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Subrogation Contract
"I need a Subrogation Contract under German law for our insurance company to take over claim rights from a manufacturing client regarding equipment damage worth €500,000, with the transfer to be effective from March 1, 2025."
1. Parties: Identification of the original creditor (subrogator) and the new creditor (subrogatee), including full legal names and addresses
2. Background: Context of the subrogation, including details of the original claim or right being transferred
3. Definitions: Definitions of key terms used in the agreement, including 'Original Claim', 'Subrogated Rights', 'Effective Date', etc.
4. Subject Matter of Subrogation: Detailed description of the rights, claims, or receivables being transferred through subrogation
5. Consideration: Details of any payment or consideration for the subrogation
6. Transfer of Rights: Explicit declaration of the transfer of rights and the exact scope of the subrogation
7. Representations and Warranties: Confirmations from the subrogator regarding the validity and enforceability of the transferred rights
8. Obligations of the Parties: Ongoing obligations of both parties, including cooperation in enforcement and document provision
9. Effective Date and Conditions: When the subrogation takes effect and any conditions precedent
10. Notices: Process for formal communications between the parties
11. Governing Law and Jurisdiction: Confirmation of German law as governing law and jurisdiction for disputes
1. Insurance Provisions: Special provisions when the subrogation involves insurance claims or insurers
2. Multiple Creditors: Additional provisions when there are multiple creditors or partial subrogation
3. Security Interests: Provisions regarding any security interests associated with the transferred rights
4. Confidentiality: Confidentiality obligations when dealing with sensitive commercial information
5. Data Protection: GDPR compliance provisions when personal data is involved
6. Further Assurance: Commitment to execute additional documents or take further steps if needed
7. Costs and Expenses: Allocation of costs related to the subrogation process
8. Severability: Provisions for maintaining validity if parts of the agreement are found invalid
1. Schedule 1 - Original Claim Details: Detailed description of the original claim or right being transferred
2. Schedule 2 - Related Documents: List and copies of relevant documents supporting the original claim
3. Schedule 3 - Calculation of Amounts: Detailed breakdown of claimed amounts and any calculations
4. Schedule 4 - Supporting Evidence: Evidence supporting the claim and its validity
5. Schedule 5 - Power of Attorney: If required, power of attorney for enforcement of rights
6. Appendix A - Notice Forms: Template forms for required notices under the agreement
Authors
Affiliate
Applicable Law
Assignment Date
Business Day
Claim
Claim Documentation
Consideration
Debtor
Effective Date
Encumbrance
Governing Law
Insured
Insured Event
Loss
Notice
Original Claim
Original Creditor
Party/Parties
Recovery Proceeds
Related Rights
Security Interest
Subrogated Rights
Subrogation
Subrogation Amount
Subrogation Date
Subrogator
Subrogatee
Supporting Documents
Third Party
Transfer
Underlying Agreement
Working Day
Interpretation
Transfer of Rights
Consideration
Warranties and Representations
Covenants
Notice Requirements
Payment Terms
Cooperation
Information and Documentation
Confidentiality
Data Protection
Assignment
Further Assurance
Costs and Expenses
Force Majeure
Severability
Entire Agreement
Amendment
Waiver
Notices
Third Party Rights
Counterparts
Dispute Resolution
Governing Law and Jurisdiction
Security Interests
Indemnification
Recovery Rights
Enforcement
Time Limits
Condition Precedent
Insurance Provisions
Compliance with Laws
Multiple Parties
Partial Invalidity
Insurance
Banking and Financial Services
Legal Services
Debt Collection
Healthcare
Construction
Manufacturing
Transportation and Logistics
Real Estate
Professional Services
Legal
Claims
Risk Management
Finance
Compliance
Insurance Operations
Credit Control
Debt Recovery
Contract Management
Corporate Affairs
Legal Counsel
Claims Manager
Risk Manager
Insurance Underwriter
Debt Recovery Specialist
Compliance Officer
Contract Manager
Chief Financial Officer
Insurance Claims Handler
Credit Manager
Legal Director
Recovery Operations Manager
Subrogation Specialist
Corporate Lawyer
Finance Manager
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A German legal document establishing a foundation under BGB §§ 80-88, defining its purpose, assets, and governance structure.
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A German law-governed agreement specifying insurance requirements and obligations for subcontractors, including coverage requirements, compliance procedures, and risk management protocols.
Subrogation Contract
A German law-governed agreement facilitating the transfer of legal rights, claims, or receivables from one party to another, typically used in insurance and financial contexts.
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