1. Acceptance of Assignment. I, [name], residing at [address], accept the assignment by [name of corporation] of an agreement made between it and [name], dated [date], and more fully described in an instrument of assignment dated [date], executed by [name of corporation].
2. Assumption of Duties and Obligations. I assume the performance of all duties and obligations required of [name of corporation] under the assigned agreement.
3. Hold Assignor Harmless. I will hold [name of corporation] harmless from any liability or loss resulting from my performance or nonperformance of the duties and obligations assumed by me.