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The assignor is definitely the occasion in the original contract who's transferring their legal rights and obligations to a whole new personal or Corporation.

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There can even be a third party that is the person or Company that entered into the initial agreement with the assignor.

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In thought thereof, the Assignor acknowledges receipt of $__________ paid out by funds from the Assignee. The Assignor warrants and covenants the following with regards to the contractual rights which the Assignor has assigned: that they are nevertheless owing to the Assignor about and previously mentioned all promises for set-off or if not;

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