Assignment Of Debt Agreement for United Arab Emirates

Assignment Of Debt Agreement Template for United Arab Emirates

A comprehensive legal document governed by UAE law that facilitates the transfer of debt from one party (assignor) to another (assignee). This agreement ensures compliance with UAE Civil Code requirements and includes provisions for debt transfer, representations and warranties, notice requirements, and payment arrangements. The document addresses both the substantive requirements under UAE law and practical commercial considerations, incorporating necessary provisions for Islamic finance compliance where applicable. It includes detailed schedules for debt specifications, payment histories, and required notices, ensuring a complete and enforceable transfer of debt rights and obligations.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Assignment Of Debt Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Assignment Of Debt Agreement?

The Assignment Of Debt Agreement Template is designed for use in the United Arab Emirates when one party wishes to transfer its rights as a creditor to another party. This document is essential in various commercial and financial transactions, including debt portfolio sales, corporate restructuring, or business acquisitions. The template ensures compliance with UAE Federal Law No. 5 of 1985 (Civil Code) and other relevant regulations, including Islamic finance principles where applicable. It covers crucial elements such as debt identification, transfer terms, warranties, notice requirements, and enforcement mechanisms. The agreement is particularly important in the UAE market where debt assignments must carefully balance civil law requirements, Sharia principles, and commercial practicality. It includes comprehensive provisions for protecting all parties' interests while ensuring the assignment's enforceability under UAE law.

What sections should be included in a Assignment Of Debt Agreement?

1. Parties: Identification of the Assignor (current creditor), Assignee (new creditor), and acknowledgment of the Debtor

2. Background: Context of the original debt, reason for assignment, and current status of the debt

3. Definitions: Key terms used in the agreement, including 'Debt', 'Assignment Date', 'Original Agreement', etc.

4. Assignment: Core provision transferring the debt from Assignor to Assignee, including the effective date and consideration

5. Representations and Warranties: Assignor's warranties regarding ownership, validity, and status of the debt

6. Notice and Acknowledgment: Provisions regarding notification to the Debtor and obtaining acknowledgment as required by UAE law

7. Payment Arrangements: Details of how future payments will be made and handled post-assignment

8. Rights and Obligations: Transfer of associated rights and continuing obligations of parties

9. Governing Law and Jurisdiction: Specification of UAE law governance and jurisdiction for disputes

10. General Provisions: Standard boilerplate clauses including amendments, notices, and severability

What sections are optional to include in a Assignment Of Debt Agreement?

1. Security Transfer: Required when existing security needs to be transferred along with the debt

2. Regulatory Compliance: Needed when assignment involves regulated entities or requires regulatory approvals

3. Islamic Finance Compliance: Required when the assignment needs to comply with Sharia principles

4. Third Party Consents: Include when assignment requires consent from additional parties

5. Tax Provisions: Required when there are specific tax implications or arrangements

6. Further Assurance: Optional section for additional cooperation requirements post-assignment

7. Costs and Expenses: Optional section detailing how transaction costs are to be allocated

What schedules should be included in a Assignment Of Debt Agreement?

1. Schedule 1 - Details of the Debt: Comprehensive details of the debt being assigned, including amount, interest, payment terms

2. Schedule 2 - Original Debt Agreement: Copy or details of the agreement creating the original debt

3. Schedule 3 - Payment History: Record of payments made and outstanding balance

4. Schedule 4 - Security Documents: List and copies of any security documents related to the debt

5. Schedule 5 - Form of Notice to Debtor: Template for formal notification to the debtor of the assignment

6. Schedule 6 - Form of Acknowledgment: Template for debtor's acknowledgment of the assignment

7. Appendix A - Supporting Documents: Any additional relevant documentation supporting the assignment

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Publisher

Genie AI

Document Type

Loan Agreement

Cost

Free to use
Relevant Industries

Banking and Financial Services

Commercial Real Estate

Corporate Finance

Investment Management

Insurance

Manufacturing

Trading and Commerce

Construction

Healthcare

Professional Services

Relevant Teams

Legal

Finance

Treasury

Credit Management

Risk Management

Compliance

Commercial Operations

Debt Collection

Corporate Finance

Investment

Portfolio Management

Relevant Roles

Chief Financial Officer

Finance Director

Legal Counsel

Corporate Lawyer

Finance Manager

Credit Manager

Risk Manager

Treasury Manager

Debt Collection Manager

Commercial Director

Investment Manager

Portfolio Manager

Compliance Officer

Contract Administrator

Financial Controller

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Salary Loan Agreement

UAE-governed agreement establishing terms for a salary-backed personal loan between a financial institution and employed individual, including salary assignment provisions.

find out more

Project Finance Loan Agreement

A UAE-law governed template for project finance loans, integrating conventional and Islamic finance principles for large-scale projects.

find out more

OverAgreement

UAE-governed agreement establishing terms for bank overdraft facilities, including limits, rates, and security arrangements under UAE banking regulations.

find out more

Non Recourse Loan Agreement

UAE-law non-recourse loan template for secured financing, limiting lender's recourse to designated collateral assets.

find out more

Mezzanine Loan Agreement

A UAE-law mezzanine loan template addressing Sharia compliance, regulatory requirements, and security interests for financing arrangements.

