Ƶ

Assignable Contract for Philippines

Assignable Contract Template for Philippines

This document serves as a comprehensive contract template designed under Philippine law that explicitly allows for the transfer or assignment of rights and obligations from one party to another. It incorporates essential provisions required by the Philippine Civil Code and commercial law, ensuring compliance with local legal requirements while maintaining flexibility for various commercial applications. The document includes detailed mechanisms for assignment, necessary consent procedures, and protections for all parties involved, making it suitable for both simple and complex commercial arrangements while maintaining enforceability under Philippine jurisdiction.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Assignable Contract

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Assignable Contract?

The Assignable Contract template is specifically designed for use under Philippine law when parties need to establish a contractual relationship with the flexibility to transfer rights and obligations to third parties. This document type is particularly relevant in commercial transactions where future assignment might be necessary or beneficial, such as in project financing, asset transfers, or business restructuring. The template incorporates all necessary elements required by the Philippine Civil Code and relevant commercial regulations, including specific provisions for valid assignment, consent requirements, and procedural mechanisms. It serves as a fundamental tool for businesses and organizations that need to ensure their contractual arrangements remain adaptable to changing circumstances while maintaining legal certainty and enforceability.

What sections should be included in a Assignable Contract?

1. Parties: Identification of the contracting parties with their complete legal names, addresses, and corporate details if applicable

2. Background: Context of the agreement and relationship between the parties

3. Definitions: Key terms used throughout the agreement, including specific definitions related to assignment rights

4. Subject Matter: Clear description of the contract's primary purpose and scope

5. Rights and Obligations: Detailed outline of each party's rights and responsibilities under the contract

6. Assignment Provisions: Specific terms governing the right to assign, including conditions, notice requirements, and limitations

7. Consideration: Details of payment or other consideration, including any financial terms related to assignment

8. Term and Termination: Duration of the agreement and circumstances under which it may be terminated

9. Representations and Warranties: Statements of fact and guarantees made by each party

10. Governing Law: Specification of Philippine law as governing law and relevant jurisdictional provisions

11. Execution: Signature blocks and execution formalities

What sections are optional to include in a Assignable Contract?

1. Consent Requirements: Used when specific consent procedures are needed for assignment

2. Security Provisions: Include when assignment involves security interests or collateral

3. Intellectual Property: Required when the contract involves IP rights that may be affected by assignment

4. Confidentiality: Include when sensitive information will be shared between parties

5. Assignment Fees: Include when there are specific costs associated with assignment

6. Step-In Rights: Used in complex commercial contracts where direct intervention rights are needed

7. Notice Requirements: Detailed notification procedures for assignment when standard provisions are insufficient

What schedules should be included in a Assignable Contract?

1. Schedule A - Asset Schedule: Detailed list of assets or rights subject to potential assignment

2. Schedule B - Form of Assignment Notice: Template for formal assignment notification

3. Schedule C - Assignee Requirements: Specific criteria or qualifications required for potential assignees

4. Appendix 1 - Consent Form: Standard form for obtaining necessary consents for assignment

5. Appendix 2 - Assignment Procedure: Step-by-step process for executing an assignment

6. Appendix 3 - Required Documents: List of documents needed to effect an assignment

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Philippines

Publisher

Ƶ

Document Type

Agreement Contract

Cost

Free to use
Relevant legal definitions



































Clauses



































Relevant Industries

Banking and Finance

Real Estate

Construction

Manufacturing

Technology and Software

Telecommunications

Energy and Utilities

Infrastructure

Healthcare

Professional Services

Retail and Distribution

Transportation and Logistics

Relevant Teams

Legal

Finance

Commercial

Operations

Risk Management

Compliance

Corporate Affairs

Business Development

Project Management

Procurement

Asset Management

Relevant Roles

Legal Counsel

Contract Manager

Business Development Manager

Project Manager

Commercial Director

Chief Financial Officer

Risk Manager

Compliance Officer

Operations Director

Corporate Secretary

Transaction Manager

Asset Manager

Finance Manager

Procurement Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Non Binding Agreement

A Non-Binding Agreement template under Philippine law for structuring preliminary business discussions and proposed arrangements while maintaining no legal obligations.

find out more

Bilateral Contract (Real Estate)

A Philippine law-compliant bilateral contract for real estate transactions, facilitating legal property transfer between parties with necessary terms and conditions.

find out more

Business Agreement

Template for a Philippine-law compliant business agreement, structured to establish clear commercial relationships while meeting local legal requirements.

find out more

Option Contract (Real Estate)

A Philippine law-governed contract granting exclusive rights to purchase specific real estate property under preset terms and conditions within a defined timeframe.

find out more

Written Agreement For Payment

A legally binding payment agreement under Philippine law that establishes payment terms, schedules, and obligations between parties.

find out more

Land Lease Agreement Form

A Philippine law-compliant agreement establishing terms for leasing land between property owner and tenant, including rental terms, usage rights, and obligations.

find out more

Bilateral Contract

A bilateral contract template compliant with Philippine law, establishing reciprocal obligations between two parties.

