(U.S.) An agreement that a production company must sign with the A. F. of M. in order to use the services of union members on a film or television music recording session. The agreement covers various issues including who is responsible for paying potential future payments to the musicians based on any new uses of the music. The agreement also specifies any special payments to the musicians that may be required in the future based on the success of the film.
an agreement to take over an obligation or debt that belongs to another person. If you're interested in foreclosed homes, you may often get great deals on repossessed properties by signing an assumption agreement with a house owner who is facing foreclosure.This means that you essentially purchase the property in pre-foreclosure.
An undertaking of a debt or obligation primarily resting upon another person.
A contract, by deed or other agreement, through which a buyer acquires title to property and undertakes the obligations of an existing mortgage.
A legal document signed by a home buyer that requires the buyer to assume responsibility for the obligations of a former owner's mortgage. If someone assumes your mortgage, make sure that you get a release from the mortgage company to ensure that you are no longer liable for the debt.
An agreement under which a person (usually a buyer) "assumes" (that is, agree to pay) a note and mortgage or deed of trust on a property.
A legal document signed by a home buyer which requires the buyer to assume responsibility for the obligations of a mortgage made by a former owner.
A legal document signed by a home buyer that requires the buyer to assume responsibility for the obligations of a mortgage by the builder or the original owner.
A buyer assumes responsibility of an original owners or builders mortgage.
A written agreement by one party to pay an obligation originally incurred by another.
A legal document signed by the homebuyer that requires the buyer to assume responsibility for the obligations of a mortgage by the builder or the previous owner.
An agreement to undertake a debt or obligation contracted by another.