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• Deed of Assignment and Transfer of Rights

DEED OF ASSIGNMENT AND TRANSFER OF RIGHTS

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Things you need to know about Deed of Assignment.

Last updated on 8 January 2024

1. What is a Deed of Assignment? 

A Deed of Assignment is a contract where the owner (the “assignor”) transfers ownership over property to another person (the “assignee”) by way of assignment. The assignee steps into the shoes of the assignor and assumes all the rights and obligations to the property.

If you will assign immovable property (e.g. land, house) then use this Deed of Assignment for Immovable Property instead.

2. When do you need a Deed of Assignment?

A Deed of Assignment is used when the owner wants to transfer ownership (and the rights and obligations) over property to another person.

3. What information do you need to create the Deed of Assignment?

To create your Deed of Assignment you’ll need the following minimum information:

• The type of assignor (e.g. individual or business) as well as name and details (e.g. nationality and address).
• The type of assignee (e.g. individual or business) as well as name and details (e.g. nationality and address).
• Brief description of the property to be assigned.

4.  How much is the document?

The document costs PHP 400 for a one-time purchase. Once purchased you have unlimited use and revisions of this type of document.

You can also avail of Premium subscription at PHP 1,000 and get (a) unlimited use of our growing  library  of documents (from affidavits to contracts); and (b) unlimited use of our “ Ask an Attorney ” service, which lets you consult an expert lawyer anytime for any legal concern you have.

Related Documents.

Activities that involve a Deed of Assignment sometimes use the following documents. You may be interested in them:

Deed of Assignment for Immovable Property

Assign your rights to immovable property (e.g. house, land) to another person

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Deed of Assignment and Transfer of Rights [Parts and Template]

A Deed of Assignment and Transfer of Rights is a legal document used when a person or a company who originally was a party to a contract (also known as the assignor or transferor) transfers his or its rights under the contract to another party (the assignee or transferee).

Accordingly, when the Deed of Assignment and Transfer of Rights has been drafted on the basis that in the original contract there is no prohibition to or restriction on assignment, and hence signed by both parties, it can be consequently assigned without the other contracting party’s consent.

In this article, I’ll try to dissect a sample Deed of Assignment and Transfer of Rights of a St. Peter Life Plan and provide descriptions of its fundamental elements or parts. As drafting a deed requires abundant caution, presence of mind, and knowledge of property and other allied laws, I highly advise that you seek help from experts and experienced in legal transactions.

Parts of a Deed of Assignment and Transfer of Rights

[1] Title of Deed . As implied above, deeds come in different forms and types. Check if the document and the first section displays the title – Deed of Assignment and Transfer of Rights. Conventionally, the first paragraph runs:

  KNOW ALL MEN BY THESE PRESENTS:

This deed, made and entered made and entered into this 13 rd day of January 2018 at the City of Manila, by and between:

[2] Parties Involved . A Deed of Assignment and Transfer of Rights must contain accurate information about the identities of the assigning and assigned parties. Other information such as age legality, citizenship, and postal address must be included, just as seen below:

Juan De la Cruz, Filipino citizen, of legal age, married to Josefina De la Cruz, and with residence and postal address at 123 Kasiglahan Street, Karangalan Village, Dela Paz, Pasig City, Philippines, hereinafter referred to as the “ASSIGNOR/TRANSFEROR”

Sebastian Maliksi, Filipino citizen, of legal age, single, and with residence and postal address at 456 Kasimanwa Street, Karangalan Village, Dela Paz, Pasig City, Philippines, hereinafter referred to as the “ASSIGNEE/TRANSFEREE”

[3] Contract Details . A Deed of Assignment and Transfer of Rights must contain a detailed description of the contract, hence in the context here – St. Peter Traditional Life Plan (St. Anne) contract and the Life Plan Agreement (LPA) Number:

WHEREAS, the ASSIGNOR/TRANSFEROR is the owner of life / memorial plan contract which is identified as St. Peter Traditional Life Plan (St. Anne), with Life Plan Agreement No. 123456;

[4] Contract Assignment and Transfer Agreement . As one of the most important and critical parts, this specifies the terms and conditions of the agreement. See sample below:

WHEREAS, for and in consideration of the value of the plan and out of accommodation and assistance for the ASSIGNEE/TRANSFEREE, the ASSIGNOR/TRANSFEROR is assigning and transferring all his/her rights and interests over the Life Plan mentioned in the immediately preceding paragraph to the ASSIGNEE/TRANSFEREE;

NOW, therefore for and in consideration of forgoing premises, the parties hereto have agreed on the following terms and conditions, to wit;

THE ASSIGNOR/TRANSFEROR, hereby waives all his / her rights and interests in the subject life plan in favor of the ASSIGNEE/TRANSFEREE. It is understood that when the Life Plan is assigned / availed of, then all obligations of St. Peter Life Plan, Inc. are fulfilled and discharged.

