A DEBT DUE FOR A
CONSIDERATION
This Deed of Assignment is executed on this __________________ day of
__________.
Between Mr.____________________________,
S/o____________________________________,
address_____________________________________________________________________
(hereinafter called "the assignor") which expression shall include
his successors, executors and administrators of the one part
And Mr._____________________________________,
S/o_________________________,
R/o_________________________________________________________________________
(hereinafter called "the assignee") which expression shall include
his successors, executors and administrators of the other part. Now This Deed
Witnesseth As Follows:
1. In consideration in lieu of the
sum of Rs. ______________ (Rupees ______________ only) paid by the assignee to
the assignor (the receipt of which the assignor hereby acknowledges) the
assignor as beneficial owner hereby transfers to the assignee all that debt due
and owing to the assignor by his customer Sh. __________,
S/o Sh. ____________________________,
address ______________________________.
2. The said debt, which was given by the
assignor to his customer, has been acknowledged vide a bond dated_________________
executed favoring the assignor by the customer.
3. addition to the amount in the
bond the assignor also transfers to the assignee all interest due and to become
due from the bond to the assignor, completely.
4. The assignee as beneficial owner accepts
the assignment so granted by the assignor.
5. The assignor hereby agrees with
the consents that the said debt is still due and owing to the assignor from his
customer. In Witness Whereof, the parties to this deed have appended their
signatures at ………………………………………, on the day, month and year first noted above, in
presence of:
Assignor ___________
Assignee: ____________
Signed....................
Date ......................
Witnesses:
1.
2.
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