Liability Assumption Agreement Template for Pakistan

1. Regulatory Compliance: Include when the liability assumption requires specific regulatory approvals or compliance measures

2. Security Arrangements: Add when additional security or collateral is being provided to support the assumption

3. Step-In Rights: Include when certain parties need rights to step in and take over obligations in specific circumstances

4. Insurance: Add when specific insurance requirements are needed for the assumed liabilities

5. Third Party Consents: Include when third party approvals are required for the assumption

6. Transition Arrangements: Add when there needs to be a transition period or specific arrangements for transferring the liability

7. Islamic Law Compliance: Include when the agreement needs to comply with Islamic law principles

8. Tax Provisions: Add when there are specific tax implications that need to be addressed

1. Schedule 1 - Description of Liabilities: Detailed description of all liabilities being assumed, including amounts, dates, and original agreements

2. Schedule 2 - Required Consents: List of all required third-party consents and their status

3. Schedule 3 - Security Documents: Details of any security arrangements or collateral being provided

4. Schedule 4 - Form of Notices: Template notices to be used for notifying relevant parties of the assumption

5. Appendix A - Original Liability Documents: Copies of original agreements or documents creating the liability

6. Appendix B - Corporate Authorizations: Copies of corporate authorizations, board resolutions, and powers of attorney

7. Appendix C - Regulatory Approvals: Copies of any required regulatory approvals or licenses