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1. Parties: Identification of all parties: Assignor (original purchaser), Assignee (new purchaser), and acknowledgment of Original Seller
2. Background: Recitals explaining the original purchase agreement, reason for assignment, and current status of the transaction
3. Definitions: Key terms used throughout the agreement including Original Agreement, Property, Purchase Price, Closing Date, etc.
4. Assignment and Assumption: Core provision transferring all rights, title, and interest in the purchase agreement from Assignor to Assignee
5. Consideration: Details of the assignment price and payment terms between Assignor and Assignee
6. Representations and Warranties: Assignor's declarations regarding their right to assign, status of original agreement, and absence of defaults
7. Consent and Acknowledgment: Original Seller's consent to the assignment and acknowledgment of new purchaser
8. Obligations and Liabilities: Clear statement of transferred obligations and any retained liabilities
9. Closing and Completion: Procedures and requirements for completing the assignment transaction
10. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for disputes
1. Original Seller's Continuing Obligations: Used when need to specify Original Seller's ongoing obligations to the Assignee
2. Partial Assignment Provisions: Include when only certain rights or portions of the property are being assigned
3. Commission and Brokerage: Include when there are real estate agents or brokers involved in the assignment transaction
4. Tax Indemnification: Used when specific tax responsibilities need to be allocated between parties
5. Modification of Original Terms: Include when any original purchase agreement terms are being modified as part of the assignment
6. Security Deposits: Used when there are existing security deposits that need to be transferred or adjusted
7. Mortgage or Financing Provisions: Include when the assignment involves existing or new financing arrangements
1. Schedule A - Original Purchase Agreement: Copy of the original purchase and sale agreement being assigned
2. Schedule B - Property Description: Detailed legal description of the property including boundaries and specifications
3. Schedule C - Payment Details: Breakdown of payments, including original purchase price and assignment consideration
4. Schedule D - Outstanding Obligations: List of any pending obligations under the original agreement
5. Schedule E - Consent Documents: Copies of all required consent letters from Original Seller or other parties
6. Appendix 1 - Due Diligence Documents: List of property documents, titles, and certificates verified by Assignee
7. Appendix 2 - Completion Checklist: List of actions and documents required to complete the assignment
Real Estate
Construction
Property Development
Banking and Finance
Legal Services
Property Management
Commercial Property
Residential Property
Industrial Property
Hospitality
Legal
Real Estate
Property Management
Compliance
Contracts Administration
Property Acquisition
Documentation
Corporate Affairs
Risk Management
Transaction Support
Real Estate Manager
Property Lawyer
Legal Counsel
Property Developer
Real Estate Agent
Compliance Officer
Contract Manager
Property Administrator
Real Estate Investment Manager
Title Officer
Property Acquisition Manager
Legal Document Specialist
Real Estate Transaction Coordinator
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