All Countries
Real Estate
Assignment Assumption And Amendment Agreement

Assignment Assumption And Amendment Agreement Template for United Arab Emirates

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Assignment Assumption And Amendment Agreement

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 Assumption And Amendment Agreement

"I need an Assignment Assumption And Amendment Agreement for transferring a UAE construction project contract from our subsidiary to our main company, with the transfer to be effective from March 1, 2025, including provisions for a 3-month transition period and ongoing warranty obligations."

Celebrated by
Collaborations with
Investors
Document background
The Assignment Assumption And Amendment Agreement is a crucial document used in the United Arab Emirates when one party needs to transfer its contractual rights and obligations to another party while simultaneously making changes to the original agreement. This document type is particularly relevant in corporate restructurings, mergers and acquisitions, project financing, and general business transfers. It must comply with UAE Civil Code requirements, specifically addressing the legal framework for assignment of rights (Articles 1106-1132) and transfer of obligations (Articles 1133-1148). The agreement serves multiple purposes: it documents the assignment of rights and obligations, confirms the new party's assumption of these responsibilities, obtains necessary consents, and incorporates any required amendments to the original agreement. It's commonly used in both domestic UAE transactions and international business dealings involving UAE entities or UAE-governed contracts.
Suggested Sections

1. Parties: Identification of all parties: Original Party (Assignor), New Party (Assignee), and Other Original Party (Remaining Party)

2. Background: Recitals explaining the original agreement, the reason for assignment, and the parties' intentions

3. Definitions: Definitions of key terms used in the agreement, including the Original Agreement, Effective Date, and Assigned Rights and Obligations

4. Assignment: Provisions detailing the assignment of rights and obligations from Assignor to Assignee

5. Assumption: Assignee's express assumption of the assigned rights and obligations

6. Amendments to Original Agreement: Specific amendments being made to the original agreement

7. Consent and Release: Remaining Party's consent to the assignment and release of Assignor from future obligations

8. Representations and Warranties: Standard representations and warranties from all parties

9. Effective Date and Conditions Precedent: When the assignment takes effect and any conditions that must be met

10. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes

11. General Provisions: Standard boilerplate provisions including notices, counterparts, and entire agreement

Optional Sections

1. Consideration: Section detailing any payment or consideration for the assignment, if applicable

2. Transition Services: If the Assignor needs to provide temporary support or services to the Assignee

3. Tax Provisions: Specific provisions dealing with tax implications of the assignment, if relevant

4. Intellectual Property: Special provisions for handling IP rights if they form part of the assigned rights

5. Confidentiality: Additional confidentiality provisions if not adequately covered in the original agreement

6. Further Assurance: Obligations to execute additional documents or take further steps to perfect the assignment

7. Third Party Consents: Process for obtaining any required third party consents not obtained prior to signing

Suggested Schedules

1. Original Agreement: Copy of the agreement being assigned

2. Assigned Rights and Obligations: Detailed list of specific rights and obligations being assigned

3. Amendments: Detailed amendments to the Original Agreement in tracked changes or tabulated format

4. Required Consents: List of third party consents required and their status

5. Transition Plan: If applicable, detailed plan for transitioning responsibilities from Assignor to Assignee

6. Form of Notice: Template notice to be sent to third parties regarding the assignment

7. Outstanding Obligations: List of any outstanding obligations or payments as of the effective date

Authors

Alex Denne

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Amended Agreement
Original Agreement
Assigned Rights
Assigned Obligations
Assignor
Assignee
Remaining Party
Effective Date
Assignment Date
Completion Date
Conditions Precedent
Encumbrance
Governmental Authority
Liability
Loss
Material Adverse Effect
Original Parties
Parties
Permitted Assignment
Related Agreement
Required Consents
Security Interest
Transition Period
Transition Services
Amendment
Business Day
Confidential Information
Consideration
Default
Dispute
Force Majeure Event
Intellectual Property Rights
Notice
Representatives
Surviving Provisions
Working Hours
UAE
Governing Law
Outstanding Obligations
Transfer Documents
Clauses
Interpretation
Assignment
Assumption
Amendment
Consent and Acknowledgment
Consideration
Representations and Warranties
Conditions Precedent
Release and Discharge
Further Assurance
Transition Services
Payment Terms
Third Party Rights
Notices
Confidentiality
Data Protection
Force Majeure
Dispute Resolution
Governing Law
Jurisdiction
Assignment and Transfer
Severability
Waiver
Entire Agreement
Counterparts
Costs and Expenses
Indemnification
Compliance with Laws
Anti-Corruption
Language
Amendment and Variation
No Partnership
Time of Essence
Survival
Relevant Industries

