General Assignment

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					This is an agreement that voluntarily transfers the property of a debtor to a third party
(the "Assignee") for the settlement of past due obligations. Typically, this assignment is
used in lieu of bankruptcy proceedings whereby the insolvent debtor transfers legal and
equitable title, as well as custody and control of its property, to the Assignee, which is
usually a trustee appointed in bankruptcy proceedings. This document should be used
by trustees, creditors, or insolvent debtors to assign property in lieu of bankruptcy
proceedings.
                                   GENERAL ASSIGNMENT

THIS GENERAL ASSIGNMENT (hereinafter “Assignment”) is entered into by and between
_______________________________ [Instruction: Insert the name of assignor], having
address at _______________________________ [Instruction: Insert the address of assignor]
(hereinafter "Assignor") and _______________________________ [Instruction: Insert the
name of assignee], having address at _______________________________ [Instruction:
Insert the address of assignee] (hereinafter "Assignee") on this ____ [Month] ____ [Date],
20____.

FOR     GOOD AND           VALUABLE CONSIDERATION RECEIVED, Assignor hereby
unconditionally and irrevocably assigns, grants, and transfers all rights, title, interest, and
obligation in, to and under the following to Assignee:

______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________

The Assignor hereby warrants and represents that the Assignor possesses full right and authority
to enter into this Assignment and to transfer the aforementioned rights, title, interest and
obligations.

The Assignor warrants and represents that the aforementioned rights, title, interest and benefits
are free from all liens, encumbrances, or adverse claims.

The Assignment shall be binding upon and inure to the benefit of the Assignor and Assignee, and
to their successors, assigns, and personal representatives.

Signed this ____ [Month] ____ [Date], 20____.




© Copyright 2012 Docstoc Inc.                                                        2
______________________________         ____________________________
      Assignor’s Signature                  Assignee’s Signature

_______________________________        ____________________________
      Assignor’s Printed Name              Assignee’s Printed Name




_______________________________          ____________________________
        Witness 1’s Signature                Witness 2’s Signature



_______________________________          ____________________________
    WITNESS 1’S PRINTED NAME      ________WITNESS 2’S PRINTED NAME




© Copyright 2012 Docstoc Inc.                                3

				
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Description: This is an agreement that voluntarily transfers the property of a debtor to a third party (the "Assignee") for the settlement of past due obligations. Typically, this assignment is used in lieu of bankruptcy proceedings whereby the insolvent debtor transfers legal and equitable title, as well as custody and control of its property, to the Assignee, which is usually a trustee appointed in bankruptcy proceedings. This document should be used by trustees, creditors, or insolvent debtors to assign property in lieu of bankruptcy proceedings.