Agreement of Transfer Template

Business-in-a-Box's Agreement of Transfer Template

Document content

This agreement of transfer template has 2 pages and is a MS Word file type listed under our legal agreements documents.

Sample of our agreement of transfer template:

AGREEMENT OF TRANSFER This Agreement of Transfer (the "Agreement") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the "Transferor"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [COMPANY NAME] (the "Transferee"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] THIS AGREEMENT WITNESSETH: For good and valuable consideration, the receipt whereof is hereby acknowledged by the Transferor, the Transferor does hereby transfer, assign and make over unto the Transferee, hereto present and accepting the same, all book accounts and book debts and generally all accounts, debts, dues and demands of every nature and kind howsoever arising or secured and now due or owing or accruing or growing due, or which may hereafter become due, owing or accruing or growing due to the Transferor, in the [State/Province] of [STATE/PROVINCE], (the whole hereinafter referred to as the "Debts"), and the Transferor further assigns and transfers unto the Transferee all deeds, documents, writings, papers, books of account and other books relating to or being records of the Debts or by which the Debts are or may hereafter be secured, evidenced, acknowledged or made payable (the whole hereinafter referred to as the "Documents"). The present transfer and assignment is made subject to the following terms, clauses and conditions, all of which are essential hereto: (a) The present assignment is given in addition to and not in substitution for any similar assignment heretofore given to and still held by the Transferee and in particular any and all assignments made or contemplated by the Asset Purchase Agreement executed by the parties simultaneously herewith. The present assignment is taken by the Transferee as additional security for the fulfillment of the obligations of the Transferor to the Transferee and shall not operate as a merger of any simple contract debt or in any way suspend the fulfillment of, or any recourses of the Transferee in respect of the said obligations or any securities held by the Transferee for the fulfillment thereof; The Transferor expressly authorizes the Transferee to collect, demand, sue for, enforce, recover and receive the Debts and give valid and binding receipts and discharges therefore and in respect thereof, the whole to the same extent and with the same effect as if the Transferee were the absolute owner thereof and without regard to the state of accounts between the Transferor and the Transferee;

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Document content

This agreement of transfer template has 2 pages and is a MS Word file type listed under our legal agreements documents.

Sample of our agreement of transfer template:

AGREEMENT OF TRANSFER This Agreement of Transfer (the "Agreement") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the "Transferor"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [COMPANY NAME] (the "Transferee"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] THIS AGREEMENT WITNESSETH: For good and valuable consideration, the receipt whereof is hereby acknowledged by the Transferor, the Transferor does hereby transfer, assign and make over unto the Transferee, hereto present and accepting the same, all book accounts and book debts and generally all accounts, debts, dues and demands of every nature and kind howsoever arising or secured and now due or owing or accruing or growing due, or which may hereafter become due, owing or accruing or growing due to the Transferor, in the [State/Province] of [STATE/PROVINCE], (the whole hereinafter referred to as the "Debts"), and the Transferor further assigns and transfers unto the Transferee all deeds, documents, writings, papers, books of account and other books relating to or being records of the Debts or by which the Debts are or may hereafter be secured, evidenced, acknowledged or made payable (the whole hereinafter referred to as the "Documents"). The present transfer and assignment is made subject to the following terms, clauses and conditions, all of which are essential hereto: (a) The present assignment is given in addition to and not in substitution for any similar assignment heretofore given to and still held by the Transferee and in particular any and all assignments made or contemplated by the Asset Purchase Agreement executed by the parties simultaneously herewith. The present assignment is taken by the Transferee as additional security for the fulfillment of the obligations of the Transferor to the Transferee and shall not operate as a merger of any simple contract debt or in any way suspend the fulfillment of, or any recourses of the Transferee in respect of the said obligations or any securities held by the Transferee for the fulfillment thereof; The Transferor expressly authorizes the Transferee to collect, demand, sue for, enforce, recover and receive the Debts and give valid and binding receipts and discharges therefore and in respect thereof, the whole to the same extent and with the same effect as if the Transferee were the absolute owner thereof and without regard to the state of accounts between the Transferor and the Transferee;

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