Banking and Financial Services

Real Estate and Construction

Energy and Natural Resources

Technology and Telecommunications

Manufacturing and Industrial

Healthcare and Pharmaceuticals

Retail and Consumer Goods

Transportation and Logistics

Professional Services

Media and Entertainment

Relevant Teams

Legal

Compliance

Corporate Affairs

Commercial

Finance

Operations

Risk Management

Business Development

Project Management

Contract Administration

Relevant Roles

Legal Counsel

Contract Manager

Corporate Lawyer

Compliance Officer

Business Development Manager

Project Manager

Chief Legal Officer

Commercial Director

Risk Manager

Operations Director

Company Secretary

Finance Director

General Counsel

Transaction Manager

Legal Operations Manager

Industries
UAE Federal Law No. 5 of 1985 (Civil Code): The primary legislation governing contracts, obligations, and civil transactions in the UAE. Articles 1106-1132 specifically deal with assignment of rights, while Articles 1133-1148 cover transfer of obligations.
UAE Federal Law No. 18 of 1993 (Commercial Transactions Law): Governs commercial transactions and provides specific provisions relating to commercial contracts and obligations between merchants.
UAE Federal Law No. 2 of 2015 (Commercial Companies Law): Relevant if the assignment involves corporate entities, as it governs the operation and regulation of companies in the UAE, including their ability to enter into contracts and transfer obligations.
DIFC Contract Law (DIFC Law No. 6 of 2004): If the agreement involves entities in the Dubai International Financial Centre (DIFC), this law would be applicable as it governs contractual relationships within the DIFC jurisdiction.
UAE Federal Law No. 4 of 2020 (Securities Law): If the assignment involves securities or financial instruments, this law would be relevant as it governs the transfer and trading of securities in the UAE.
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Tripartite Assignment Agreement

A UAE law-governed agreement facilitating the transfer of rights and obligations between three parties, with specific provisions ensuring compliance with local legal requirements.

find out more

Assignment Agreement For Flat

A UAE-compliant legal agreement transferring rights and obligations of a flat purchase from one party to another, subject to UAE federal and emirate-level property laws.

find out more

Assignation Agreement

A UAE-law governed agreement that transfers rights or obligations from one party to another, structured in compliance with UAE Civil Code requirements.

find out more

Assignment Of Agreement Addendum

A UAE-compliant legal document that facilitates the transfer of contractual rights and obligations from one party to another, structured as an addendum to an existing agreement.

find out more

Assignment Assumption And Amendment Agreement

A UAE law-governed agreement that combines the assignment of rights and obligations, their assumption by a new party, and amendments to the original agreement.

find out more

Agreement To Assign Contract For Sale And Purchase

UAE-governed agreement for transferring rights and obligations under an existing property sale and purchase contract, ensuring compliance with local property laws and registration requirements.

find out more

Assignment Of Liabilities Agreement

UAE-governed agreement facilitating the formal transfer of specified liabilities from one party to another, compliant with UAE Civil Code and Sharia principles.

find out more

Amendment And Assignment Agreement

A UAE law-governed document that combines contract amendments with the transfer of rights and obligations from one party to another, ensuring compliance with UAE Civil Code requirements.

find out more

Confidentiality And Intellectual Property Assignment Agreement

UAE-governed agreement combining confidentiality obligations and intellectual property assignment provisions, ensuring protection of confidential information and IP rights transfer.

find out more

Assignment Employment Contract

UAE-compliant employment contract for temporary assignment arrangements between home and host companies, governed by UAE Labor Law.

find out more

Assignment Of Payment Agreement

A UAE-law governed agreement that transfers payment rights from one party to another, compliant with UAE Civil Code requirements and local commercial practices.

find out more

Assignment Fee Contract

A UAE law-governed contract establishing terms for payment of fees related to the assignment of rights, obligations, or assets between parties.

find out more

Asset Assignment Agreement

A UAE law-compliant agreement for transferring ownership of assets from one party to another, incorporating local legal requirements and transfer mechanisms.

find out more

Assignment Of Inventions Agreement

UAE-governed agreement for transferring ownership rights of inventions from inventors to assignees, compliant with UAE Federal Law No. 11 of 2021.

find out more

Assignment And Novation Agreement

A UAE law-governed agreement that transfers contractual rights and obligations from one party to another, with the original counterparty's consent.

find out more

Assignment Of Claim Agreement

A UAE law-governed agreement that transfers legal rights or claims from one party to another, structured according to UAE Civil and Commercial Laws.

find out more

Assignment And Transfer Agreement

UAE-governed agreement facilitating the transfer of rights, assets, or obligations from an Assignor to an Assignee, compliant with UAE Civil Code requirements.

find out more

Assignment Of Proceeds Agreement

A UAE-law governed agreement transferring rights to receive payments or proceeds from one party to another, complying with UAE Civil Code requirements and local commercial regulations.

find out more

Assignment And Assumption Agreement

A UAE law-governed agreement that documents the transfer of rights and obligations from one party to another, ensuring legal compliance and proper documentation of the transfer.

find out more

Employee Intellectual Property Assignment Agreement

UAE-governed agreement ensuring employee intellectual property rights are assigned to the employer, compliant with UAE Federal Employment and IP laws.

