Assignment of Assets


More Info
									This document is an agreement whereby the assignor assigns and transfers to 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 is intended to contain standard clauses but the terms and provisions of
this document can be modified to fit the needs of the drafting parties.
                                    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
________________ 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 ________________; 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 ________ ($___) [Instruction: Insert the value per share E.g., Five hundred dollars
    only ($ 500)] per share, in consideration of the abovementioned transfer and assignment of

______________________________                    ______________________________
    Stockholder’s Printed Name                          Stockholder’s Signature

© Copyright 2012 Docstoc Inc.                                                          2
______________________________          ______________________________
Company Representative’s Printed Name   Company Representative’s Signature

______________________________           ______________________________

        Witness #1’s Printed Name             Witness #1’s Signature

______________________________           ______________________________

        Witness #2’s Printed Name             Witness #2’s Signature

© Copyright 2012 Docstoc Inc.                                                3
                                EXHIBIT A

© Copyright 2012 Docstoc Inc.               4

To top