The Assignment Of Debt Agreement is a crucial legal instrument used in New Zealand business operations when one party wishes to transfer their rights as a creditor to another party. This document is commonly used in debt portfolio sales, business restructuring, or when companies wish to monetize their receivables. The agreement must comply with New Zealand's legal framework, particularly the Contract and Commercial Law Act 2017 and the Property Law Act 2007. It typically includes detailed information about the debt being assigned, warranties from the assignor, consideration for the assignment, and provisions for notifying the debtor. The document is essential for maintaining clear records of debt ownership and ensuring the enforceability of the debt under New Zealand law.
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let tiktok成人版's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies the assignor (current debt holder), assignee (new debt holder), and debtor
2. Background: Explains the context of the original debt and the intention to assign it
3. Definitions: Defines key terms used throughout the agreement
4. Assignment: Core clause that legally transfers the debt from assignor to assignee
5. Consideration: States the payment or other consideration for the assignment
6. Warranties and Representations: Assignor's warranties about the debt's validity, enforceability, and status
7. Completion: Details of when and how the assignment will be completed
8. Further Assurance: Obligations to execute additional documents or take further steps if needed
9. Notices: How formal communications between parties should be made
10. General Provisions: Standard boilerplate clauses including governing law, entire agreement, etc
11. Execution: Signature blocks and execution requirements
1. Security Interests: Required when the debt involves existing security interests that need to be assigned
2. Regulatory Compliance: Needed when the assignment must comply with specific regulatory requirements
3. Confidentiality: Include when parties want to keep the assignment or its terms confidential
4. GST: Required when the assignment has GST implications
5. Debtor Notification: Include when specifying requirements for notifying the debtor of the assignment
6. Collection Procedures: Include when specifying how the assigned debt will be collected
7. Indemnities: Additional indemnities beyond standard warranties when required
8. Dispute Resolution: Specific dispute resolution procedures if desired beyond court jurisdiction
1. Schedule 1 - Debt Details: Detailed description of the debt being assigned including amount, interest rate, payment terms
2. Schedule 2 - Original Debt Documentation: List and copies of all relevant original debt documents
3. Schedule 3 - Security Details: Details of any security interests related to the debt
4. Schedule 4 - Payment Details: Bank account and payment information for the consideration
5. Schedule 5 - Form of Notice to Debtor: Template notice to be sent to debtor informing them of the assignment
6. Appendix A - Related Correspondence: Copies of relevant correspondence regarding the debt
7. Appendix B - Completion Checklist: List of actions required to complete the assignment
Authors
Relevant legal definitions
Clauses
Relevant Industries
Financial Services
Banking
Insurance
Debt Collection
Commercial Property
Professional Services
Manufacturing
Retail
Construction
Healthcare
Relevant Teams
Legal
Finance
Credit Control
Accounts Receivable
Treasury
Risk Management
Debt Collection
Commercial Operations
Compliance
Corporate Secretariat
Relevant Roles
Chief Financial Officer
Financial Controller
Credit Manager
Debt Collection Manager
Legal Counsel
Commercial Lawyer
Finance Manager
Accounts Receivable Manager
Risk Manager
Treasury Manager
Contract Administrator
Company Secretary
Business Development Manager
Portfolio Manager
Find the exact document you need
Personal Loan Letter Between Friends
A New Zealand-compliant document that formalizes a personal loan agreement between friends, including loan terms, repayment conditions, and legal safeguards.
find out more
Written Loan Agreement
A New Zealand-compliant agreement setting out the terms and conditions of a loan, including amount, interest, repayment terms, and parties' obligations.
find out more
Small Loan Contract
A New Zealand-compliant small loan agreement template that sets out terms, conditions, and obligations for both lender and borrower under NZ law.
find out more
Pro Forma Loan Agreement
New Zealand-compliant loan agreement template setting out terms for lending arrangements, suitable for both commercial and consumer lending scenarios.
find out more
Revolving Credit Contract
A New Zealand law-governed agreement establishing a revolving credit facility between a lender and borrower, compliant with CCCFA requirements.
find out more
Loan Car Form
A New Zealand-compliant legal form for temporary vehicle loans, establishing terms and conditions between vehicle providers and borrowers.
find out more
Loan Agreement With Interest
A New Zealand-governed agreement establishing terms for a loan with interest, including repayment conditions and statutory requirements.
find out more
Money Loan Agreement
A New Zealand-compliant agreement establishing terms and conditions for a monetary loan between a lender and borrower, including repayment terms and obligations.
find out more
Family Member Promissory Note
A New Zealand-compliant promissory note documenting loan terms between family members, including principal amount, interest, and repayment conditions.
find out more
Debt Consolidation Agreement
A New Zealand-compliant agreement for consolidating multiple debts into a single loan, including terms, conditions, and statutory disclosures.
