Assignment And Assumption Agreement Template for United Arab Emirates

1. Third Party Consents: Required when the original agreement requires consent for assignment

2. Regulatory Compliance: Required when the assignment needs regulatory approvals or notifications

3. Original Obligor Acknowledgment: Used when acknowledgment from the original contract counterparty is needed

4. Partial Assignment Provisions: Required when only certain rights/obligations are being assigned

5. Survival of Original Agreement: Used to clarify which provisions of the original agreement remain in effect

6. Notice Requirements: Required when specific notice procedures for the assignment exist

7. Indemnification: Optional protection for either party regarding pre or post-assignment liabilities

8. Confidentiality: Required when sensitive information is involved in the assignment

1. Schedule 1 - Original Agreement: Copy or details of the agreement being assigned

2. Schedule 2 - Assigned Rights and Obligations: Detailed list of specific rights and obligations being transferred

3. Schedule 3 - Required Consents: List of required third-party or regulatory consents and their status

4. Schedule 4 - Related Documents: List of any ancillary agreements or documents affected by the assignment

5. Schedule 5 - Assignment Consideration: Details of payment terms or other consideration if complex

6. Appendix A - Notice Forms: Template notices required for the assignment process

7. Appendix B - Execution Formalities: Any specific execution requirements under UAE law