The Loan Assignment And Assumption Agreement is a crucial document used in Malaysian financial transactions when an existing lender wishes to transfer its rights and obligations under a loan agreement to a new lender. This document is commonly used in debt restructuring, portfolio sales, or when financial institutions need to rebalance their loan books. It must comply with Malaysian legal requirements, including the Contracts Act 1950, Civil Law Act 1956, and where applicable, the Financial Services Act 2013. The agreement comprehensively documents the assignment price, payment terms, representations and warranties, and any security interest transfers. It requires careful consideration of existing loan terms, regulatory requirements, and often needs borrower consent. The document is particularly important in ensuring smooth transition of loan obligations while maintaining legal enforceability under Malaysian law.
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 all parties to the agreement: Assignor (original lender), Assignee (new lender), Borrower, and any guarantors
2. Background: Recitals explaining the original loan agreement, reason for assignment, and context of the transaction
3. Definitions: Defines key terms used throughout the agreement, including Loan Agreement, Assigned Rights, Effective Date, etc.
4. Assignment and Assumption: Core provisions detailing the assignment of rights and assumption of obligations
5. Purchase Price and Payment: Details of the consideration paid for the assignment and payment terms
6. Effective Date and Completion: Specifies when the assignment takes effect and conditions for completion
7. Representations and Warranties: Statements of fact and assurances from each party regarding their capacity and authority
8. Borrower's Acknowledgment and Consent: Borrower's formal acknowledgment of the assignment and consent to the transfer
9. Further Assurance: Obligations to execute additional documents or take actions to perfect the assignment
10. Notices: Procedures for giving formal notices under the agreement
11. Governing Law and Jurisdiction: Specifies Malaysian law as governing law and jurisdiction for disputes
12. Execution: Signature blocks and execution formalities
1. Security Assignment: Required if there are any security interests being transferred along with the loan
2. Regulatory Compliance: Include when the assignment involves regulated financial institutions or requires specific regulatory approvals
3. Tax Provisions: Include specific tax-related provisions if the assignment has significant tax implications
4. Guarantor's Consent: Required if the original loan has guarantors who need to consent to the assignment
5. Partial Assignment Provisions: Include if only a portion of the loan is being assigned
6. Confidentiality: Add detailed confidentiality provisions if sensitive commercial information is involved
7. Force Majeure: Include if parties want specific provisions for unforeseen circumstances affecting the assignment
1. Original Loan Agreement: Copy or details of the original loan agreement being assigned
2. Assigned Rights and Obligations: Detailed list of all rights and obligations being transferred
3. Payment Details: Specific details of the assignment consideration and payment mechanisms
4. Security Documents: List and copies of any security documents related to the loan
5. Required Consents: Copies of all third-party consents obtained for the assignment
6. Outstanding Loan Balance: Statement of the current loan balance and payment history
7. Form of Notice: Template for notices to be sent to relevant parties regarding the assignment
Find the exact document you need
Tripartite Assignment Agreement
A Malaysian law agreement facilitating the transfer of contractual rights/obligations between three parties, with formal consent and local legal compliance requirements.
Download
Assignation Agreement
A Malaysian law-governed agreement that transfers rights or obligations from an Assignor to an Assignee, complying with the Contracts Act 1950.
Download
Assignment Of Contract Of Sale
A Malaysian law-governed agreement transferring rights and obligations under an existing sale contract from one party to another.
Download
Assignable Option Agreement
A Malaysian law-governed agreement granting an assignable right to enter into a future transaction, typically used for securing commercial opportunities with transfer rights.
Download
Assignment Of Interest Agreement
A Malaysian law-governed agreement facilitating the transfer of rights, interests, or property from an assignor to an assignee.
Download
Assignment Of Intellectual Property Rights Agreement
A Malaysian law-governed agreement for transferring intellectual property rights from an assignor to an assignee, ensuring complete and legally compliant IP ownership transfer.
Download
Assignment Of Agreement Addendum
A Malaysian law-governed addendum that facilitates the transfer of contractual rights and obligations from one party to another.
Download
Agreement To Assign Contract For Sale And Purchase
A Malaysian law-governed agreement that transfers rights and obligations under a property Sale and Purchase Agreement from an original purchaser to a new purchaser.
Download
Assignment Of Liabilities Agreement
A Malaysian law-governed agreement that transfers specified liabilities from one party to another, detailing the terms, conditions, and obligations of the assignment.
Download
Assignment Of Franchise Agreement
A Malaysian law-governed agreement facilitating the transfer of franchise rights and obligations from an existing franchisee to a new franchisee.
Download
Assignment Of Purchase Agreement
A Malaysian law-governed agreement transferring rights and obligations under a purchase agreement from an original purchaser to a new purchaser.
