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Assignment Of Management Agreement
"I need an Assignment of Management Agreement to transfer our hotel management contract from ABC Hotels Limited to XYZ Hospitality Group, with the transfer to take effect from 1 March 2025 and including specific provisions for staff transition."
1. Parties: Identifies the assignor, assignee, and other relevant parties
2. Background: Details of the original management agreement and reason for assignment
3. Definitions: Key terms used throughout the document including defined terms from original agreement
4. Assignment: Core provisions detailing the assignment of rights and obligations
5. Effective Date: When the assignment takes effect and timing provisions
6. Governing Law: Confirms English and Welsh law applies
1. Warranties: Used when specific assurances are required about the management agreement's status and validity
2. Indemnities: Protection against specific risks and allocation of liabilities between parties
3. Consent Provisions: Details of any required third-party consents and conditions precedent
1. Schedule 1 - Original Management Agreement: Copy of the agreement being assigned
2. Schedule 2 - Specific Rights and Obligations: Detailed list of rights, obligations and liabilities being assigned
3. Schedule 3 - Consent Documents: Copies of any third-party consents obtained
4. Schedule 4 - Transfer Documents: Any additional documentation required to effect the transfer
Authors
Assignor
Assignee
Assignment Date
Completion
Completion Date
Confidential Information
Consents
Effective Date
Encumbrance
Existing Agreement
Management Agreement
Management Services
Original Counterparty
Original Management Agreement
Parties
Permitted Assignee
Rights and Obligations
Term
Third Party Consents
Transfer Documents
Working Day
Assignment
Consideration
Effective Date
Assumption of Obligations
Warranties and Representations
Release of Assignor
Continuing Obligations
Third Party Consents
Confidentiality
Data Protection
Notices
Further Assurance
Costs and Expenses
Severability
Entire Agreement
Variation
Waiver
Assignment and Transfer
Third Party Rights
Counterparts
Governing Law
Jurisdiction
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