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Assignment Of Claim Agreement
"I need an Assignment of Claim Agreement under Belgian law for transferring a single trade receivable worth €250,000 from my manufacturing company to a factoring company, with completion scheduled for March 15, 2025, and including standard debtor notification provisions."
1. Parties: Identification of the Assignor and Assignee, including full legal names, registration details, and addresses
2. Background: Context of the assignment, including brief description of the original claim and reason for assignment
3. Definitions: Definitions of key terms used throughout the agreement, including 'Claim', 'Debtor', 'Effective Date', and 'Assignment'
4. Object of Assignment: Detailed description of the claim(s) being assigned, including the original contract details, debtor information, and amount
5. Assignment and Transfer: Core provision effecting the transfer of the claim from Assignor to Assignee
6. Purchase Price: Amount to be paid for the assignment and payment terms
7. Representations and Warranties: Assignor's warranties regarding ownership, validity, and status of the claim
8. Notification: Provisions regarding notification to the debtor and formalities required under Belgian law
9. Further Assurance: Obligations to execute additional documents or take further steps to perfect the assignment
10. Governing Law and Jurisdiction: Specification of Belgian law as governing law and designation of competent courts
1. Security and Guarantees: Required when the assigned claim is secured by collateral or guarantees
2. Post-Assignment Collections: Include when specific arrangements are needed for handling payments received by the Assignor after assignment
3. Tax Provisions: Required when there are specific tax implications that need to be addressed
4. Data Protection: Include when personal data is involved in the assigned claims
5. Anti-Money Laundering: Required for assignments involving financial institutions or large sums
6. Costs and Expenses: Include when there are significant costs associated with the assignment that need to be allocated
7. Partial Assignment: Required when only part of a claim is being assigned
8. Recourse Provisions: Include when specifying whether the assignment is with or without recourse to the Assignor
1. Schedule 1 - Claim Details: Detailed description of the claim(s) being assigned, including contract references, amounts, and payment terms
2. Schedule 2 - Original Contract: Copy of the original contract giving rise to the assigned claim
3. Schedule 3 - Debtor Information: Details of the debtor(s) and their contact information
4. Schedule 4 - Form of Notice: Template notification letter to be sent to the debtor
5. Schedule 5 - Security Documents: Copies of any security documents or guarantees related to the assigned claim
6. Schedule 6 - Power of Attorney: If required, form of power of attorney for the Assignee to act in relation to the claim
Authors
Assignee
Assignor
Assignment
Assignment Date
Business Day
Claim
Claim Documents
Completion
Completion Date
Consideration
Debtor
Effective Date
Encumbrance
Event of Default
Existing Security
Further Assurance
Governmental Authority
Initial Contract
Insolvency Event
Legal Requirements
Losses
Material Adverse Effect
Notice of Assignment
Original Contract
Parties
Payment Date
Purchase Price
Related Rights
Relevant Period
Security Interest
Signing Date
Transaction Documents
Transfer Documents
Working Day
Transfer of Rights
Purchase Price
Payment Terms
Representations and Warranties
Further Assurance
Notification Requirements
Security Interest
Condition Precedent
Condition Subsequent
Completion
Recourse
Indemnification
Confidentiality
Data Protection
Anti-Money Laundering
Force Majeure
Severability
Entire Agreement
Amendment
Waiver
Notices
Assignment and Transfer
Costs and Expenses
Set-Off
Counterparts
Third Party Rights
Time of Essence
Governing Law
Jurisdiction
Dispute Resolution
Banking and Financial Services
Insurance
Commercial Trading
Real Estate
Manufacturing
Professional Services
Healthcare
Construction
Retail
Energy and Utilities
Telecommunications
Asset Management
Debt Collection
Investment Banking
Legal
Finance
Treasury
Credit Control
Debt Collection
Risk Management
Commercial
Compliance
Corporate Finance
Accounts Receivable
Investment
Portfolio Management
Business Development
Operations
Legal Counsel
Finance Director
Chief Financial Officer
Treasury Manager
Credit Manager
Debt Collection Manager
Risk Manager
Commercial Director
Contract Manager
Corporate Lawyer
Financial Controller
Accounts Receivable Manager
Investment Manager
Portfolio Manager
Restructuring Officer
Compliance Officer
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