. However, for more complex situations, such as an assignment and amendment agreement in which several of the initial contract terms will be modified, or where only some, but not all, rights and duties will be assigned, it's a good idea to retain the services of an attorney who can help you draft an agreement that will meet all your needs.

When you're ready to enter into an assignment and assumption agreement, it's a good idea to have a firm grasp of the basics of assignment:

  • First, carefully read and understand the assignment and assumption provision in the initial contract. Contracts vary widely in their language on this topic, and each contract will have specific criteria that must be met in order for a valid assignment of rights to take place.
  • All parties to the agreement should carefully review the document to make sure they each know what they're agreeing to, and to help ensure that all important terms and conditions have been addressed in the agreement.
  • Until the agreement is signed by all the parties involved, the assignor will still be obligated for all responsibilities stated in the initial contract. If you are the assignor, you need to ensure that you continue with business as usual until the assignment and assumption agreement has been properly executed.

Unless you're dealing with a complex assignment situation, working with a template often is a good way to begin drafting an assignment and assumption agreement that will meet your needs. Generally speaking, your agreement should include the following information:

  • Identification of the existing agreement, including details such as the date it was signed and the parties involved, and the parties' rights to assign under this initial agreement
  • The effective date of the assignment and assumption agreement
  • Identification of the party making the assignment (the assignor), and a statement of their desire to assign their rights under the initial contract
  • Identification of the third party accepting the assignment (the assignee), and a statement of their acceptance of the assignment
  • Identification of the other initial party to the contract, and a statement of their consent to the assignment and assumption agreement
  • A section stating that the initial contract is continued; meaning, that, other than the change to the parties involved, all terms and conditions in the original contract stay the same

In addition to these sections that are specific to an assignment and assumption agreement, your contract should also include standard contract language, such as clauses about indemnification, future amendments, and governing law.

Sometimes circumstances change, and as a business owner you may find yourself needing to assign your rights and duties under a contract to another party. A properly drafted assignment and assumption agreement can help you make the transfer smoothly while, at the same time, preserving the cordiality of your initial business relationship under the original contract.

Belle Wong, J.D.

by   Belle Wong, J.D.

Belle Wong, is a freelance writer specializing in small business, personal finance, banking, and tech/SAAS. She ...

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Assignment and Assumption of Membership Interests | Practical Law

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Assignment and Assumption of Membership Interests

Practical law standard document w-001-4626  (approx. 12 pages).

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ASSIGNMENT AND ASSUMPTION OF MEMBERSHIP INTERESTS

This Assignment and Assumption on of Membership Interests Agreement (this “Agreement"') is entered  into as of  August  31, 2020  by  and  between  Innovative  Separations.  LLC  NB (“Assignor"). and New Bridge Global Ventures. Inc. (“Assignee” ).

WHEREAS. Assignor owns 50% of membership interests (“Assigned Interests”) of Innovative Separations NB, LL C. a Nevada limited liability company (“Company") and

WHEREAS . Assignor has agreed to assign. transfer and sell to Assignee. and Assignee has agreed to purchase from Assignor all of  Assignor's  right ,  title and  interest in  the  Assigned  Interests for a total purchase price of 1,500,000 common shares par value $0.000 l of New Bridge Global Ventures. Inc. --NBGY Stock"

NOW. THEREFORE , in consideration of the mutual covenants. terms and conditions set forth in this Agreement. and fi.)r other good and valuable consideration. the receipt and sufficiency of which are hereby) acknowledged, the parties agree as follows:

I .        Assignment.  Assignor hereby assigns and  transfers to Assignee all of the Assignors  right. title and interest in and to the Assigned Interest, including all voting. consent and financial rights now or hereafter existing and associated with ownership of the Assigned Inter est.

2. Representations and Warranties of Assignor. The Assignor represents and warrants that (a) Assignor is the true and lawful owner of the Assigned Interest and has good title to the same: (b) the Assignor has made 110 prior assignment or sale of the Assigned   Interest and that no other person or entity has any right   title or interest therein: (c) the execution and delivery hereof by the Assignor and the 

assignment of all its right. title and interest in and to the Assigned Interest does not contravene any agreement to which the Assignor is a pa11y or by which it or its prope11y. or the Corporation’s property is bound: ( u) no liens encumbrances. charges or security interests of any kind exist on the date hereof against the Assigned Interest: and (e) Assignor hereby warrants and defends title to the Assigned Interest to Assignee against the claims and demands of all per sons.

