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Deed Of Absolute Assignment Template for Singapore

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Key Requirements PROMPT example:

Deed Of Absolute Assignment

"I need a Deed of Absolute Assignment to transfer ownership of my intellectual property rights in a software application to a technology company in Singapore, with completion scheduled for March 15, 2025, and including specific warranties about the IP's originality."

Document background
A Deed Of Absolute Assignment is utilized when there is a need to permanently transfer legal rights, interests, or property from one party to another in Singapore. This document is particularly important as it creates an irrevocable transfer and must be executed with specific formalities under Singapore law. The deed typically includes detailed information about the parties, the rights being transferred, consideration, warranties, and any conditions attached to the assignment. It is commonly used in commercial transactions, property transfers, and financial arrangements, requiring careful drafting to ensure compliance with Singapore's legal framework and to provide adequate protection for all parties involved.
Suggested Sections

1. Parties: Identification of assignor and assignee with full legal names and addresses

2. Background: Context of the assignment and original rights/property being assigned

3. Definitions: Key terms used throughout the deed

4. Assignment Clause: Core provision effecting the absolute assignment of rights/property

5. Consideration: Details of payment or other consideration for the assignment

6. Warranties and Representations: Assignor's warranties regarding ownership and right to assign

7. Execution: Formal execution block including witness requirements

Optional Sections

1. Further Assurance: Commitment to execute additional documents if needed when future actions might be required to perfect the assignment

2. Notices: Process for serving notices between parties when ongoing communications might be needed

3. Successors and Assigns: Provisions regarding binding nature on successors when assignment might affect future parties

Suggested Schedules

1. Schedule 1 - Description of Assigned Property/Rights: Detailed description of what is being assigned

2. Schedule 2 - Original Documents: Copies of original agreements or documents relating to assigned rights

3. Schedule 3 - Conditions Precedent: Any conditions that must be met before assignment takes effect

4. Appendix A - Notice of Assignment: Form of notice to be given to relevant third parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions


























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Industries

Civil Law Act (Cap. 43): Primary legislation governing contracts and contractual relationships in Singapore, including requirements for valid assignments, provisions regarding consideration and deed formalities

Conveyancing and Law of Property Act (Cap. 61): Legislation governing legal requirements for property transfers, rules regarding assignments of property rights, and formal requirements for deeds in Singapore

Property Law Act (Cap. 242): Statute defining requirements for assignments of property interests and legal formalities for transfer of rights

Registration of Deeds Act (Cap. 269): Legislation specifying requirements for registration of deeds and establishing priority of registered instruments

Stamp Duties Act (Cap. 312): Law governing stamp duty requirements for assignments, including timing, payment requirements and penalties for non-compliance

Common Law Principles: Fundamental legal principles including doctrine of privity of contract, rules regarding assignment of rights and obligations, and principles of valid execution of deeds

Valid Assignment Requirements: Essential elements for a valid assignment including clear identification of parties, description of rights being assigned, consideration (if applicable), and execution formalities

Deed Execution Requirements: Specific requirements for valid deed execution including writing requirement, proper execution, witnessing, express execution as a deed, and delivery

Notice Requirements: Legal requirements regarding notice to third parties and steps necessary for perfecting the assignment

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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