English translation: ...assumption (of the liabilities and obligations)
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11:01 Nov 18, 2008
French to English translations [PRO] Law/Patents - Law: Contract(s)
French term or phrase:prise en charge (here)
Another question for a spin-off contract between two companies:
L’apport de JCAE est consenti et accepté moyennant prise en charge par EE, en l’acquit de la société apporteuse, des éléments de passif liés à l’Activité
Explanation: The contribution of JCAE is made available and is accepted in consideration of the assumption by EE of the liabilities and obligations specific to the Actvity, the whole with full discharge in favour of the contributing entity.