Docstoc Legal Agreements
This document is an agreement whereby the assignor assigns and transfers to the
assignee all of assignor's rights and interests in and to the described property and assets.
As drafted, this agreement is between a stockholder who assigns his or her rights to
specific assets and a company which issues shares to the assignor as consideration. This
document contains standard clauses but the terms and provisions of this document can be
modified to fit the needs of the drafting parties. It should be used by stockholders or other
individuals located in Alabama who are seeking to assign certain assets.
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ASSIGNMENT OF ASSETS
THIS ASSIGNMENT OF ASSETS AGREEMENT is made this ____ [Month] ____ [Date],
20____, by and between ___________________________ [Instruction: Insert the name of
stockholder] (hereinafter referred to as the "Stockholder") and _________________________
[Instruction: Insert the name of company], a company established under the laws of
Alabama located at _____________________________ [Instruction: Insert the address of the
company] (hereinafter referred to as the "Company").
WHEREAS, the Company was lawfully formed by Articles of Incorporation filed with the
Secretary of State of Alabama; and
WHEREAS, certain assets must be lawfully transferred to the Company so the Company
may be capitalized; and
WHEREAS, Stockholder wishes to transfer and Company wishes to acquire certain assets,
as specified in Exhibit A, attached; and
IT IS HEREBY AGREED, for and in consideration of the mutual covenants and agreements
hereinafter entered into, as follows:
1. Stockholder herewith transfers and assigns to the Company those assets specified in
Exhibit A, attached.
2. The Company herewith issues to Stockholder ____________________________ [Instruction:
Insert the number of shares issued] shares of stock in the Company, par value ________