3. Representations and Warranties of Assignee. Assignee represents , warrants and agrees that Assignee is acquiring the securities represented by the Assigned Interest for its own account. solely for investment purposes. and not with a view to resale of said securities. 

4. Acceptance by Assignee. Assignee: (a) accepts the assignment of all of Assi gnor’s right. title and interest in and to the Assigned Interest: and (b) agrees to be bound by all of the term s. covenant s. and 

conditions of this Agreement and of that ce11ain Operating Agreement of the Company. as amended (the '"Operating Agreement”). a true. complete and correct copy of which is attached hereto as Exhibit A. Assignee hereby indemnifies and holds Assignor, and its manager. Directors. employees. members and agents harm less against any and all losses. costs and expenses (including reasonable attorneys arising out of any obligations of Assignee relating to the Assigned Interest which occur on or after. or arise from events occurring on or after. the date hereof.

5. Absolute Conveyance. The  conveyance  of  the  Assigned  Interest  hereunder  is  an  absolute transfer w Assignee. free and clear of all liens and restrictions . 

6. Heirs. Successors and Assigns. This Agreement shall bind and inure to the benefit of the pai1ies hereto and their respective SL1ccessors and assigns. 

7. Governing Laws. This Agreement and all other instruments referred to herein shall be governed 

b). and shall be construed according to. the laws of the State of Nevada, without regard to conflict or law rules.

8. Counterparts. This Agreement may be executed in any number of counterparts, each of which 

\when so executed and delivered shall be deemed an original for all purposes, and all such counterparts shall together constitute but one and the same instrument.. A signed copy of' this Agreement delivered by either facsimile or e-mail shall be deemed to have the same legal effect as delivery of' an original signed copy of this; Assignment. Notwithstanding the foregoing. each party hereto shall deliver original counterpart signatures to the other parties on or before the date hereof

9. Amendments and Modifications. This Agreement may not be modified or amended 111 any manner other than by a written agreement signed by the party to he charged. 

10. Defined Terms. Capitalized terms used herein but not otherwise defined shall have the meanings ascribed to such terms in the Operating Agreement. 

IN WITNESS WHEREOF, the parties s hereto have executed this Agreement as of' the date set forth above.

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Assignment And Assumption Agreement

Jump to section, need help with a legal contract, what is an assignment and assumption agreement.

An assignment and assumption agreement transfers one party's rights and obligations to a third party. The party making the assignment is called the assignor, while the third party accepting the assignment is known as the assignee.

The assignor assigns their rights and duties under the contract to the assignee and the assignee accepts, or "assumes," those rights and duties.

The other party to the initial contract must also consent to the transfer of rights and obligations to the assignee. For a valid assignment and assumption agreement, the initial contract must provide for the possibility of assignment by one of the initial contracting parties.

Common Sections in Assignment And Assumption Agreements

Below is a list of common sections included in Assignment And Assumption Agreements. These sections are linked to the below sample agreement for you to explore.

Assignment And Assumption Agreement Sample

Reference : Security Exchange Commission - Edgar Database, EX-99.D.13 3 d416323dex99d13.htm ASSIGNMENT AND ASSUMPTION AGREEMENT , Viewed October 6, 2021, View Source on SEC .

Who Helps With Assignment And Assumption Agreements?

Lawyers with backgrounds working on assignment and assumption agreements work with clients to help. Do you need help with an assignment and assumption agreement?

Post a project  in ContractsCounsel's marketplace to get free bids from lawyers to draft, review, or negotiate assignment and assumption agreements. All lawyers are vetted by our team and peer reviewed by our customers for you to explore before hiring.

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Kelynn P. on ContractsCounsel

Kelynn was born and raised in Cleveland, Ohio. She attended Spelman College in Atlanta, Georgia where she earned a Bachelor of Arts in Philosophy, and thereafter returned to Cleveland for law school . She earned her Juris Doctor at Cleveland State University - Cleveland Marshall College of Law. She primarily practices insurance defense and civil litigation. She has also practiced in a variety of other areas including family law, contract disputes, contract review, complex civil litigation, medical malpractice, products liability, and mass tort.

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Howdy', I've done employment contracts, software development contracts, and everything else including automotive financing deals and even booth agreements for hair and beauty salons.

