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Assignment Of Contract To Sell
"I need an Assignment of Contract to Sell to transfer my manufacturing equipment sale contract to a new seller, with completion scheduled for March 15, 2025, and the assignee requires specific warranties about the equipment's condition."
1. Parties: Identifies the assignor, assignee, and original contracting parties
2. Background: Details of the original contract and reason for assignment
3. Definitions: Key terms used in the assignment agreement
4. Assignment: Core clause transferring rights and obligations
5. Consideration: Details of payment or value exchange for the assignment
6. Effective Date: When the assignment takes effect
1. Consent of Original Parties: Required if original contract requires consent for assignment
2. Warranties: Assurances about the original contract and rights being assigned
3. Indemnification: Protection against prior breaches or claims
4. Governing Law: Optional if already clear from context that Singapore law applies
1. Original Contract: Copy of the contract being assigned
2. Consent Letters: Written consents from original contracting parties if required
3. Payment Schedule: If consideration is to be paid in installments
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