Answer:-
It outlines the terms of the transfer, including any conditions or considerations involved. This document is crucial in various situations such as transferring intellectual property rights, real estate ownership, or debt obligations. By formalizing the transfer through a deed of assignment, both parties ensure clarity and legality in the transaction, protecting their interests. It's essential to understand the specifics of the transfer and seek legal advice if needed to ensure the process is properly executed and legally binding.
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