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Ryan Clement, the Principal Attorney at Business and Technology Legal Group (www.businessandtechlawyers.com), has been a Colorado licensed attorney for almost 20 years and has extensive experience in all matters related to corporate law, software and technology law, intellectual property, data privacy and security, business startups/formation, commercial transactional matters, general business counsel, compliance, and litigation. Ryan graduated with high honors from the University of California, Santa Barbara before attending the University of California, Davis School of Law and graduating in 2004. Post-law school, he completed an esteemed two-year judicial clerkship at the Second Judicial District Court of Nevada. In 2007, Ryan Clement became a licensed attorney in private practice, working at several prestigious law firms before forming and operating his own successful law firm in 2012 at the age of only 31. This keen business acumen and entrepreneurial drive was the impetus behind Ryan’s desire to practice business and technology law, ultimately forming the foundation of Business and Technology Legal Group. In addition to his top-tier legal credentials, Ryan also holds a Master of Business Administration (MBA) degree from the University of Colorado, Denver, and has over a decade of experience working in the software industry at Fortune 500 and publicly traded companies. This vast experience in the technology and software sector, combined with his many years as an attorney provides the intersection of legal, technical, and business skill sets that sets Ryan apart from the crowd of business and technology attorneys in the market.

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I am a legal consultant & fully licensed attorney in New Jersey & Pennsylvania. During my 29+ years, I have tried over civil 120 jury trials; on both sides- as Plaintiff & as Defendant. My trial success rate is 85%. My focus is a practical, common sense approach, to solve legal issues. I have assisted in establishing 226 businesses in over 22 countries. I have reviewed thousands of commercial contracts for completeness & legal protection for the parties. I have procured & drafted contracts & agreements for municipalities, charitable organizations, start ups & more. I manage 3 LLC's in Florida. Wills & Estates is another practice area. The best way to get to know me & my legal services is to reach out & start a conversation.

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I received my undergraduate degree from Columbia University and my JD from UC Davis School of Law. I specialize in drafting, reviewing, and litigating contracts, general civil litigation, restraining orders, and family law. I have helped entrepreneurs form their business entities and grow their small business. This area of my practice has focused heavily on YouTubers, podcasters, and individuals creating unique online platforms. In the family law context, I have helped my clients petition for and obtain custody of their children and modify existing custody arrangements.

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I am an experienced transactional and trial attorney that litigates throughout Ohio. I have successfully tried numerous jury trials for clients from business disputes to those charged with offenses ranging from domestic violence to aggravated murder. My cases have been featured in the media, both television and print.

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I'm a commercially-oriented corporate lawyer with extensive experience in online games, media & entertainment, cross-border transactions, and general commercial matters. I started my career as an Associate in a Wall Street law firm before taking on in-house roles with global games and media companies while living and working in key markets across Asia Pacific. Through my experience across diverse industries and roles, I have worked on both multi-million dollar transactions (M&A, joint ventures) as well as routine day-to-day matters (NDAs, vendor services agreements, commercial leases, employment contracts). I also have extensive business experience with PnL responsibility, and am thus adept at helping clients find practical solutions that balance risks with commercial objectives. I split my time between California and Taiwan, and am able to match my client's schedule in any time zone.

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IMAGES

  1. FREE 10+ Sample Assignment Agreement Templates in PDF

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  2. 10 Cool Facts About Arctic Foxes

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    1. Assignment. Assignor hereby sells, assigns and transfers to Assignee all of Assignor's right, title and interest in and to the Loan, the Loan Documents, that

  6. Understanding an assignment and assumption agreement

    An assignment and assumption agreement is used after a contract is signed, in order to transfer one of the contracting party's rights and obligations to a third

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    Transfer of Interests. Assignor hereby sells, assigns, transfers and delivers unto. Assignee (a) all of Assignor's right, title and interest in and to the

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    intending to be legally bound, REACH 9, LLC, a South Carolina limited liability company ("Assignor"), hereby sells, assigns, transfers and conveys to BELLE.

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    I . Assignment. Assignor hereby assigns and transfers to Assignee all of the Assignors right. title and interest in and to the Assigned Interest, including all

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    But how would the outright transfer of a lessor's interest in a lease via a standard US law assignment and assumption agreement be treated under the

  13. APPENDIX 3B: FORM OF ASSIGNMENT AND ASSUMPTION

    assumption but Assignee, as the successor Borrower for purposes of the Assigned Interest, shall have liability for the representations and warranties made

  14. Assignment And Assumption Agreement: Definition & Sample

    WHEREAS, Assignor desires to assign all of its rights, interests and obligations under certain contracts to which it is a party to Assignee as set forth herein