As a consequence of this assignment / transfer of rights, the ASSIGNEE/TRANSFEREE hereby assumes all the obligations and accountabilities of the ASSIGNOR/TRANSFEROR to St. Peter Life Plan, Inc. in connection with the life plan contract which it issued to the latter.

The ASSIGNEE/TRANSFEREE obligates and / or undertakes to comply with and abide by the requirements which St. Peter Life Plan Inc. may impose in connection with the purchase, possession, and use of the said Life Plan particularly the requirement that it should be fully paid before the memorial service could be availed of pursuant to the Life Plan.

[5] Execution . Once the Deed of Assignment and Transfer of Rights is drafted, the parties involved shall execute it by affixing their signatures. Other than the assigning and assigned parties, witnesses should also sign all the pages of the document. In addition, the deed shall be acknowledged and notarized by a legal practitioner.

IN WITNESS WHEREOF the parties have hereunto set their hands on the date and place first above written.

[  Assignor/Transferor]                           [Assignee/Transferee]

SIGNED IN THE PRESENCE OF:

[Witness]                                                    [Witness]

Disclaimer: Although much effort has been exerted in the creation of this article, the author disclaims any legal expertise and does not guarantee the accuracy and legitimacy of any or all of the information. Hence, it is advised that you consult with professionals such as insurance brokers and lawyers before engaging in legal transactions.    

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Deed of Assignment and Transfer of Rights

• Post author By Belle
• Post date June 14, 2022

Related Posts

• Tags real estate

Deed of Assignment of Stock Subscription

Choose whether the seller is an individual person, partnership, or corporation. The seller is the one transferring the shares.

Select " Corporation " if the employer is registered as a corporation whether stock or non-stock, or one-person corporation, or any other type of corporation with the Securities and Exchange Commission.

Select " Partnership " if the employer is a partnership that may be registered with the Securities and Exchange Commission.

Select " Individual person " if the employer is a natural person such as a sole proprietorship.

DEED OF ASSIGNMENT

KNOW ALL MEN BY THESE PRESENTS:

________ , of legal age, Filipino , residing at ________ hereinafter referred to as the ASSIGNOR

________ , of legal age, Filipino , residing at ________ , hereinafter referred to as the ASSIGNEE

WITNESSETH:

WHEREAS, ________ is a corporation organized and existing under and by virtue of the laws of the Philippines with principal address at ________ ;

WHEREAS, the ASSIGNOR is the legal and beneficial owner and holder of Stock Certificate No. ________ (the "Stock Certificate") representing ________ ( ________ ) Shares (the "Shares"), with a par value of ________ (Php________) per share, of ________ ;

WHEREAS, the ASSIGNOR has fully paid their total subscription of ________ (Php________);

WHEREAS, the ASSIGNOR desires to assign and convey ________ ( ________ ) Shares (the "Conveyed Shares") to the ASSIGNEE;

WHEREAS, the ASSIGNEE is willing to accept ASSIGNOR's aforementioned shares;

NOW, THEREFORE, for and in consideration of the foregoing premises and the sum of ________ (Php________), the receipt of which is hereby acknowledged by the ASSIGNOR in full, the ASSIGNOR hereby absolutely cedes, transfers, and conveys all the rights and title to and in the aforementioned ________ ( ________ ) Shares of ________ in favor of the ASSIGNEE and the ASSSIGNEE hereby accepts the same.

ASSIGNOR shall indorse, if necessary, and deliver all available documents necessary for the registration of the Shares in the name of the ASSIGNEE upon the signing of this Agreement. All other documents shall be delivered with any necessary indorsements within Five (5) Days from their availability.

ASSIGNOR shall file and pay the Documentary Stamp Tax ("DST") within Five (5) Days after the the close of the month when the Shares were transferred. For purposes of this Agreement, the Shares shall be considered transferred upon the indorsement of the Stock Certificate.

