Document background
The Assignment Of Judgment Agreement is a crucial document used when a judgment creditor wishes to transfer their rights in a court judgment to another party, typically for consideration. This scenario commonly arises in debt trading, portfolio sales, corporate restructuring, or when creditors seek to liquidate their judgment assets. The agreement must comply with Canadian federal and provincial requirements for judgment transfers, including proper registration and notice procedures. It contains detailed information about the original judgment, current amount owing (including interest and costs), and specific rights being transferred. The document is particularly important in the Canadian legal context as it must address provincial-specific requirements for judgment enforcement and transfer procedures, while ensuring the assignee obtains all necessary rights to pursue collection activities against the judgment debtor.
