Assignment Of Debt Agreement

Clients Rate Lawyers on our Platform 4.9/5 Stars
based on 1,850 reviews

Jump to Section

Need help with a legal contract?

CREATE A FREE PROJECT POSTING
Post Project Now

What is an Assignment Of Debt Agreement?

An assignment of debt agreement is a legal document between a debtor and creditor that outlines the repayment terms. An assignment of debt agreement can be used as an alternative to bankruptcy, but several requirements must be met for it to work.

In addition, if obligations are not met under a debt agreement, it might still be necessary to file for bankruptcy later on. Therefore, consulting with an attorney specializing in debt agreements is always recommended before entering into one of these contracts.

Assignment Of Debt Agreement Sample

Exhibit 10.24

ASSIGNMENT AGREEMENT

THIS ASSIGNMENT AGREEMENT is made as of May 6, 2004

AMONG:

IMPACT CAPITAL PARTNERS LIMITED, a body corporate with offices at 1800 Century Park East, Suite 600, Los Angeles, California 90067

(the "Assignor")

AND:

PACIFICWAVE PARTNERS LIMITED, a body corporate with offices at Water Garden II, 1601 Cloverfield Boulevard, 2nd Floor, South Floor, Santa Monica, California 90404

(the "Assignee")

AND:

BULLDOG TECHNOLOGIES INC., a body corporate with offices at 128 - 11180 Coppersmith Place, Richmond, British Columbia, V7A 5G8

("Bulldog")

WHEREAS:

A. Pursuant to a letter agreement (the "Letter Agreement") dated March 4, 2004 between the Assignor and Bulldog, Bulldog engaged the Assignor as its non-exclusive financial advisor and investment intermediary to, among other things, find and introduce one or more investors satisfactory to Bulldog who would be interested in entering into an investment transaction with Bulldog;

B. Subject to Bulldog's prior approval in writing, the Assignor has the right to assign its rights under the Letter Agreement to any person or entity as specified in writing with notice of assignment sent to Bulldog by mail or facsimile; and

C. The Assignor wishes to assign and transfer to the Assignor, and the Assignor wishes to accept the assignment and transfer from the Assignor, the rights and obligations under the Letter Agreement;

NOW THEREFORE THIS AGREEMENT WITNESSES that, in consideration of the premises, the mutual covenants and agreements herein contained and other valuable consideration (the receipt and sufficiency of which is hereby acknowledged by the parties), the parties agree as follows:

  1. The Assignor absolutely assigns, transfers and sets over unto the Assignee all right, title, benefit and interest that the Assignor is entitled to or possessed of, in, to or under the Letter Agreement.
  2. The Assignee assumes, covenants and agrees to be responsible for all obligations of the Assignor under the Letter Agreement and the Assignee agrees that it will be bound by the Letter Agreement as fully as if it had been an original party to the Letter Agreement.
  3. This Agreement will be read and construed together with the Letter Agreement, and the rights and obligations of the parties hereto will be determined in accordance with the covenants, agreements, conditions, representations, and warranties made herein and in the Letter Agreement.
  4. All grants, covenants, provisos, agreements, rights, powers, privileges, and liabilities contained in this Agreement will be read and held as made by and with, granted to and imposed upon, the respective parties hereto, and their respective successors, and assigns.
  5. Bulldog hereby acknowledges notice of assignment in satisfaction of the assignment provision in the Letter Agreement.
  6. This Agreement may be executed in any number of counterparts, each of which shall be enforceable against the parties executing such counterparts, and all of which together shall constitute a single document. Except as otherwise stated herein, in lieu of the original documents, a facsimile transmission or copy of the original documents shall be as effective and enforceable as the original.

IN WITNESS WHEREOF the parties hereto have executed or caused this Agreement to be executed as of the date above written.

IMPACT CAPITAL PARTNERS LIMITED
Per: /s/ Henrik Rouf
Authorized Signatory
Name: Henrik Rouf
Title: Director

PACIFICWAVE PARTNERS LIMITED
Per: /s/ Henrik Rouf
Authorized Signatory
Name: Henrik Rouf
Title: Managing Director

BULLDOG TECHNOLOGIES INC.
Per: /s/ John Cockburn
Authorized Signatory
Name: John Cockburn
Title: President and Chief Executive Officer

 


Reference:
Security Exchange Commission - Edgar Database, EX-10 5 exhibit1024f10qsbmay04.htm EXHIBIT 10.24, Viewed December 20, 2021, https://www.sec.gov/Archives/edgar/data/1193158/000108503704000737/exhibit1024f10qsbmay04.htm.

