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Assignment Agreement Form

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corynnmarino5
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12 views

Assignment Agreement Form

Uploaded by

corynnmarino5
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 3

ASSIGNMENTAGREEMENT

I. THE PARTIES. This Assignment Agreement (“Agreement”) is made on the______day of


_______________2017 (“Effective Date”) by and between:

Assignor(s): One (1) individual(s) known as JAMES SMITH , with a a mailing address of 4780 SW
86th Terrace, Miami , Florida, 33143 ("Assignor"),

AND

Assignee(s): One (1) known as MARY MABRY BORGES , with a mailing address of 6529 SW 40th
Ave, Miami , Florida, 33134 ("Assignee").

The above-referenced Assignor(s) and Assignee(s) may each be referred to as a “Party” and collectively
referred to herein as the “Parties.”

II. THE ASSIGNMENT. The Parties agree that under this Agreement, the Assignor(s) shall assign,
convey, and transfer all their interest in the following to the Assignee(s): A house 7 bedrooms Fully
Duplex
The size is: 10,051 sqft
9 bath
1.04 acre lot
Address: 4780 SW 86th Terrace, Miami FL.
33143

Hereinafter known as the “Assignment.”

III. TRANSFER. The Parties agree that the Assignor(s) is transferring the Assignment to the
Assignee(s) in exchange for a cash payment in the amount of $6,500,000.00. The Payment Amount
must be made, in full, within 2 days after the Effective Date.

IV. LIABILITIES. The Assignor(s) hereby claims and warrants to hold the interest described in the
Assignment and that it does not contain any lien(s), claim(s), or encumbrance(s).

V. 3RD PARTY APPROVAL. There is no 3rd party required for this Agreement to be in effect. The
only requirement is for both Parties to place their authorized signature on the last page of this
Agreement.

VI. ASSUMPTION. The Assignee(s) acknowledges and agrees to assume the transfer and ownership
of all liabilities, obligations, and claims that currently exist or may in the future regarding the
Assignment. As of the Effective Date, the Assignee(s) agrees to comply with all terms, make all
payments, and perform all the conditions, covenants, and any other duties as part of the Assignment.

VII. PARTIES’ REPRESENTATIONS. The Assignee(s) acknowledges that they have a full
understanding of the Assignment and the terms of this Agreement. The Assignor(s) further warrants that
they own the rights transferred in the Assignment and understand the terms of this Agreement. Both
Parties agree to provide and complete any obligations under this Agreement or the Assignment.

Page 1
VIII. SEVERABILITY. If any term, covenant, condition, or provision of this Agreement is held by a
court of competent jurisdiction to be invalid, void, or unenforceable, the remainder of the provisions
shall remain in full force and effect and shall in no way be affected, impaired, or invalidated.

IX. GOVERNING LAW. This Agreement shall be governed under the laws located in the State of
Florida.

X. WAIVER. The failure of either Party to enforce any provision of this Agreement shall not be
deemed a waiver or limitation of that Party’s right to subsequently enforce and compel strict
compliance with every provision of this Agreement.

XI. ENTIRE AGREEMENT. This Agreement constitutes the entire Agreement between the Parties.
No modification or amendment of this Agreement shall be effective unless in writing and signed by
both Parties.

Assignor(s) Signature:____________________________ Date: ___________________


Print Name: JAMES SMITH

Assignee(s) Signature:____________________________ Date: ____________________


Print Name: MARY MABRY BORGES

Page 2
Notary Acknowledgement

State of

County of

On this day of , 2017 , before me personally appeared JAMES SMITH ,


known to me or satisfactorily proven to me to be the person whose name is subscribed in the
foregoing instrument, and acknowledged the due execution of the same.

Signature

Notary Public

My Commission Expires:

State of

County of

On this day of , 2017, before me personally appeared MARY MABRY


BORGES
, known to me or satisfactorily proven to me to be the person whose name is subscribed in the
foregoing instrument, and acknowledged the due execution of the same.

Signature

Notary Public

My Commission Expires:

Page 3

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