find out more

Loan Participation Agreement

A UAE banking document template for structuring loan participation agreements, compliant with local laws and international standards.

find out more

Loan Note Register

UAE-compliant template for maintaining a structured register of loan notes, ensuring proper documentation and regulatory compliance under UAE federal laws.

find out more

Loan Facility Agreement

A UAE legal document template for establishing credit facilities, incorporating conventional and Islamic financing options.

find out more

Loan Consent Form

A UAE-compliant document capturing formal consent and acknowledgment from parties involved in a lending transaction, adhering to UAE Federal Laws and Banking regulations.

find out more

Litigation Financing Agreement

UAE law-governed agreement establishing terms for third-party funding of litigation, including funding commitments, success fees, and control mechanisms.

find out more

Inter Corporate Loan Agreement

UAE-governed agreement establishing terms for corporate-to-corporate lending, including loan facility, security, and enforcement provisions under UAE law.

find out more

House Loan Contract

UAE-governed agreement between a financial institution and borrower for property financing, detailing loan terms and mortgage security arrangements.

find out more

Hand Loan Agreement

A UAE-compliant agreement documenting a personal loan between parties, outlining loan terms and repayment conditions in accordance with UAE Civil Code and Sharia principles.

find out more

Flexi Finance Loan Agreement

UAE-governed flexible loan facility agreement allowing variable drawdowns subject to a maximum limit, compliant with UAE banking and finance laws.

find out more

Facility Letter Mortgage

A UAE-compliant document combining a credit facility offer with mortgage security arrangements, outlining financing terms and property security details under UAE Federal and Emirates laws.

find out more

Employee Forgivable Loan Agreement

A UAE legal document offering forgivable loans to employees, ensuring retention through compliance with local labor laws and Sharia principles.

find out more

Employee Equipment Loan Agreement

A UAE legal document outlining terms for employee equipment loans, ensuring compliance with labor and property laws.

find out more

Employee Cash Advance Agreement

A UAE legal document outlining salary advance terms, ensuring compliance with labor laws and protecting employer-employee interests.

find out more

Domestic Helper Loan Agreement

A UAE legal document outlining loan terms for domestic helpers, ensuring compliance with employment and financial regulations.

find out more

Device Loan Agreement

A UAE legal document for loaning electronic devices, detailing usage, maintenance, and return conditions.

find out more

Debt To Equity Conversion Agreement

A UAE legal document for converting company debt into equity, ensuring compliance with local laws and regulations.

find out more

Credit Terms Agreement

UAE-compliant credit terms agreement template establishing terms and conditions for credit facilities between financial institutions and borrowers.

find out more

Borrowing Form

A UAE legal template for documenting lending arrangements, accommodating both conventional and Islamic financing principles.

find out more

Assignment Of Loan Agreement

A UAE law-governed agreement transferring rights and obligations under an existing loan from one lender to another, compliant with UAE Civil Code and banking regulations.

find out more

Assignment Of Debt Agreement

A UAE legal document for transferring creditor rights, ensuring compliance with civil and Sharia law principles.

find out more

Agreement Between Two Persons For Money

UAE-governed agreement formalizing monetary arrangements between two individuals, compliant with UAE Civil Code and Sharia principles.

find out more

Title Loan Agreement

A UAE legal document for vehicle-secured loans, ensuring compliance with local laws and Sharia principles.

find out more

Money Lending Form

UAE-compliant lending agreement template suitable for both conventional and Islamic financing arrangements, incorporating local regulatory requirements and banking practices.

find out more

Subordinated Loan Agreement

UAE law-governed template for subordinated loan arrangements, establishing terms and conditions for subordinated debt financing in compliance with UAE regulations.

find out more

Forgivable Loan Agreement

A UAE legal template for forgivable loans, detailing terms, forgiveness conditions, and compliance with local laws.

find out more

Loan Agreement With Guarantor

A UAE legal template for secured loans with guarantor, ensuring compliance with local lending and guarantee laws.

find out more

Payday Loan Contract

A UAE-law governed payday loan contract template for short-term loans, incorporating regulatory and consumer protection provisions.

find out more

Simple Loan Application Form

A UAE banking sector template for standardized loan applications, integrating conventional and Islamic financing options.

find out more

Loan Guarantor Agreement

A UAE legal document for third-party loan guarantee, ensuring compliance with local banking and Sharia regulations.

find out more

Employee Laptop Agreement

UAE-governed agreement establishing terms for company laptop provision to employees, including usage policies and security requirements.

find out more

Debt Purchase Agreement

A UAE legal template for debt purchase agreements, ensuring compliance with federal laws and Islamic finance principles.

find out more

Personal Loan Receipt

A UAE banking document detailing personal loan terms, ensuring compliance with local regulations and consumer protection laws.

find out more

Simple Convertible Loan Agreement

UAE law-governed convertible loan agreement template for company financing with loan-to-equity conversion options.

find out more

Work Loan Agreement

A UAE-governed agreement establishing terms for an employer-provided loan to an employee, including repayment terms and obligations under UAE Federal Laws.

find out more

Board Resolution To Borrow

A UAE legal document authorizing corporate borrowing, detailing board approval, loan terms, and designated signatories.

find out more
See more related templates

Genie’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; Genie’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

2 Docs LeftAccess Now