The ASSIGNOR hereby represents and warrants that:

1. the ASSIGNOR is the sole legal and beneficial owner of the Conveyed Shares;

2. 252 82282225 555528 88 2522 525 88255 22 522 525 588 885828, 88228, 8555228, 525 228528552828; 525

3. the ASSIGNOR has the full power and authority to assign, sell, cede, transfer, and convey the Conveyed Shares

IN WITNESS WHEREOF, we have hereunto set our hands this ____________________, in the City/Municipality of ____________________, Province of ____________________, Republic of the Philippines.

________ Assignor TIN - ________

________ Assignee TIN - ________

Signed in the presence of:

____________________

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES ) PROVINCE OF ________________________ ) CITY OR MUNICIPALITY OF ________________________ )S.S.

BEFORE ME, a Notary Public, for and in the CITY OR MUNICIPALITY OF ________________________, ________________________, this _______ day of ________________________, 20______, personally appeared the following persons:

1. ________ , with the following competent proof of identification: Driver's License with number ________ which expires on ________

2. ________ , with the following competent proof of identification: Driver's License with number ________ which expires on ________

all known to me 525 22 22 22282 22 82 252 8522 2258228 852 25285225 252 225222822 8225 22 8888222222 822828252822 22 _________ 25228, 828855822 2588 2522 85252 252 882228825222222 88 8582222, 525 2522 582228825225 22 22 2552 252 8522 88 25285 2522 525 828522552 582 525 5225.

WITNESS MY HAND AND SEAL on the day and place first written above.

Doc No. ________; Page No. ________; Book No. ________; Series of ________.

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Results for deed of assignment translation from English to Tagalog

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deed of sell

deed of undertaking

Last Update: 2022-12-22 Usage Frequency: 1 Quality: Reference: Anonymous

example of assignment letter

Last Update: 2020-10-30 Usage Frequency: 1 Quality: Reference: Anonymous

duly accomplished deed of assignment of atm card form

duly accomplished gawa ng pagtatalaga ng atm card form

Last Update: 2022-09-14 Usage Frequency: 1 Quality: Reference: Anonymous

deed of convenyance

gawa ng convenyance

Last Update: 2022-11-30 Usage Frequency: 1 Quality: Reference: Anonymous

checking of assignment of the students

pag susuri ng asignatura ng mga mag-aaral

Last Update: 2023-08-26 Usage Frequency: 1 Quality: Reference: Anonymous

deed of sale of land

gawa ng pagbebenta ng lupa

Last Update: 2020-01-16 Usage Frequency: 1 Quality: Reference: Anonymous

deed of sale of letter

kasulatan ng pagbebenta ng liham

Last Update: 2023-09-08 Usage Frequency: 2 Quality: Reference: Anonymous

deed of transfer of rights

Last Update: 2024-02-20 Usage Frequency: 3 Quality: Reference: Anonymous

deed of ownership of the house

kasulatan sa pagmamay ari ng bahay

Last Update: 2023-06-17 Usage Frequency: 5 Quality: Reference: Anonymous

deed of sale of a motor vehicle

gawa ng pagbebenta ng isang motor sasakyan

Last Update: 2023-02-08 Usage Frequency: 1 Quality: Reference: Anonymous

this deed of donation made and executed by

this deed of donation made of executed by

Last Update: 2023-04-16 Usage Frequency: 1 Quality: Reference: Anonymous

deed of donation for definite parcel of land

gawa ng donasyon para sa tiyak na kapirasong lupa

Last Update: 2023-03-07 Usage Frequency: 1 Quality: Reference: Anonymous

deed of sale of motor vehicle in an installment

akda ng pagbebenta ng sasakyang de motor na may installment

Last Update: 2021-08-27 Usage Frequency: 1 Quality: Reference: Anonymous

deeds of donation

mga gawa ng donasyon

Last Update: 2023-01-05 Usage Frequency: 1 Quality: Reference: Anonymous

sample of deed of absolute sale of unsegregated portion of land

sample ng deed of absolute sale ng unsegregated bahagi ng lupa

Last Update: 2016-10-10 Usage Frequency: 1 Quality: Reference: Anonymous

what is the opposite of assignments

ano ang kasalungat ng asignatura

Last Update: 2015-07-29 Usage Frequency: 1 Quality: Reference: Anonymous

equivalent to 6 percent of the selling price on the deed of sale or the zonal value, whichever is higher

alinman ang mas mataas

Last Update: 2021-01-18 Usage Frequency: 1 Quality: Reference: Anonymous

the workload might increase, and you may need to develop better time management skills to stay on top of assignments.