Download
Assignment Of Payment Agreement
A Malaysian law-governed agreement transferring payment rights from an Assignor to an Assignee, with detailed terms for the assignment of payment obligations.
Download
Assignment Fee Contract
A Malaysian law-governed agreement facilitating the transfer of rights or assets between parties for a specified fee, ensuring legal compliance and protecting parties' interests.
Download
Asset Assignment Agreement
A Malaysian law-governed agreement for transferring ownership rights in assets from an Assignor to an Assignee, including terms, conditions, and regulatory compliance requirements.
Download
Assignment Of Inventions Agreement
A Malaysian law-governed agreement for transferring ownership rights in inventions from an Assignor to an Assignee.
Download
Assignment And Novation Agreement
A Malaysian law-governed agreement that transfers contractual rights and obligations from one party to another, with all parties' consent.
Download
Assignment Of Claim Agreement
A Malaysian law-governed agreement that transfers legal rights or claims from an Assignor to an Assignee, structured under the Malaysian Contracts Act 1950.
Download
Assignment And Transfer Agreement
A Malaysian law-governed agreement that facilitates the formal transfer of rights, assets, or obligations between parties.
Download
Assignment Of Proceeds Agreement
A Malaysian law agreement transferring rights to receive payment or proceeds from one party to another, commonly used in commercial and financing transactions.
Download
Assignment And Assumption Agreement
A Malaysian law-governed agreement facilitating the transfer of rights, obligations, and/or assets from an Assignor to an Assignee, ensuring legal compliance and effective transition.
Download
Lease Assignment Agreement
A Malaysian law-governed agreement transferring lease rights from an existing tenant to a new tenant, with landlord's consent.
Download
Receivables Transfer Agreement
A Malaysian law-governed agreement facilitating the transfer of receivables between parties, detailing terms, conditions, and compliance requirements.
Download
Real Estate Contract Assignment Agreement
A Malaysian law-governed agreement transferring rights and obligations under an existing real estate contract from one party to another.
Download
Loan Assignment And Assumption Agreement
A Malaysian law-governed agreement transferring loan rights from one lender to another, with the borrower's continued obligation assumption.
Download
Loan Assignment Agreement
A Malaysian law-governed agreement that transfers loan rights and obligations from an existing lender to a new lender, ensuring legal compliance and documenting transfer terms.
Download
Lease Assumption Agreement
A Malaysian law-governed agreement that transfers lease rights and obligations from an existing tenant to a new tenant, with landlord's consent.
Download
Employee Assignment Agreement
Malaysian law-governed agreement defining terms for employee assignment to new roles or locations, including duties, compensation, and conditions.
Download
Debt Novation Agreement
A Malaysian law-governed agreement that transfers debt obligations from an original debtor to a new debtor, with creditor consent, creating a new debt obligation while extinguishing the original.
Download
Debt Assignment And Assumption Agreement
A Malaysian law agreement transferring debt obligations from one creditor to another, with debtor acknowledgment and full documentation of transfer terms.
Download
Debt Assignment Agreement
A Malaysian law-governed agreement that transfers debt rights from one party to another, including all associated terms and conditions.
Download
Contract Assignment Agreement
A Malaysian law-governed agreement that transfers contractual rights and obligations from one party to another, subject to the Contracts Act 1950 and related legislation.
Download
Confirmatory Assignment Agreement
A Malaysian law agreement that formally confirms a previous transfer of intellectual property rights, ensuring compliance with local IP regulations and registration requirements.
Download
Assignor And Assignee Agreement
A Malaysian law-governed agreement facilitating the transfer of rights, assets, or obligations from an assignor to an assignee.
Download
Assignment Of Subcontract Agreement
A Malaysian law-governed agreement transferring subcontract rights and obligations from an original subcontractor to a new subcontractor, maintaining compliance with local construction and contract laws.
Download
Assignment Of Shares Agreement
A Malaysian law-governed agreement for the transfer of share ownership from one party to another, compliant with local corporate legislation and regulations.
Download
Wholesale Assignment Contract
A Malaysian law-governed agreement for the transfer of wholesale rights, assets, or contracts between commercial parties.
Download
Vehicle Assignment Agreement
A Malaysian legal document that formalizes the transfer of vehicle ownership rights and responsibilities between parties, complying with local transport regulations.
Download
Assignment Of Rights Agreement
A Malaysian law-governed agreement that transfers specified rights from an Assignor to an Assignee, with provisions for transfer, warranties, and enforcement.
Download
Transfer Of Lease Agreement To New Landlord
A Malaysian law-compliant agreement transferring landlord rights and obligations under an existing lease to a new landlord while maintaining tenant arrangements.
Download
Stock Assignment Agreement
A Malaysian law-governed agreement facilitating the transfer of shares from an assignor to an assignee, including terms, conditions, and regulatory compliance requirements.
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