Assigned Assets definition
Examples of Assigned Assets in a sentence
Assignor agrees to (i) deliver to Assignee all existing books and records, (ii) execute and deliver all additional and reasonably necessary documents upon Assignor’s reasonable discretion, promptly upon request by ▇▇▇▇▇▇▇▇, and (iii) endorse all indicia of ownership, where required by Assignee in order to complete the transfer of all Assigned Assets to Assignee as intended by this General Assignment.
Further, the assignment of the Assigned Assets by Assignor to Assignee hereunder is and shall be subject to all properly perfected liens encumbering any of the Assigned Assets existing as of the Effective Date.
Assignor shall indemnify and hold harmless Assignee from and against damages that arise out of or result from Assignor’s acts or omissions with respect to the Assigned Assets.
To sell or otherwise dispose of all of the Assigned Assets, including, without limitation, all of Assignor’s equipment and causes of action in such manner as Assignee deems best.
The Assignor further represents and warrants to the Company that to the best of Assignor’s knowledge the Assigned Assets are free of any claim of any prior employer or third party client of the Assignor or any school, university or other institution the Assignor attended, and that the Assignor is not aware of any claims by any third party to any rights of any kind in or to any of the Assigned Assets.