Last Update: 2023-09-02 Usage Frequency: 1 Quality: Reference: Anonymous

a deed of reconveyance is a legal document that indicates the transfer of a property’s title from lender to borrower – legally referred to as the trustor – in deed of trust states. the deed of reconveyance is typically issued after the borrower has paid off their mortgage in full. some states use deeds of trust instead of mortgages. these deeds document the details of how much is being borrowed, by whom and from whom. depending on your state, you may receive what’s called a full reconveyance, which is signed by a trustee and a notary public.

Last Update: 2024-01-23 Usage Frequency: 1 Quality: Reference: Anonymous

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Deed of Assignment: Everything You Need to Know

A deed of assignment refers to a legal document that records the transfer of ownership of a real estate property from one party to another. 3 min read updated on January 01, 2024

Updated October 8,2020:

A deed of assignment refers to a legal document that records the transfer of ownership of a real estate property from one party to another. It states that a specific piece of property will belong to the assignee and no longer belong to the assignor starting from a specified date. In order to be valid, a deed of assignment must contain certain types of information and meet a number of requirements.

What Is an Assignment?

An assignment is similar to an outright transfer, but it is slightly different. It takes place when one of two parties who have entered into a contract decides to transfer all of his or her rights and obligations to a third party and completely remove himself or herself from the contract.

Also called the assignee, the third party effectively replaces the former contracting party and consequently assumes all of his or her rights and obligations. Unless it is stated in the original contract, both parties to the initial contract are typically required to express approval of an assignment before it can occur. When you sell a piece of property, you are making an assignment of it to the buyer through the paperwork you sign at closing.

What Is a Deed of Assignment?

A deed of assignment refers to a legal document that facilitates the legal transfer of ownership of real estate property. It is an important document that must be securely stored at all times, especially in the case of real estate.

In general, this document can be described as a document that is drafted and signed to promise or guarantee the transfer of ownership of a real estate property on a specified date. In other words, it serves as the evidence of the transfer of ownership of the property, with the stipulation that there is a certain timeframe in which actual ownership will begin.

The deed of assignment is the main document between the seller and buyer that proves ownership in favor of the seller. The party who is transferring his or her rights to the property is known as the “assignor,” while the party who is receiving the rights is called the “assignee.”

A deed of assignment is required in many different situations, the most common of which is the transfer of ownership of a property. For example, a developer of a new house has to sign a deed of assignment with a buyer, stating that the house will belong to him or her on a certain date. Nevertheless, the buyer may want to sell the house to someone else in the future, which will also require the signing of a deed of assignment.

This document is necessary because it serves as a temporary title deed in the event that the actual title deed for the house has not been issued. For every piece of property that will be sold before the issuance of a title deed, a deed of assignment will be required.

Requirements for a Deed of Assignment

In order to be legally enforceable, an absolute sale deed must provide a clear description of the property being transferred, such as its address or other information that distinguishes it from other properties. In addition, it must clearly identify the buyer and seller and state the date when the transfer will become legally effective, the purchase price, and other relevant information.

In today's real estate transactions, contracting parties usually use an ancillary real estate sale contract in an attempt to cram all the required information into a deed. Nonetheless, the information found in the contract must be referenced by the deed.

Information to Include in a Deed of Assignment

• Names of parties to the agreement
• Addresses of the parties and how they are binding on the parties' successors, friends, and other people who represent them in any capacity
• History of the property being transferred, from the time it was first acquired to the time it is about to be sold
• Agreed price of the property
• Size and description of the property
• Promises or covenants the parties will undertake to execute the deed
• Signatures of the parties
• Section for the Governors Consent or Commissioner of Oaths to sign and verify the agreement

If you need help understanding, drafting, or signing a deed of assignment, you can post your legal need on UpCounsel's marketplace. UpCounsel accepts only the top 5 percent of lawyers to its site. Lawyers on UpCounsel come from law schools such as Harvard Law and Yale Law and average 14 years of legal experience, including work with or on behalf of companies like Google, Menlo Ventures, and Airbnb.

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Content Approved by UpCounsel

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Translation of "assignment" into Tagalog

takdang-aralin, trabaho, gawain are the top translations of "assignment" into Tagalog. Sample translated sentence: The assignment was too much for me. ↔ Masyadong mahirap ang takdang-aralin.

the act of assigning, or an assigned task [..]

English-Tagalog dictionary

Takdang-aralin.

task given to students

The assignment was too much for me.