find out more

Assumption Agreement

A UAE law-governed agreement facilitating the transfer of contractual obligations from one party to another, with the original counterparty's consent.

find out more

Receivables Transfer Agreement

UAE law-governed agreement for the transfer of receivables between parties, documenting terms and conditions of the assignment under UAE Civil and Commercial Codes.

find out more

Real Estate Contract Assignment Agreement

UAE-governed agreement transferring rights and obligations under an existing real estate contract from an Assignor to an Assignee, complying with UAE real estate regulations.

find out more

Property Assignment Agreement

A UAE-compliant legal agreement facilitating the transfer of real property ownership from one party to another, incorporating local property laws and registration requirements.

find out more

Membership Interest Transfer Agreement

UAE-governed agreement facilitating the transfer of membership interests in a UAE company, including terms of sale and regulatory compliance requirements.

find out more

Loan Assignment Agreement

A UAE-law agreement transferring rights and obligations under an existing loan from one lender to another, complying with UAE Civil Code and banking regulations.

find out more

Lease Transfer Agreement

UAE-governed agreement transferring lease rights and obligations from an existing tenant to a new tenant, compliant with UAE federal and emirate-specific property laws.

find out more

Lease Assumption Agreement

UAE-governed agreement transferring lease rights and obligations from existing tenant to new tenant, with landlord's consent and compliance with local property laws.

find out more

Lease Assignment And Assumption Agreement

A UAE-compliant agreement transferring lease rights and obligations from an existing tenant to a new tenant, with landlord's consent and adherence to UAE federal and emirate-specific property laws.

find out more

Employee Proprietary Information And Inventions Agreement

UAE-governed agreement protecting employer's intellectual property rights and confidential information in employment relationships.

find out more

Employee Invention Agreement

UAE-compliant agreement governing ownership and rights of employee-created inventions during employment.

find out more

Employee Assignment Agreement

A UAE-compliant agreement governing the temporary assignment of an employee from their primary employer to a host company, establishing terms and conditions under UAE labor law.

find out more

Debt Novation Agreement

A UAE law-governed agreement that replaces an existing debt obligation with a new one, complying with UAE Civil Code requirements and establishing new terms between the parties.

find out more

Debt Assignment Agreement

UAE law-governed agreement transferring debt rights from one party to another, including terms, conditions, and completion requirements.

find out more

Contract Assignment Agreement

A UAE law-governed agreement that transfers contractual rights and obligations from one party to another, ensuring compliance with UAE Civil Code requirements.

find out more

Confirmatory Assignment Agreement

A UAE law-governed agreement that formally confirms and reinforces a previous assignment of rights or assets between parties.

find out more

Collateral Assignment Agreement

A UAE law-governed security document where an assignor grants security interests over specific assets or rights to an assignee as collateral for obligations.

find out more

Assignor And Assignee Agreement

A UAE-law governed agreement facilitating the transfer of rights and obligations from an assignor to an assignee, compliant with UAE Civil Code requirements.

find out more

Assignment Of Subcontract Agreement

UAE-governed agreement transferring subcontract rights and obligations from one subcontractor to another, with main contractor's consent.

find out more

Assignment Of Shares Agreement

A UAE law-governed agreement documenting the transfer of company shares from one party to another, complying with local regulatory requirements.

find out more

Assignment Of Rights Agreement

A UAE law-governed agreement that facilitates the formal transfer of rights, interests, or property from an Assignor to an Assignee.

find out more

Assignment Of Revenue Agreement

A UAE law-governed agreement facilitating the transfer of revenue streams from one party to another, compliant with both UAE Civil Code and Sharia principles.

find out more

Wholesale Assignment Contract

UAE-governed agreement for transferring wholesale distribution rights and obligations between commercial entities, compliant with local commercial laws.

find out more

Vehicle Assignment Agreement

UAE-governed agreement for the formal assignment of vehicle usage rights and responsibilities between parties, ensuring compliance with local traffic laws and regulations.

find out more

Technology Assignment Agreement

UAE-governed agreement for transferring technology rights and associated intellectual property from one party to another, ensuring compliance with UAE Federal laws.

find out more

Stock Assignment Agreement

A UAE-governed agreement that documents and effects the legal transfer of shares from one party to another, ensuring compliance with local corporate laws.

find out more

Software Assignment Agreement

UAE-governed agreement for transferring complete ownership rights of software from one party to another, including all associated intellectual property rights.

find out more

Security Assignment Agreement

A UAE law-governed agreement creating security over contractual rights and receivables, establishing terms for assignment and enforcement under local law requirements.

find out more

Sale And Assignment Agreement

UAE-governed agreement facilitating the transfer of ownership rights and interests between parties, structured under UAE Civil and Commercial Laws.

find out more

Assignment Of Rental Agreement

UAE-compliant agreement transferring rental rights and obligations from an existing tenant to a new tenant, subject to landlord approval and local emirate regulations.

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.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’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; Genie’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 Trust Centre for more details and real-time security updates.

Read our Privacy Policy.