find out more

Consignment Agreement Form

A Philippine law-governed agreement establishing terms for consignment sales arrangement between product owner and seller, including commission and inventory management terms.

find out more

General Tenancy Agreement

A Philippine law-compliant agreement establishing terms and conditions for property rental between landlord and tenant.

find out more

Standard Form Contract

A standardized contract template compliant with Philippine law, designed for regular business-to-consumer transactions with pre-set terms and conditions.

find out more

Contract Agreement Form

A comprehensive Contract Agreement Form template compliant with Philippine law, designed for establishing legally binding business relationships.

find out more

Money Agreement Between Two Parties

A comprehensive money lending agreement template compliant with Philippine law, structuring financial transactions between two parties.

find out more

Written Agreement

A formal Written Agreement compliant with Philippine law, establishing legally binding obligations between parties with clear terms and enforcement mechanisms.

find out more

Simple Contract

A straightforward legal agreement governed by Philippine law that establishes basic contractual relationships between parties, ensuring compliance with the Civil Code of the Philippines.

find out more

Side Agreement

A supplementary agreement under Philippine law that modifies or clarifies terms of an existing primary agreement while maintaining compliance with Philippine civil and commercial legislation.

find out more

Mutual Agreement Between Two Parties

A legally compliant template for Mutual Agreements between two parties under Philippine law, suitable for various business relationships.

find out more

Lease Agreement With Option To Purchase

A Philippine law-governed agreement combining property lease terms with a future purchase option, establishing conditions for both temporary use and potential acquisition.

find out more

Incorporation Agreement

A foundational legal document under Philippine law that establishes a new corporation and defines its basic structure, governance, and operational framework.

find out more

Formal Agreement

A binding legal agreement drafted under Philippine law that establishes formal business relationships and obligations between parties.

find out more

Fixed Term Tenancy Agreement

A Philippine law-compliant agreement establishing fixed-term rental terms between landlord and tenant, governed by the Rent Control Act and Civil Code of the Philippines.

find out more

Contract For Selling A Car

A Philippine law-compliant contract for the sale and transfer of ownership of a motor vehicle, including essential terms and conditions for both parties.

find out more

Casual Worker Contract

A Philippine-compliant contract for casual employment arrangements, establishing terms and conditions for temporary or intermittent work relationships.

find out more

Business Transfer Agreement

A Philippine law-governed agreement facilitating the complete transfer of business ownership, assets, and operations between entities, ensuring regulatory compliance and smooth transition.

find out more

Boilerplate Agreement

A versatile Boilerplate Agreement template compliant with Philippine law, designed for various business relationships and transactions.

find out more

Tooling Agreement

A Philippine law-governed agreement establishing terms for industrial tool development, supply, and usage rights between manufacturing parties.

find out more

Service Agreement Terms And Conditions

Philippine-law governed terms and conditions document outlining service provision arrangements between provider and client.

find out more

Representation Agreement

A Philippine law-governed agreement establishing the terms and conditions between a principal and their appointed representative, defining scope, territory, and mutual obligations.

find out more

Provisional Agreement

A temporary contractual arrangement under Philippine law that establishes interim terms and conditions between parties while evaluating longer-term collaboration possibilities.

find out more

Preliminary Agreement

A pre-contractual document under Philippine law that establishes the framework for negotiations and initial terms between parties before finalizing a detailed agreement.

find out more

Notary Rent Agreement

A legally binding rental agreement authenticated by a notary public under Philippine law, establishing terms and conditions between lessor and lessee.

find out more

Non Compete Agreement Between Companies

A Philippine law-governed agreement establishing competitive restrictions between companies, defining scope, duration, and territorial limitations of non-compete obligations.

find out more

Lease With Option To Buy

A Philippine law-governed agreement combining property lease terms with a future purchase option, structured to comply with local real estate and contract laws.

find out more

Land Agreement Between Two Parties

A Philippine law-compliant agreement for the transfer of land ownership between two parties, incorporating all essential legal requirements and protections.

find out more

Contract Agreement Between Two Parties

A bilateral agreement under Philippine law establishing legally binding obligations between two parties, with comprehensive terms and conditions for business relationships.

find out more

Common Terms Agreement

A Philippine law-governed agreement establishing common terms for syndicated lending facilities, standardizing the relationship between multiple lenders and borrower(s).

find out more

Buyer Agency Agreement

A Philippine-law governed agreement establishing a professional relationship between a real estate agent and property buyer, outlining the agent's authority, duties, and compensation terms.

find out more

Statement Of Agreement

A formal document under Philippine law that records mutual understanding and commitments between parties, serving as a simplified yet legally binding agreement.

find out more

Contract For Service And Contract Of Service

A dual-purpose contract template for employment and independent contractor relationships compliant with Philippine law and regulations.

find out more

Preliminary Contract

A Philippine law-governed binding preliminary agreement that establishes the framework and obligations for parties negotiating toward a final contract.

find out more

Key Agreement For Employees

A Philippine-compliant agreement governing the issuance and management of keys/access devices to employees, establishing security protocols and holder responsibilities.

find out more
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it