Acknowledgement of Assignments and Servicing Clause Samples

The Acknowledgement of Assignments and Servicing clause formally recognizes that certain rights or obligations under an agreement may be transferred to another party and that servicing responsibilities may be delegated. In practice, this clause typically requires the original parties to acknowledge any assignments of interests, such as the transfer of payment rights or servicing duties, and may obligate them to cooperate with the new assignee or servicer. Its core function is to ensure all parties are aware of and agree to the transfer or delegation, thereby preventing disputes and maintaining continuity in the administration of the agreement.