An Assignment Of Recognition Agreement is a crucial document used in Malaysian commercial transactions when a party wishes to transfer its rights and obligations under an existing Recognition Agreement to another party. This document is particularly relevant in project financing, asset transfers, or corporate restructuring scenarios where the original rights holder needs to assign their position to another entity. The agreement must comply with Malaysian legal requirements, including the Contracts Act 1950 and proper stamping under the Stamp Act 1949. It typically includes detailed provisions about the scope of assignment, representations about the underlying Recognition Agreement, and necessary consents from other parties. The document is essential for maintaining legal certainty and continuity in commercial relationships while ensuring the smooth transfer of rights and obligations between parties.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Key Requirements PROMPT example:
Assignment Of Recognition Agreement
"I need an Assignment of Recognition Agreement for transferring rights under a power plant project recognition agreement from ABC Energy Sdn Bhd to XYZ Power Limited, with the assignment to take effect from March 1, 2025, and including step-in rights for the project lenders."
1. Parties: Identification of the Assignor, Assignee, and other relevant parties (including the original parties to the Recognition Agreement if different)
2. Background: Recitals explaining the existence of the original Recognition Agreement and the intention to assign rights/obligations under it
3. Definitions and Interpretation: Definitions of key terms used in the agreement and rules of interpretation
4. Assignment: Core provisions detailing the assignment of rights and obligations under the Recognition Agreement
5. Effective Date: Specification of when the assignment takes effect
6. Representations and Warranties: Statements of fact and assurances from the Assignor regarding their right to assign and the status of the Recognition Agreement
7. Covenants: Ongoing obligations of the parties post-assignment
8. Further Assurance: Obligations to execute further documents or take additional actions if needed
9. Notices: Provisions for how formal communications between parties should be made
10. Governing Law and Jurisdiction: Specification of Malaysian law as governing law and jurisdiction for disputes
11. Counterparts: Provisions allowing execution in multiple counterparts
1. Consideration: Required if the assignment is made for a payment or other consideration
2. Conditions Precedent: Include if the assignment is subject to certain conditions being met before becoming effective
3. Consent Requirements: Include if third-party consents are required for the assignment
4. Security Provisions: Include if any security is being provided in connection with the assignment
5. Tax Provisions: Include if there are specific tax implications that need to be addressed
6. Confidentiality: Include if there are specific confidentiality requirements beyond those in the original agreement
7. Step-In Rights: Include if specific procedures are needed for the Assignee to step into the Assignor's position
1. Schedule 1 - Original Recognition Agreement: Copy of the Recognition Agreement being assigned
2. Schedule 2 - Specific Rights and Obligations: Detailed list of rights and obligations being assigned if not all rights under the Recognition Agreement are being transferred
3. Schedule 3 - Form of Notice: Template notice to be sent to other parties to the Recognition Agreement informing them of the assignment
4. Schedule 4 - Consent Letters: Forms of any required consent letters from third parties
5. Schedule 5 - Completion Requirements: List of documents and actions required to complete the assignment
Authors
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Infrastructure and Construction
Energy and Utilities
Real Estate Development
Project Finance
Manufacturing
Telecommunications
Transportation and Logistics
Mining and Natural Resources
Commercial Real Estate
Relevant Teams
Legal
Finance
Commercial
Corporate Secretarial
Compliance
Risk Management
Business Development
Project Management
Treasury
Operations
Relevant Roles
Legal Counsel
Corporate Lawyer
Finance Director
Commercial Director
Contract Manager
Project Finance Manager
Transaction Manager
Chief Legal Officer
Company Secretary
Risk Manager
Compliance Officer
Business Development Director
Chief Financial Officer
Project Director
Find the exact document you need
Tripartite Assignment Agreement
A Malaysian law agreement facilitating the transfer of contractual rights/obligations between three parties, with formal consent and local legal compliance requirements.
find out more
Assignation Agreement
A Malaysian law-governed agreement that transfers rights or obligations from an Assignor to an Assignee, complying with the Contracts Act 1950.
find out more
Assignment Of Contract Of Sale
A Malaysian law-governed agreement transferring rights and obligations under an existing sale contract from one party to another.
find out more
Assignable Option Agreement
A Malaysian law-governed agreement granting an assignable right to enter into a future transaction, typically used for securing commercial opportunities with transfer rights.
find out more
Assignment Of Interest Agreement
A Malaysian law-governed agreement facilitating the transfer of rights, interests, or property from an assignor to an assignee.
find out more
Assignment Of Intellectual Property Rights Agreement
A Malaysian law-governed agreement for transferring intellectual property rights from an assignor to an assignee, ensuring complete and legally compliant IP ownership transfer.
find out more
Assignment Of Agreement Addendum
A Malaysian law-governed addendum that facilitates the transfer of contractual rights and obligations from one party to another.
find out more
Agreement To Assign Contract For Sale And Purchase
A Malaysian law-governed agreement that transfers rights and obligations under a property Sale and Purchase Agreement from an original purchaser to a new purchaser.
find out more
Assignment Of Liabilities Agreement
A Malaysian law-governed agreement that transfers specified liabilities from one party to another, detailing the terms, conditions, and obligations of the assignment.
find out more
Assignment Of Franchise Agreement
A Malaysian law-governed agreement facilitating the transfer of franchise rights and obligations from an existing franchisee to a new franchisee.
