The Assignment Of Security Agreement is a crucial document in Malaysian financial and corporate transactions, typically used when there is a need to transfer security interests from one party to another. This may occur in various scenarios such as loan portfolio sales, corporate restructuring, refinancing arrangements, or when financial institutions transfer their security interests to other lenders. The document must comply with Malaysian legal requirements, including the Contracts Act 1950, Companies Act 2016, and relevant security legislation. It contains detailed provisions regarding the assignment of rights, obligations for perfection of security interests, registration requirements, and necessary consents. The document is particularly important in the Malaysian context due to specific local law requirements for security assignments, including stamp duty obligations and registration with relevant authorities such as the Companies Commission of Malaysia or land registries.
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聽of your docs
1. Parties: Identifies the Assignor, Assignee, and other relevant parties including the original Security Provider
2. Background: Describes the original Security Agreement, reasons for assignment, and any relevant prior dealings
3. Definitions: Defines key terms including Original Security Agreement, Secured Obligations, Assigned Rights, and Effective Date
4. Assignment: Core provision detailing the assignment of rights, title, and interest in the Security Agreement
5. Consideration: States the consideration being paid for the assignment
6. Representations and Warranties: Assignor's warranties regarding ownership, right to assign, and status of security interest
7. Perfection Requirements: Steps required to perfect the assignment under Malaysian law
8. Notice and Acknowledgment: Requirements for notifying the Security Provider and obtaining acknowledgment
9. Further Assurance: Obligations to execute further documents and take additional steps if needed
10. Governing Law and Jurisdiction: Specifies Malaysian law as governing law and jurisdiction for disputes
11. Execution: Signature blocks and execution formalities
1. Consent of Security Provider: Required if the original Security Agreement requires consent for assignment
2. Registration Requirements: Include when the security interest requires registration (e.g., company charges)
3. Stamp Duty Declaration: Required when the assignment requires payment of stamp duty
4. Conditions Precedent: Include when assignment is subject to fulfillment of specific conditions
5. Partial Assignment Provisions: Required if only part of the security interest is being assigned
6. Power of Attorney: Include when Assignor grants power of attorney to Assignee
7. Costs and Expenses: Optional section detailing responsibility for costs of assignment
8. Notices: Include detailed notice provisions for complex transactions
1. Original Security Agreement: Copy of the security agreement being assigned
2. Assigned Rights: Detailed description of rights and interests being assigned
3. Form of Notice: Template notice to Security Provider regarding the assignment
4. Form of Acknowledgment: Template acknowledgment to be signed by Security Provider
5. Secured Assets: Description or list of assets subject to the security interest
6. Registration Particulars: Details of existing registrations of the security interest
7. Required Consents: List and copies of third-party consents required
8. Powers of Attorney: Format of any powers of attorney to be granted
Find the exact document you need
Transfer Of Intellectual Property Agreement
A Malaysian law-governed agreement facilitating the complete transfer of intellectual property rights between parties, including associated rights and registration requirements.
Download
Assignment Of Lease To New Owner Form
A Malaysian legal document that transfers lease rights and obligations from an existing tenant to a new tenant, subject to Malaysian property law and landlord consent.
Download
Assignment Letter Contract
A Malaysian employment document that establishes formal terms and conditions between employer and employee, compliant with local employment laws.
Download
Assignment Of License Agreement
A Malaysian law-governed agreement for transferring license rights from an existing licensee to a new licensee, maintaining original license terms.
Download
Short Form Assignment Agreement
A simplified Malaysian law-governed agreement for transferring rights or property from one party to another, suitable for straightforward assignments.
Download
Invention Assignment Agreement
A Malaysian law-governed agreement that transfers invention rights from inventors to their employers or contracting companies, ensuring proper assignment of intellectual property.
Download
Debt Assumption Agreement
A Malaysian law-governed agreement facilitating the transfer of debt obligations from one party to another, with creditor consent.
Download
Assignment Of Sublease
A Malaysian legal document transferring sublease rights and obligations from an existing subtenant to a new subtenant, subject to Malaysian property law requirements.
Download
Assignment Of Security Agreement
A Malaysian law document that transfers rights and interests under an existing security agreement from one party to another, ensuring compliance with local security and registration requirements.
Download
Assignment Of Management Agreement
A Malaysian law-governed agreement that transfers management rights and obligations from one party to another, with the principal's consent.
Download
Assignment Of Debt Agreement
A Malaysian law-governed agreement that transfers debt rights and obligations from one party to another, including all associated rights and enforcement capabilities.
Download
Assignment Of Lease To New Owner
A Malaysian law-compliant document that transfers lease rights and obligations from an existing tenant to a new tenant, requiring landlord's consent and proper legal execution.
Download
Assign Tenancy Agreement
A Malaysian law-governed agreement transferring tenancy rights and obligations from an existing tenant to a new tenant, with landlord's consent.
Download
Short Form Copyright Assignment
A concise Malaysian law-compliant agreement for transferring copyright ownership from one party to another.
Download
Assignment Of Lease By Landlord
A Malaysian legal document transferring a landlord's rights and obligations under an existing lease to a new landlord, compliant with Malaysian property law.
Download
Copyright Assignment Contract
A Malaysian law-compliant agreement for the complete transfer of copyright ownership from one party to another, governed by the Copyright Act 1987.
Download
Debt Transfer Agreement
A Malaysian law-governed agreement facilitating the transfer of debt obligations from an original debtor to a new debtor, with creditor's consent.
Download
Transfer Of Copyright Agreement
A Malaysian law-compliant agreement for transferring complete copyright ownership from one party to another, including all associated rights and interests.
Download
Intellectual Property Assignment Agreement
A Malaysian law-governed agreement for transferring ownership of intellectual property rights from an Assignor to an Assignee.
Download
Copyright Assignment Agreement
A Malaysian law-governed agreement for transferring complete copyright ownership from one party to another, aligned with the Copyright Act 1987.
Download
Assignment Of Lease
A Malaysian law-compliant document that transfers lease rights from an existing tenant to a new tenant, including all necessary legal provisions and requirements.
Download
Assignment Contract
A Malaysian law-governed contract facilitating the transfer of rights, obligations, or assets from an Assignor to an Assignee.
Download
Proprietary Inventions And Assignment Agreement
A Malaysian law-governed agreement establishing employer ownership of employee-created inventions and intellectual property, including assignment and protection mechanisms.
Download
Property Assignment Contract
A Malaysian legal document facilitating property ownership transfer between parties, compliant with the National Land Code 1965 and local property laws.
Download
Lease Transfer Agreement
A Malaysian law-governed agreement transferring lease rights and obligations from an existing tenant to a new tenant, with landlord's consent.
Download
Commercial Lease Assignment
Malaysian law-compliant document transferring commercial lease rights from existing tenant to new tenant, with landlord's consent.
Download
Assignment Of Service Contract
A Malaysian law-governed agreement transferring rights and obligations under a service contract from one provider to another.
Download
Assignment Of Rental Agreement
A Malaysian legal document that transfers rental rights and obligations from an existing tenant to a new tenant, with landlord's consent.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 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
.png)