Masyadong mahirap ang takdang - aralin .

After I was assigned to lead a stake self-reliance committee, I realized that I was underemployed myself.

Pagkatapos akong maatasang mamuno sa isang stake self-reliance committee, natanto ko na ako mismo ay hindi tugma ang kakayahan ko sa trabaho ko.

I was given opportunities to learn, serve, and grow through callings and assignments in our branch.

Nabigyan ako ng pagkakataong matuto, maglingkod at umunlad sa pamamagitan ng mga tungkulin at gawain sa aming branch.

pagtatadhana

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Automatic translations of " assignment " into Tagalog

Phrases similar to "assignment" with translations into tagalog.

• assign number itinalagang numero
• assigned task naitalagang tungkulin
• assign gamitin · ilagay · ipagkaloob · italaga · magtadhana · magtakda · magtanda · tadhana

Translations of "assignment" into Tagalog in sentences, translation memory

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Savvino-storozhevsky monastery and museum.

Zvenigorod's most famous sight is the Savvino-Storozhevsky Monastery, which was founded in 1398 by the monk Savva from the Troitse-Sergieva Lavra, at the invitation and with the support of Prince Yury Dmitrievich of Zvenigorod. Savva was later canonised as St Sabbas (Savva) of Storozhev. The monastery late flourished under the reign of Tsar Alexis, who chose the monastery as his family church and often went on pilgrimage there and made lots of donations to it. Most of the monastery’s buildings date from this time. The monastery is heavily fortified with thick walls and six towers, the most impressive of which is the Krasny Tower which also serves as the eastern entrance. The monastery was closed in 1918 and only reopened in 1995. In 1998 Patriarch Alexius II took part in a service to return the relics of St Sabbas to the monastery. Today the monastery has the status of a stauropegic monastery, which is second in status to a lavra. In addition to being a working monastery, it also holds the Zvenigorod Historical, Architectural and Art Museum.

Belfry and Neighbouring Churches

Located near the main entrance is the monastery's belfry which is perhaps the calling card of the monastery due to its uniqueness. It was built in the 1650s and the St Sergius of Radonezh’s Church was opened on the middle tier in the mid-17th century, although it was originally dedicated to the Trinity. The belfry's 35-tonne Great Bladgovestny Bell fell in 1941 and was only restored and returned in 2003. Attached to the belfry is a large refectory and the Transfiguration Church, both of which were built on the orders of Tsar Alexis in the 1650s.  

To the left of the belfry is another, smaller, refectory which is attached to the Trinity Gate-Church, which was also constructed in the 1650s on the orders of Tsar Alexis who made it his own family church. The church is elaborately decorated with colourful trims and underneath the archway is a beautiful 19th century fresco.

Nativity of Virgin Mary Cathedral

The Nativity of Virgin Mary Cathedral is the oldest building in the monastery and among the oldest buildings in the Moscow Region. It was built between 1404 and 1405 during the lifetime of St Sabbas and using the funds of Prince Yury of Zvenigorod. The white-stone cathedral is a standard four-pillar design with a single golden dome. After the death of St Sabbas he was interred in the cathedral and a new altar dedicated to him was added.

Under the reign of Tsar Alexis the cathedral was decorated with frescoes by Stepan Ryazanets, some of which remain today. Tsar Alexis also presented the cathedral with a five-tier iconostasis, the top row of icons have been preserved.

Tsaritsa's Chambers

The Nativity of Virgin Mary Cathedral is located between the Tsaritsa's Chambers of the left and the Palace of Tsar Alexis on the right. The Tsaritsa's Chambers were built in the mid-17th century for the wife of Tsar Alexey - Tsaritsa Maria Ilinichna Miloskavskaya. The design of the building is influenced by the ancient Russian architectural style. Is prettier than the Tsar's chambers opposite, being red in colour with elaborately decorated window frames and entrance.

At present the Tsaritsa's Chambers houses the Zvenigorod Historical, Architectural and Art Museum. Among its displays is an accurate recreation of the interior of a noble lady's chambers including furniture, decorations and a decorated tiled oven, and an exhibition on the history of Zvenigorod and the monastery.

Palace of Tsar Alexis

The Palace of Tsar Alexis was built in the 1650s and is now one of the best surviving examples of non-religious architecture of that era. It was built especially for Tsar Alexis who often visited the monastery on religious pilgrimages. Its most striking feature is its pretty row of nine chimney spouts which resemble towers.

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