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Assignment Of Claim Agreement
"I need an Assignment of Claim Agreement under Austrian law to transfer a 鈧50,000 trade receivable from my manufacturing company to a debt collection agency, with payment to be made in three installments by March 2025."
1. Parties: Identification of the Assignor and Assignee with full legal names and addresses
2. Background: Context of the assignment, including details about the original claim and the reason for assignment
3. Definitions: Definitions of key terms used throughout the agreement
4. Subject Matter of Assignment: Detailed description of the claim(s) being assigned
5. Assignment and Transfer: The operative provisions effecting the transfer of the claim
6. Purchase Price and Payment: Details of consideration for the assignment and payment terms
7. Representations and Warranties of Assignor: Assignor's warranties regarding ownership and validity of the claim
8. Notification and Perfection: Requirements for notifying the debtor and perfecting the assignment
9. Cooperation: Obligations of parties to cooperate in effecting the assignment
10. Governing Law and Jurisdiction: Specification of Austrian law as governing law and jurisdiction details
1. Security Interests: Required when there are existing security interests related to the assigned claim
2. Warranties of Assignee: Included when specific representations from the assignee are required
3. Tax Provisions: Required when there are specific tax implications that need to be addressed
4. Confidentiality: Included when sensitive information is involved in the assignment
5. Data Protection: Required when personal data is involved in the assigned claims
6. Further Assurance: Optional clause for additional actions that may be required post-assignment
7. Costs and Expenses: Included when there's a need to specify responsibility for transaction costs
8. Partial Invalidity: Optional severability clause for complex assignments
1. Schedule 1 - Details of Assigned Claim: Detailed description of the claim including amount, due date, and debtor details
2. Schedule 2 - Original Contract: Copy of the contract or document evidencing the original claim
3. Schedule 3 - Payment Details: Bank account and payment information for the transfer of consideration
4. Appendix A - Form of Notice to Debtor: Template for the notification to be sent to the debtor regarding the assignment
5. Appendix B - Related Security Documents: Copies of any security documents related to the assigned claim
6. Appendix C - Power of Attorney: If required, form of power of attorney for executing additional documents
Authors
Financial Services
Banking
Insurance
Real Estate
Manufacturing
Professional Services
Healthcare
Construction
Retail
Technology
Telecommunications
Energy
Legal
Finance
Treasury
Credit Control
Risk Management
Commercial Operations
Compliance
Corporate Services
Debt Collection
Business Development
Contract Management
Legal Counsel
Corporate Lawyer
Finance Manager
Chief Financial Officer
Credit Manager
Collections Manager
Risk Manager
Treasury Manager
Commercial Director
Business Development Manager
Contract Administrator
Debt Collection Officer
Financial Controller
Legal Operations Manager
Compliance Officer
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