Who Helps With Assignment Of Debt Agreements?

Lawyers with backgrounds working on assignment of debt agreements work with clients to help. Do you need help with an assignment of debt agreement?

Post a project in ContractsCounsel's marketplace to get free bids from lawyers to draft, review, or negotiate assignment of debt agreements. All lawyers are vetted by our team and peer reviewed by our customers for you to explore before hiring.

How ContractsCounsel Works
Hiring a lawyer on ContractsCounsel is easy, transparent and affordable.
1. Post a Free Project
Complete our 4-step process to provide info on what you need done.
2. Get Bids to Review
Receive flat-fee bids from lawyers in our marketplace to compare.
3. Start Your Project
Securely pay to start working with the lawyer you select.

Meet some of our Assignment Of Debt Agreement Lawyers

ContractsCounsel verified
Law Firm Principal
41 years practicing
Free Consultation

David H. Charlip, the principal of Charlip Law Group, LC, is one of only 101 Board Certified Civil Trial Lawyers in Miami-Dade, with over 40 years of litigation experience. Mr. Charlip is also one of only 136 Florida Civil Law Notaries. He is also a Florida Supreme Court Certified Circuit Civil Mediator and a Florida Supreme Court Approved Arbitrator. He has managed and litigated cases across the country. Mr. Charlip has advised businesses, drafted business formation and purchase and sale documents and litigated business disputes for over 40 years and is very familiar with all aspects of contractual relations.

ContractsCounsel verified
Managing Attorney
6 years practicing
Free Consultation

Trusted business and intellectual property attorney for small to midsize businesses. Helping businesses start, grow, scale and protect.

ContractsCounsel verified
Attorney
18 years practicing
Free Consultation

With over 16 years of experience in the area of estate planning, trademarks, copyrights and contracts, I am currently licensed in Florida and NJ. My expertise includes: counseling clients on intellectual property availability, use and registration; oversee all procedural details of registration and responses with the USPTO/US Copyright Office; negotiate, draft and review corporate contracts and licensing; counsel clients on personal protection, planning and drafting comprehensive estate plans.

ContractsCounsel verified
Attorney and Law Firm Owner/President
20 years practicing
Free Consultation

Melissa Taylor, the President and founding partner of Maurer Taylor Law, specializes in business contract review and drafting and is a second-generation attorney with private firm, in-house counsel, governmental, entrepreneurial, and solo practitioner experience. Melissa has a strong legal background, a dedication to customer service, is friendly, warm and communicative, and is particularly skilled at explaining complex legal matters in a way that's easy to understand. Melissa personally handles all client matters from start to finish to ensure client satisfaction.

ContractsCounsel verified
Attorney/Mediator/Arbitrator
41 years practicing
Free Consultation

Lawrence A. “Larry” Saichek is an AV rated attorney and a CPA focusing on business and real estate transactions, corporate law and alternative dispute resolution. With a background including five years of public accounting and six years as “in house” counsel to a national real estate investment company, Larry brings a unique perspective to his clients – as attorney, accountant and businessman. Many clients think of Larry as their outside “in house” counsel and a valued member of their team. Larry is also a Florida Supreme Court Certified Mediator and a qualified arbitrator with over 25 years of ADR experience.

ContractsCounsel verified
Attorney
33 years practicing
Free Consultation

Entertainment Attorney with 30+ years of experience, representing all aspects of the TV, Film, Music and Publishing Industries

ContractsCounsel verified
Shareholder
12 years practicing
Free Consultation

Aaron focuses his practice on entrepreneurs and emerging growth companies, providing general counsel services for companies from formation through exit. Aaron frequently advises clients in connection with routine and unique legal, business, and strategic decisions, including corporate, business and technology transactions, angel and venture financings, mergers and acquisitions, protection of intellectual property, and information privacy and data security.

Find the best lawyer for your project

Browse Lawyers Now

Want to speak to someone?

Get in touch below and we will schedule a time to connect!

Request a call