[NOTE: This is a very simple assignment without contractual protections for any of the parties.]
THIS ASSIGNMENT dated as of ______, is executed and delivered by ______________ a ______________ ("Assignor"), to ______________, a _____________ ("Assignee").
For good and valuable consideration, the receipt and legal sufficiency of which is hereby acknowledged by Assignor, Assignor does hereby assign, transfer, grant, convey and set over unto Assignee and its successors and assigns, free and clear of any liens, charges and encumbrances of every and any kind and description, to have and to hold forever, all of Assignor's right, title, interest, obligations and duty of performance under the lease between Assignor and _________________, dated _____________, for premises located at __________________ (the "Lease").
IN WITNESS WHEREOF, Assignor has caused this Assignment to be duly executed and delivered on the date first above written.
For good and valuable consideration, the receipt and legal sufficiency of which is hereby acknowledged by Assignee, Assignee hereby accepts the foregoing Assignment and agrees to assume and perform all duties and obligations to be performed by Assignor under the Lease, subject to the Landlord Consent to Assignment dated as of __________, by and among ________________, a _______________, Assignor and Assignee, accruing on and after the date of this Assignment.
IN WITNESS WHEREOF, Assignee has caused this Acceptance and Assumption of the Assignment to be duly executed and delivered effective on the date first above written.
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