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Deed Of Assignment Of Receivables
"Need a Deed of Assignment of Receivables for transferring SGD 2.5M in trade receivables from our manufacturing company to ABC Bank as security for a new credit facility, with completion required by March 2025."
1. Parties: Identification of assignor and assignee with full legal names and addresses
2. Background: Context of the assignment and relationship between parties
3. Definitions: Key terms used throughout the deed
4. Assignment: Core provisions detailing the assignment of receivables
5. Consideration: Details of payment or other consideration for the assignment
6. Warranties and Representations: Assignor's warranties regarding ownership and right to assign receivables
7. Execution: Formal execution blocks for parties
1. Further Assurance: Commitment to take additional steps if needed, used in complex assignments
2. Power of Attorney: Optional powers granted to assignee, used when additional authority needed
3. Notice Provisions: Specific requirements for notifying debtors, used in legal assignments
4. Security Provisions: Used when assignment is for security purposes rather than absolute
1. Schedule of Receivables: Detailed list of all receivables being assigned
2. Form of Notice to Debtors: Template notice to be sent to debtors regarding the assignment
3. Underlying Contracts: Copies or details of contracts giving rise to receivables
4. Powers of Attorney: If applicable, formal power of attorney documentation
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