find out more
Vendor Finance Loan Agreement
A New Zealand-compliant agreement enabling vendor-provided financing for purchase of goods or services, including loan terms and security arrangements.
find out more
Fixed Sum Loan Agreement Early Settlement
New Zealand-governed fixed-sum loan agreement with early settlement provisions, compliant with CCCFA requirements.
find out more
Acknowledgement Of Debt Agreement
A New Zealand-compliant legal document where a debtor formally acknowledges their debt obligation and agrees to specific repayment terms.
find out more
Mortgage Spreader Agreement
A New Zealand legal document that extends an existing mortgage security to cover additional properties, compliant with NZ property law requirements.
find out more
Debt Payment Agreement
A New Zealand-compliant agreement that formalizes debt repayment terms between a creditor and debtor, including payment schedule, interest rates, and default provisions.
find out more
Loan Repayment Contract
A New Zealand-compliant agreement setting out terms and conditions for loan repayment between lender and borrower, including payment schedules and obligations.
find out more
Discounted Payoff Agreement
A New Zealand law-governed agreement that documents the settlement of an outstanding debt for a reduced amount, specifying payment terms and discharge conditions.
find out more
Overagreement
A New Zealand law-governed master agreement that establishes overarching terms for multiple underlying agreements between parties.
find out more
Litigation Financing Agreement
A New Zealand-governed agreement establishing terms for third-party funding of legal proceedings, including funding commitments, returns, and risk allocation.
find out more
Promise Note
A legally binding financial document under New Zealand law containing an unconditional promise to pay a specified sum of money to a designated party.
find out more
Peer To Peer Lending Contract
A New Zealand-compliant agreement establishing terms and conditions for peer-to-peer lending arrangements between lenders, borrowers, and P2P platforms.
find out more
Debt Agreement Contract
A New Zealand-compliant agreement establishing terms and conditions for lending arrangements between parties, including loan details, repayment terms, and legal obligations.
find out more
Loan Repayment Letter
A New Zealand-compliant formal letter outlining loan repayment terms and schedule between a lender and borrower.
find out more
Letter To Borrow Money From Friend
A formal letter document under New Zealand law that outlines the terms and conditions of borrowing money from a friend, including loan amount, repayment terms, and mutual obligations.
find out more
Contract For Land Purchase
A New Zealand-compliant legal agreement for the sale and purchase of land, detailing property transfer terms and conditions between vendor and purchaser.
find out more
General Loan Agreement
A New Zealand-compliant loan agreement template establishing terms for lending arrangements, suitable for both commercial and personal lending purposes.
find out more
Loan Novation Agreement
A New Zealand law-governed agreement that transfers loan obligations from an original borrower to a new borrower while maintaining the original lender's rights.
find out more
Student Loan Agreement
A New Zealand-governed agreement establishing terms and conditions for government-provided student loans, including loan amounts, repayment terms, and borrower obligations.
find out more
Simple Loan Application Form
A New Zealand-compliant loan application form for gathering applicant information and assessing creditworthiness under local lending regulations.
find out more
Payday Loan Contract
New Zealand-compliant payday loan agreement template incorporating CCCFA requirements and consumer protections for short-term lending.
find out more
Loan Guarantee
A New Zealand-governed agreement where a guarantor assumes responsibility for another party's loan obligations to a lender.
find out more
Investment Loan Contract
New Zealand-governed agreement establishing terms for investment-purposed lending, including loan terms, security arrangements, and regulatory compliance requirements.
find out more
Debt Repayment Contract
A New Zealand-compliant agreement establishing terms and schedule for debt repayment between creditor and debtor.
find out more
Employee Laptop Loan Agreement
A New Zealand-compliant agreement governing the loan of company laptop equipment to employees, including usage terms and return conditions.
find out more
Borrowing Form
A New Zealand-compliant borrowing form that establishes loan terms and conditions between lender and borrower, incorporating CCCFA requirements.
find out more
Device Loan Agreement
A New Zealand-compliant agreement governing the temporary loan of devices from an organization to individuals, establishing usage terms and responsibilities.
find out more
Simple Equipment Borrowing Agreement
A New Zealand-compliant agreement for temporary equipment lending, establishing terms for equipment use, maintenance, and return conditions.
find out more
Loan Out Agreement
A New Zealand-governed agreement for the provision of individual services through a loan-out company structure to an engaging business.
find out more
No Loan Agreement
A New Zealand-governed agreement that formally documents the non-existence of a loan between parties or confirms that a previous loan has been fully satisfied.
find out more
Memorandum Of Loan Agreement
A New Zealand-compliant agreement that establishes the terms and conditions of a loan between parties, including principal amount, interest, repayment terms, and obligations.
find out more
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)