Docstoc

Georgia General Assignment Agreement

Document Sample
Georgia General Assignment Agreement Powered By Docstoc
					Docstoc Legal Agreements




                             This General Assignment Agreement is a contract whereby an insolvent entity ("Assignor")
                             transfers legal and equitable title, as well as control of its property, to a third party
                             ("Assignor") in trust, to apply the proceeds of sale to the assignor's creditors. A general
                             assignment is an alternative to bankruptcy and is structured to save time and expense in
                             concluding the affairs of an insolvent company. Through a general assignment, the
                             insolvent company's assets can be sold quickly and efficiently, and the liquidation proceeds
                             will be distributed to creditors shortly thereafter. This document should be used by
                             insolvent companies located in Georgia as an alternative to filing bankruptcy.
             ®




                           DISCLAIMERS: ALL INFORMATION AND FORMS ARE PROVIDED “AS IS” WITHOUT ANY WARRANTY OF ANY KIND, EXPRESS, IMPLIED, OR
                           OTHERWISE, INCLUDING AS TO THEIR LEGAL EFFECT AND COMPLETENESS. They are for gener al guidance and should be modified by you or your
                           attorney to meet your specific needs and the laws of your state. Use at your own risk. Docstoc, its employees or contractors who wrote or modified any
                           form, are NOT providing legal or any other kind of advice and are not creating or entering into an Attorney-Client relationship. The information and forms
                           are not a substitute for the advice of your own attorney. Use of this document and our service are deemed to be your acknowledgement and agreement to
                           the following: The disclaimers and links on this page and the back page(s); our Terms of Service (http://www.docstoc.com/popterm.aspx?page_id=15), and
                           read more here (http://www.docstoc.com/popterm.aspx?page_id=114) for additional disclaimers and more. You also agree that if you are not the person
                           using the document and services that you will provide such person(s) who will be with these front and back disclaimer pages. This document is not
                           approved, endorsed by, or affiliated with any State, or gove rnmental or licensing entity.
                           Entire document copyright © Docstoc®, Inc., 2010 - 2013. All Rights Reserved
                                   GENERAL AGREEMENT

THIS AGREEMENT, made this _____ [Month] ____ [Date], 20____ by and between
_____________________________ [Instruction: Insert the name of individual/company]
hereinafter referred to as the “First Party” and _____________________________ [Instruction:
Insert the name of individual/company] hereinafter referred to as the “Second Party”.


In consideration of the mutual covenants and agreements to be kept and performed on the part of
said parties hereto, respectively as herein stated, the First Party does hereby covenant and agree
that it shall:

1. ___________________________________________________________________________
   ___________________________________________________________________________
   ___________________________________________________________________________
   __________________________________________________________________________

   [Instruction: Insert the obligation of first party]

2. And the said Second Party covenants and agrees that it shall:

   ___________________________________________________________________________
   ___________________________________________________________________________
   ___________________________________________________________________________
   __________________________________________________________________________

   [Instruction: Insert the obligation of second party]

3. Other      terms     to    be     observed    by      and      between the parties:
   ___________________________________________________________________________
   ___________________________________________________________________________
   ___________________________________________________________________________
   ___________________________________________________________________________
   [Instruction: Insert any additional terms between the parties]

4. This Agreement shall remain in full force and effect, for a period                          of
   ___________________________ [Instruction: Insert term of the agreement].

   This agreement shall be binding upon the parties, their successors, assigns and personal
   representatives. Time is of the essence on all undertakings. This agreement shall be enforced
   under the laws of the State of Georgia. This is the entire agreement.




© Copyright 2011 Docstoc Inc. registered document proprietary, copy not               2
IN WITNESS WHEREOF this Agreement has been signed the day and year first above
written.

Signed in the presence of:

____________________________________
____________________________________

[Instruction: Insert signature of witness #1]        [Instruction: Insert signature of first party]

____________________________________
______________________________________

[Instruction: Insert signature of witness #2]      [Instruction: Insert signature of second
party]




© Copyright 2011 Docstoc Inc. registered document proprietary, copy not                 3
INFORMATION AND FORMS ARE PROVIDED "AS IS" WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND
INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS FOR
ANY PARTICULAR PURPOSE. IN NO EVENT SHALL DOCSTOC, INC., OR ITS AGENTS, OFFICERS, ATTORNEYS, ETC., BE
LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF PROFITS,
BUSINESS INTERRUPTION, LOSS OF INFORMATION) ARISING OUT OF THE USE OF OR INABILITY TO USE THE MATERIALS,
EVEN IF DOCSTOC HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. They are for guidance and should be modified by
you or your attorney to meet your specific needs and the laws of your sta
				
DOCUMENT INFO
Shared By:
Tags:
Stats:
views:44
posted:12/8/2011
language:Unknown
pages:4
Description: This General Assignment Agreement is a contract whereby an insolvent entity ("Assignor") transfers legal and equitable title, as well as control of its property, to a third party ("Assignor") in trust, to apply the proceeds of sale to the assignor's creditors. A general assignment is an alternative to bankruptcy and is structured to save time and expense in concluding the affairs of an insolvent company. Through a general assignment, the insolvent company's assets can be sold quickly and efficiently, and the liquidation proceeds will be distributed to creditors shortly thereafter. This document should be used by insolvent companies located in Georgia as an alternative to filing bankruptcy.