- Assignment of Debt document templates | LawLive
LawLive ®
Thank you for your kind words:

I was actually in the final process of submitting a quotation, in which I felt the need for a legal document to bind an agreement between myself and the contractor. I will most definitely recommend this service to all small businesses and no doubt use this service in the near future.

Many thanks LawLive.
Tui Lavulavu - Protrades Property Services
LawLive ®


LawLive

LawLive is a member of the Internet Industry Association   LawLive is Responsible Internet Business
Find your document

- Assignment of Debt

Use Lawlive's Deeds of Assignment of Debt (Loans) to assign a debt as between companies and individuals or between each. The deeds assign rights and accordingly it is important to consider the requirements to assign a debt and the risks of doing so. Some advantages of assigning a debt are that no consideration is required for a valid legal assignment, the assignee is entitled to sue the debtor in its own name and does not need to join the assignor as a party to the action, the debtor can safely perform its obligations in favour of the assignee, the assignee is the person who can discharge the debt, and that a legal interest is obtained for value and without notice of earlier equitable interests and will be accorded priority ahead of equitable interests.

LawLive ®
LawLive ®
LawLive ®