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Master Assignment Agreement
"I need a Master Assignment Agreement for my Indian financial services company to facilitate recurring assignments of receivables to multiple foreign banking institutions, with implementation planned for March 2025; the agreement must include robust forex compliance provisions and clear mechanics for electronic execution."
1. Parties: Identification of the assignor and assignee, including full legal names, registration details, and addresses
2. Background: Context of the agreement, relationship between parties, and purpose of establishing the master assignment framework
3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation
4. Scope of Agreement: Overview of types of assignments covered and general framework for future assignments
5. Assignment Mechanism: Process and requirements for executing individual assignments under the master agreement
6. Representations and Warranties: Standard representations by both parties regarding capacity, authority, and ownership of assets
7. Assignment Conditions: Conditions precedent and subsequent for valid assignments under the agreement
8. Consideration: Framework for determining consideration for individual assignments
9. Rights and Obligations: Detailed rights and obligations of both parties regarding assignments
10. Notices and Communications: Process for serving notices and maintaining communication between parties
11. Confidentiality: Obligations regarding confidential information shared during assignments
12. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for disputes
13. Dispute Resolution: Mechanism for resolving disputes, including arbitration provisions
14. Term and Termination: Duration of the agreement and circumstances for termination
15. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments
1. Regulatory Compliance: Specific provisions for regulatory compliance when assignments involve regulated assets or industries
2. Foreign Exchange Provisions: Required when assignments may involve cross-border transactions or foreign currency
3. Intellectual Property Rights: Specific provisions for assignments involving IP rights
4. Security Interest: Provisions for creating security interests over assigned assets when required
5. Tax Provisions: Detailed tax implications and responsibilities when assignments have significant tax impact
6. Electronic Execution: Provisions for electronic execution of assignments when parties wish to enable this
7. Step-In Rights: Rights of assignee to step into assignor's position in certain circumstances
8. Anti-Money Laundering: Required when assignments involve financial assets or regulated entities
1. Schedule 1 - Form of Assignment Notice: Template notice to be used for individual assignments under the master agreement
2. Schedule 2 - Assignment Procedure: Detailed step-by-step procedure for executing assignments
3. Schedule 3 - Required Documents: List of documents required for each type of assignment
4. Schedule 4 - Contact Details: Contact information for key personnel and authorized signatories
5. Schedule 5 - Assignment Certificate Template: Standard form for documenting completed assignments
6. Schedule 6 - Compliance Checklist: Checklist of regulatory and legal requirements for different types of assignments
7. Appendix A - Applicable Fees: Schedule of fees and charges applicable to different types of assignments
8. Appendix B - Excluded Assets: List of assets or rights that cannot be assigned under the agreement
Authors
Financial Services
Banking
Information Technology
Manufacturing
Real Estate
Healthcare
Retail
Energy
Telecommunications
Professional Services
Infrastructure
Education
Media and Entertainment
Logistics and Supply Chain
Legal
Finance
Treasury
Compliance
Risk Management
Operations
Commercial
Business Development
Corporate Secretarial
Asset Management
Legal Counsel
Corporate Lawyer
Contract Manager
Finance Director
Chief Financial Officer
Business Development Manager
Risk Manager
Compliance Officer
Company Secretary
Transaction Manager
Asset Manager
Operations Director
Commercial Director
General Counsel
Treasury Manager
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