The Assignment Of Debt Agreement is a crucial legal instrument in Malaysian commercial practice, used when transferring debt obligations and associated rights from one party to another. This document is commonly utilized in debt restructuring, portfolio sales, corporate reorganizations, or when financial institutions sell or transfer loan portfolios. It must comply with Malaysian legal requirements, particularly the Contracts Act 1950, Financial Services Act 2013, and Stamp Act 1949. The agreement includes essential details about the debt being assigned, consideration for the assignment, warranties about the debt's status, and mechanisms for the transfer. It's particularly important in ensuring clear documentation of the debt transfer chain and protecting the rights of all parties involved in the transaction.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identifies and defines the Assignor (current debt holder), Assignee (party receiving the debt), and Debtor
2. Background: Explains the context of the original debt and the intention to assign it
3. Definitions: Defines key terms used throughout the agreement
4. Assignment: Core clause detailing the transfer of debt and all associated rights
5. Consideration: Specifies the payment or consideration for the assignment
6. Representations and Warranties: Assignor's warranties regarding ownership, right to assign, and status of the debt
7. Assignor's Obligations: Details the Assignor's duties in facilitating the assignment and future responsibilities
8. Assignee's Obligations: Outlines the Assignee's responsibilities and commitments
9. Debtor's Acknowledgment: Confirmation of the debt and acceptance of the assignment
10. Completion: Details of when and how the assignment will be completed
11. Notices: Specifies how formal communications between parties should be made
12. Governing Law and Jurisdiction: Specifies Malaysian law as governing law and relevant jurisdiction
13. Execution: Signature blocks and execution requirements
1. Security: Include when the debt is secured by collateral or guarantees
2. Partial Assignment: Include when only a portion of the debt is being assigned
3. Conditions Precedent: Include when assignment is subject to specific conditions being met
4. Further Assurance: Include when additional documentation or actions may be required post-assignment
5. Confidentiality: Include when parties need to maintain confidentiality about the assignment
6. Tax Provisions: Include when there are specific tax implications to be addressed
7. Assignment Restrictions: Include when there are limitations on further assignment
8. Costs and Expenses: Include when there's a need to specify who bears various transaction costs
1. Schedule 1 - Debt Details: Detailed description of the debt being assigned, including amount, interest rate, payment terms
2. Schedule 2 - Original Debt Agreement: Copy or details of the original agreement creating the debt
3. Schedule 3 - Payment Details: Details of consideration payment and bank account information
4. Schedule 4 - Security Details: If applicable, details of any security or collateral associated with the debt
5. Schedule 5 - Required Notices: Forms of notices required to perfect the assignment
6. Appendix A - Supporting Documents: List of all relevant supporting documents and certificates
Find the exact document you need
Transfer Of Intellectual Property Agreement
A Malaysian law-governed agreement facilitating the complete transfer of intellectual property rights between parties, including associated rights and registration requirements.
Download
Assignment Of Lease To New Owner Form
A Malaysian legal document that transfers lease rights and obligations from an existing tenant to a new tenant, subject to Malaysian property law and landlord consent.
Download
Assignment Letter Contract
A Malaysian employment document that establishes formal terms and conditions between employer and employee, compliant with local employment laws.
Download
Assignment Of License Agreement
A Malaysian law-governed agreement for transferring license rights from an existing licensee to a new licensee, maintaining original license terms.
Download
Short Form Assignment Agreement
A simplified Malaysian law-governed agreement for transferring rights or property from one party to another, suitable for straightforward assignments.
Download
Invention Assignment Agreement
A Malaysian law-governed agreement that transfers invention rights from inventors to their employers or contracting companies, ensuring proper assignment of intellectual property.
Download
Debt Assumption Agreement
A Malaysian law-governed agreement facilitating the transfer of debt obligations from one party to another, with creditor consent.
Download
Assignment Of Sublease
A Malaysian legal document transferring sublease rights and obligations from an existing subtenant to a new subtenant, subject to Malaysian property law requirements.
Download
Assignment Of Security Agreement
A Malaysian law document that transfers rights and interests under an existing security agreement from one party to another, ensuring compliance with local security and registration requirements.
Download
Assignment Of Management Agreement
A Malaysian law-governed agreement that transfers management rights and obligations from one party to another, with the principal's consent.
Download
Assignment Of Debt Agreement
A Malaysian law-governed agreement that transfers debt rights and obligations from one party to another, including all associated rights and enforcement capabilities.
Download
Assignment Of Lease To New Owner
A Malaysian law-compliant document that transfers lease rights and obligations from an existing tenant to a new tenant, requiring landlord's consent and proper legal execution.
Download
Assign Tenancy Agreement
A Malaysian law-governed agreement transferring tenancy rights and obligations from an existing tenant to a new tenant, with landlord's consent.
Download
Short Form Copyright Assignment
A concise Malaysian law-compliant agreement for transferring copyright ownership from one party to another.
Download
Assignment Of Lease By Landlord
A Malaysian legal document transferring a landlord's rights and obligations under an existing lease to a new landlord, compliant with Malaysian property law.
Download
Copyright Assignment Contract
A Malaysian law-compliant agreement for the complete transfer of copyright ownership from one party to another, governed by the Copyright Act 1987.
Download
Debt Transfer Agreement
A Malaysian law-governed agreement facilitating the transfer of debt obligations from an original debtor to a new debtor, with creditor's consent.
Download
Transfer Of Copyright Agreement
A Malaysian law-compliant agreement for transferring complete copyright ownership from one party to another, including all associated rights and interests.
Download
Intellectual Property Assignment Agreement
A Malaysian law-governed agreement for transferring ownership of intellectual property rights from an Assignor to an Assignee.
Download
Copyright Assignment Agreement
A Malaysian law-governed agreement for transferring complete copyright ownership from one party to another, aligned with the Copyright Act 1987.
Download
Assignment Of Lease
A Malaysian law-compliant document that transfers lease rights from an existing tenant to a new tenant, including all necessary legal provisions and requirements.
Download
Assignment Contract
A Malaysian law-governed contract facilitating the transfer of rights, obligations, or assets from an Assignor to an Assignee.
Download
Proprietary Inventions And Assignment Agreement
A Malaysian law-governed agreement establishing employer ownership of employee-created inventions and intellectual property, including assignment and protection mechanisms.
Download
Property Assignment Contract
A Malaysian legal document facilitating property ownership transfer between parties, compliant with the National Land Code 1965 and local property laws.
Download
Lease Transfer Agreement
A Malaysian law-governed agreement transferring lease rights and obligations from an existing tenant to a new tenant, with landlord's consent.
Download
Commercial Lease Assignment
Malaysian law-compliant document transferring commercial lease rights from existing tenant to new tenant, with landlord's consent.
Download
Assignment Of Service Contract
A Malaysian law-governed agreement transferring rights and obligations under a service contract from one provider to another.
Download
Assignment Of Rental Agreement
A Malaysian legal document that transfers rental rights and obligations from an existing tenant to a new tenant, with landlord's consent.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)