Common use of Assignment Release Clause in Contracts

Assignment Release. The Assignor hereby assigns to the Assignee and the Assignee hereby accepts from the Assignor, (a) all of the Assignor's right, title and interest in the Partnership, including without limitation, the Partnership Interest, and all of Assignor's interest in the Partnership's capital, profits and distributions and (b) any and all right, title, and interest which the Assignor has under the provisions of New York limited partnership law or any other applicable law, the Partnership Agreement, or in and to any of the Partnership's assets, with respect to the Partnership Interest or other interests so assigned ('(a)' and '(b)' collectively, the "Assigned Interests"); and Assignor and Assignee are exchanging releases.