Assignment Of Membership Interest Template for Philippines

1. Consent of Other Members: Required if the company's articles of incorporation or by-laws require other members' consent for transfers

2. Non-Competition: Include if the assignor is to be restricted from competing with the company post-transfer

3. Confidentiality: Include if specific confidentiality obligations need to be maintained post-transfer

4. Spousal Consent: Required if the assignor is married and the interest is considered conjugal property under Philippine law

5. Regulatory Approval: Include if the transfer requires approval from Philippine regulatory bodies

6. Payment Terms: Include if the consideration is to be paid in installments or subject to conditions

7. Tag-Along Rights: Include if other members have rights to participate in the transfer

1. Schedule A - Details of Membership Interest: Detailed description of the membership interest being transferred, including percentage ownership and any special rights

2. Schedule B - Company Information: Key details about the company, including registration information and current ownership structure

3. Schedule C - Encumbrances: List of any existing liens, encumbrances, or restrictions on the membership interest

4. Schedule D - Required Consents: List of all required consents and approvals for the transfer

5. Appendix 1 - Board Resolution: Copy of board resolution approving the transfer (if required)

6. Appendix 2 - Members' Resolution: Copy of members' resolution approving the transfer (if required)

7. Appendix 3 - Transfer Documents: Forms and documents required by Philippine regulatory authorities for the transfer