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Assignment Of Judgment Agreement
"I need an Assignment of Judgment Agreement under Singapore law to transfer a commercial debt judgment of SGD 2.5 million from my company to a debt collection agency, with completion scheduled for March 15, 2025."
1. Parties: Identifies and defines the assignor (current judgment holder) and assignee (party receiving the judgment rights)
2. Background: Details of the original judgment, including case number, date, parties involved, and reasons for the assignment
3. Definitions: Key terms used throughout the agreement including 'Judgment', 'Assignment Date', 'Judgment Debtor', etc.
4. Assignment: Core provisions detailing the transfer of judgment rights, including the scope and effective date of the assignment
5. Consideration: Details of payment or other consideration for the assignment of judgment rights
6. Representations and Warranties: Assignor's confirmations about the validity of judgment and their right to assign
7. Notice Requirements: Provisions regarding notification to judgment debtor and any formal requirements
1. Further Assurance: Additional actions parties may need to take to perfect the assignment or assist in enforcement
2. Costs: Allocation of legal and administrative costs associated with the assignment
3. Partial Assignment: Terms governing assignment of only part of the judgment amount or rights
1. Schedule 1 - Original Judgment Details: Certified copy or detailed extract of the original judgment being assigned
2. Schedule 2 - Form of Notice: Template notice to be given to the judgment debtor regarding the assignment
3. Schedule 3 - Payment Schedule: Details of installment payments if consideration is not paid in full at completion
Authors
Assignee
Assignor
Assignment Date
Business Day
Completion
Completion Date
Consideration
Effective Date
Encumbrance
Judgment
Judgment Amount
Judgment Debtor
Judgment Debt
Notice of Assignment
Original Proceedings
Parties
Related Rights
Singapore Dollars
SGD
Transaction Documents
Transfer Documents
Working Day
Accumulated Interest
Confidential Information
Costs
Default Interest
Enforcement Rights
Interest Rate
Payment Date
Security
Settlement Agreement
Unpaid Amount
Consideration
Representations and Warranties
Notice Requirements
Further Assurance
Completion
Assignments and Transfers
Entire Agreement
Governing Law
Jurisdiction
Confidentiality
Costs
Taxes
Interest
Security
Enforcement
Severability
Waiver
Variation
Notices
Third Party Rights
Counterparts
Time of Essence
Default and Remedies
Force Majeure
Indemnification
Partial Assignment
Set-off Rights
Currency Provisions
Joint and Several Liability
Power of Attorney
Registration Requirements
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