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Affidavit Of Non Interest for Philippines

Affidavit Of Non Interest Template for Philippines

An Affidavit of Non Interest is a formal legal document used in the Philippines where an individual makes a sworn declaration stating they have no right, title, interest, or claim over a specific property, business, or matter. The document must comply with Philippine notarial laws and regulations, particularly the 2004 Rules on Notarial Practice. It serves as a legally binding statement that can be used in various contexts, from property transactions to business dealings, and must be executed before a duly commissioned notary public. The document provides legal protection and clarity regarding ownership or interest claims, helping prevent future disputes or legal complications.

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Affidavit Of Non Interest

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What is a Affidavit Of Non Interest?

The Affidavit of Non Interest is a crucial legal instrument in Philippine law used to formally disclaim any right, title, or interest in a particular property, business, or matter. It is commonly required in various situations, such as property transactions, business transfers, estate settlements, or corporate dealings, where there is a need to clearly establish the absence of any claim or interest from potential parties. The document must be executed in accordance with Philippine notarial laws, particularly the 2004 Rules on Notarial Practice, and requires the affiant to make the declaration under oath before a notary public. This type of affidavit helps prevent future disputes by providing clear documentation that the affiant has formally renounced any potential claims or interests. It is particularly valuable in situations where multiple parties might have potential claims to assets or interests in business matters.

What sections should be included in a Affidavit Of Non Interest?

1. Title and Venue: Specifies the document type as 'Affidavit of Non Interest' and states the place of execution

2. Affiant Information: Full legal name, age, citizenship, civil status, and complete address of the person making the declaration

3. Oath Statement: Standard opening statement declaring that the affiant is making the statement under oath

4. Subject Matter Identification: Clear identification of the property, business, or matter in which the affiant declares no interest

5. Declaration of Non Interest: Explicit statement declaring the absence of any right, title, interest, or claim over the subject matter

6. Reason for Declaration: Explanation of why the affidavit is being executed and its purpose

7. Certification of Truthfulness: Statement certifying that the contents are true and correct of affiant's own personal knowledge

8. Jurat: Notarial closing section including date, place of execution, and notary details

What sections are optional to include in a Affidavit Of Non Interest?

1. Waiver of Rights: Additional section explicitly waiving any future claims or rights over the subject matter, used when there's a need for stronger assurance

2. Consideration Statement: Declaration of any consideration received, if applicable, in exchange for the non-interest declaration

3. Witness Statement: Additional witnesses' declarations, used when extra verification is needed

4. Prior History: Description of any previous involvement with the subject matter, included when there's relevant historical context

5. Beneficiary Declaration: Statement identifying the intended beneficiary or interested party, used when relevant to the context

What schedules should be included in a Affidavit Of Non Interest?

1. Property Documents: Copies of relevant property titles, deeds, or descriptions when the affidavit concerns real estate

2. Identification Documents: Copies of the affiant's valid government-issued IDs

3. Supporting Documents: Any relevant documentation supporting the declaration of non-interest

4. Corporate Documents: Business registration or corporate documents if the affidavit relates to business interests

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Philippines

Document Type

Affidavit

Cost

Free to use
Relevant legal definitions

























Clauses

















Relevant Industries

Real Estate

Banking and Finance

Legal Services

Construction

Manufacturing

Mining

Agriculture

Corporate Services

Government and Public Sector

Insurance

Family Business

Relevant Teams

Legal

Compliance

Corporate Secretariat

Risk Management

Real Estate

Property Administration

Corporate Governance

Business Development

Administrative Services

Document Control

Relevant Roles

Legal Counsel

Corporate Secretary

Compliance Officer

Real Estate Manager

Property Manager

Business Development Manager

Risk Manager

Estate Administrator

Corporate Lawyer

Notary Public

Title Officer

Property Administrator

Business Owner

Company Director

Corporate Governance Officer

Industries





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