find out more
Assignment Of Purchase Agreement
A Malaysian law-governed agreement transferring rights and obligations under a purchase agreement from an original purchaser to a new purchaser.
find out more
Assignment Of Payment Agreement
A Malaysian law-governed agreement transferring payment rights from an Assignor to an Assignee, with detailed terms for the assignment of payment obligations.
find out more
Assignment Fee Contract
A Malaysian law-governed agreement facilitating the transfer of rights or assets between parties for a specified fee, ensuring legal compliance and protecting parties' interests.
find out more
Asset Assignment Agreement
A Malaysian law-governed agreement for transferring ownership rights in assets from an Assignor to an Assignee, including terms, conditions, and regulatory compliance requirements.
find out more
Assignment Of Inventions Agreement
A Malaysian law-governed agreement for transferring ownership rights in inventions from an Assignor to an Assignee.
find out more
Assignment And Novation Agreement
A Malaysian law-governed agreement that transfers contractual rights and obligations from one party to another, with all parties' consent.
find out more
Assignment Of Claim Agreement
A Malaysian law-governed agreement that transfers legal rights or claims from an Assignor to an Assignee, structured under the Malaysian Contracts Act 1950.
find out more
Assignment And Transfer Agreement
A Malaysian law-governed agreement that facilitates the formal transfer of rights, assets, or obligations between parties.
find out more
Assignment Of Proceeds Agreement
A Malaysian law agreement transferring rights to receive payment or proceeds from one party to another, commonly used in commercial and financing transactions.
find out more
Assignment And Assumption Agreement
A Malaysian law-governed agreement facilitating the transfer of rights, obligations, and/or assets from an Assignor to an Assignee, ensuring legal compliance and effective transition.
find out more
Lease Assignment Agreement
A Malaysian law-governed agreement transferring lease rights from an existing tenant to a new tenant, with landlord's consent.
find out more
Receivables Transfer Agreement
A Malaysian law-governed agreement facilitating the transfer of receivables between parties, detailing terms, conditions, and compliance requirements.
find out more
Real Estate Contract Assignment Agreement
A Malaysian law-governed agreement transferring rights and obligations under an existing real estate contract from one party to another.
find out more
Loan Assignment And Assumption Agreement
A Malaysian law-governed agreement transferring loan rights from one lender to another, with the borrower's continued obligation assumption.
find out more
Loan Assignment Agreement
A Malaysian law-governed agreement that transfers loan rights and obligations from an existing lender to a new lender, ensuring legal compliance and documenting transfer terms.
find out more
Lease Assumption Agreement
A Malaysian law-governed agreement that transfers lease rights and obligations from an existing tenant to a new tenant, with landlord's consent.
find out more
Employee Assignment Agreement
Malaysian law-governed agreement defining terms for employee assignment to new roles or locations, including duties, compensation, and conditions.
find out more
Debt Novation Agreement
A Malaysian law-governed agreement that transfers debt obligations from an original debtor to a new debtor, with creditor consent, creating a new debt obligation while extinguishing the original.
find out more
Debt Assignment And Assumption Agreement
A Malaysian law agreement transferring debt obligations from one creditor to another, with debtor acknowledgment and full documentation of transfer terms.
find out more
Debt Assignment Agreement
A Malaysian law-governed agreement that transfers debt rights from one party to another, including all associated terms and conditions.
find out more
Contract Assignment Agreement
A Malaysian law-governed agreement that transfers contractual rights and obligations from one party to another, subject to the Contracts Act 1950 and related legislation.
find out more
Confirmatory Assignment Agreement
A Malaysian law agreement that formally confirms a previous transfer of intellectual property rights, ensuring compliance with local IP regulations and registration requirements.
find out more
Assignor And Assignee Agreement
A Malaysian law-governed agreement facilitating the transfer of rights, assets, or obligations from an assignor to an assignee.
find out more
Assignment Of Subcontract Agreement
A Malaysian law-governed agreement transferring subcontract rights and obligations from an original subcontractor to a new subcontractor, maintaining compliance with local construction and contract laws.
find out more
Assignment Of Shares Agreement
A Malaysian law-governed agreement for the transfer of share ownership from one party to another, compliant with local corporate legislation and regulations.
find out more
Wholesale Assignment Contract
A Malaysian law-governed agreement for the transfer of wholesale rights, assets, or contracts between commercial parties.
find out more
Vehicle Assignment Agreement
A Malaysian legal document that formalizes the transfer of vehicle ownership rights and responsibilities between parties, complying with local transport regulations.
find out more
Assignment Of Rights Agreement
A Malaysian law-governed agreement that transfers specified rights from an Assignor to an Assignee, with provisions for transfer, warranties, and enforcement.
find out more
Transfer Of Lease Agreement To New Landlord
A Malaysian law-compliant agreement transferring landlord rights and obligations under an existing lease to a new landlord while maintaining tenant arrangements.
find out more
Stock Assignment Agreement
A Malaysian law-governed agreement facilitating the transfer of shares from an assignor to an assignee, including terms, conditions, and regulatory compliance requirements.
find out more
Security Assignment Agreement
A Malaysian law-governed agreement establishing security interests through the assignment of rights or assets from an assignor to an assignee.
find out more
Assignment Of Recognition Agreement
A Malaysian law-governed agreement that transfers rights and obligations under an existing Recognition Agreement from an Assignor to an Assignee.
find out more
Download our whitepaper on the future of AI in Legal
By providing your email address you are consenting to our Privacy Notice.
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s 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
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.