Assignment Of Benefit Of Hire Purchase Agreement Legal Draft Template

THIS

DEED of assignment made at ..................... on this ............ day of .......................,

2000, between A son of ........................ resident of

........................... ....... (hereinafter called the Assignor) of the

ONE PART and B son of .................................. resident of

..................................... (hereinafter called the Assignee) of the

OTHER PART.WHEREAS

the owner by the hire-purchase agreement dated .................. has let the

goods to the hirer, whose name together with other particulars of the said

agreement are set out in the First Schedule hereto on the terms and conditions

set out in the said agreement, being in the form set out in the Second Schedule

hereto.AND

WHEREAS the owner has agreed to transfer all his rights under the said

hire-purchase agreement, to the assignee for a sum of Rs.

........................NOW

THIS DEED WITNESSETH AS FOLLOWS:1.

In consideration

of the sum of Rs ........................ paid by the Assignee to the Assignor

(the receipt whereof the Assignor hereby acknowledges), the Assignor as

beneficial owner hereby assigns to the assignee ALL THOSE the agreement,

particulars of which are set out in the First Schedule hereto and the rights,

interest and advantages thereof together with all moneys now payable or

hereafter to become payable there under and all rights and remedies for

enforcing the said agreement have and except the right or power conferred upon

the Assignor to enter upon any premises of the hirer and retake or seize any of

the goods comprised therein.IN

WITNESS the parties have hereunto set and subscribed their respective hands on

the date and year above mentioned.The

First Schedule above referred to(Particular

of hire-purchase agreement, goods hired to the hirer etc.)The

Second Schedule above referred to(Specimen

form of agreement)Signed

and delivered by the within named AssignorSigned

and delivered by the within named AssigneeWITNESSES;1.2.