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Deed Of Assignment Of Rights

Deed Of Assignment Of Rights Template for Malaysia

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Key Requirements PROMPT example:

Deed Of Assignment Of Rights

"I need a Deed of Assignment of Rights under Malaysian law to transfer all intellectual property rights in our software platform from our subsidiary to our parent company, with the transfer to take effect from March 1, 2025."

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Document background
The Deed of Assignment of Rights is a crucial legal instrument in Malaysian business and commercial transactions, used when one party wishes to transfer their rights under a contract or agreement to another party. This document type is commonly employed in scenarios involving the transfer of receivables, intellectual property rights, contractual rights, or beneficial interests in property. The deed must comply with Malaysian legal requirements, including those set out in the Contracts Act 1950 and the Stamp Act 1949. It should clearly identify the rights being assigned, contain appropriate warranties from the assignor, and address any consent requirements from third parties. The document becomes particularly important in corporate restructuring, debt assignments, project financing, and asset transfers, where formal documentation of the rights transfer is essential for legal certainty and enforcement.
Suggested Sections

1. Parties: Identifies and defines the Assignor and Assignee with their full legal names, registration/identification numbers, and registered addresses

2. Background: Recitals explaining the context of the assignment, including description of the original rights and any relevant prior agreements

3. Definitions: Defines key terms used throughout the deed for clarity and consistency

4. Assignment: Core clause that effects the transfer of rights from Assignor to Assignee

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

6. Assignor's Warranties: Warranties given by the Assignor regarding ownership, right to assign, and status of the assigned rights

7. Further Assurance: Obligation to execute further documents and perform actions necessary to perfect the assignment

8. Notices: Specifies how and where formal notices under the deed should be delivered

9. Governing Law and Jurisdiction: Specifies Malaysian law as governing law and identifies courts having jurisdiction

10. Execution: Formal execution blocks with attestation requirements for a valid deed under Malaysian law

Optional Sections

1. Consent Requirements: Required when the original rights can only be assigned with third party consent

2. Confidentiality: Include when the assignment involves sensitive commercial information

3. Tax Provisions: Required when there are specific tax implications that need to be addressed

4. Intellectual Property: Include when the assignment involves IP rights

5. Registration: Include when the assignment needs to be registered with authorities

6. Anti-Money Laundering: Include for high-value assignments or when required by regulatory compliance

7. Successors and Assigns: Include when future transfer rights need to be addressed

Suggested Schedules

1. Schedule 1 - Description of Rights: Detailed description of the rights being assigned

2. Schedule 2 - Original Agreement: Copy or details of the agreement under which the rights originally arose

3. Schedule 3 - Consideration Details: Payment terms and schedule if the consideration is complex or involves multiple payments

4. Schedule 4 - Required Consents: List of required third-party consents and their status

5. Schedule 5 - Form of Notice: Template notice to be sent to relevant third parties regarding the assignment

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






















Clauses























Relevant Industries

Financial Services

Real Estate

Technology

Manufacturing

Intellectual Property

Construction

Energy

Telecommunications

Healthcare

Media and Entertainment

Professional Services

Mining and Resources

Relevant Teams

Legal

Compliance

Finance

Commercial

Risk Management

Corporate Secretarial

Operations

Business Development

Investment

Project Management

Relevant Roles

Legal Counsel

Contract Manager

Company Secretary

Chief Legal Officer

Commercial Director

Risk Manager

Compliance Officer

Business Development Manager

Chief Financial Officer

Project Manager

Asset Manager

Investment Manager

Corporate Lawyer

Operations Director

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

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