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An Assignment Of Interest Agreement is a crucial legal instrument used when one party wishes to transfer their rights, benefits, or obligations in property, contracts, or other interests to another party. This document is particularly relevant in the Malaysian legal context, where it must comply with specific requirements under the Contracts Act 1950, Civil Law Act 1956, and other relevant legislation. The agreement is commonly used in various business transactions, including assignment of contractual rights, transfer of shares, property interests, or intellectual property rights. It includes detailed provisions covering the nature of the interest being assigned, consideration, warranties, and completion requirements, while ensuring compliance with Malaysian stamping and registration requirements where applicable.

1. Parties: Identifies and defines the assignor and assignee with their full legal details

2. Background: Explains the context of the assignment, including details of the interest being assigned and the reasons for the assignment

3. Definitions: Defines key terms used throughout the agreement

4. Assignment: Core section detailing the specifics of what is being assigned and the terms of the assignment

5. Consideration: Specifies the payment or other consideration for the assignment

6. Representations and Warranties: Assignor's declarations regarding ownership, right to assign, and status of the assigned interest

7. Completion: Details of when and how the assignment will be completed

8. Further Assurance: Commitment to execute additional documents or take further actions if needed

9. Governing Law and Jurisdiction: Specifies Malaysian law as governing law and establishes jurisdiction for disputes

10. Notices: Specifies how formal communications between parties should be made

11. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments