Deed Of Gift Of Book Debts Legal Draft Template

This Deed of gift is

made at ...................... on this ........... day of .......... 2000,

between A son of Shri ............ resident of ............. (hereinafter

called "the Assignor") of the One Part and B son of Shri ............

resident of .................... (hereinafter called 'the Donee') of the Other

Part.This Deed Witnesseth

As Follows:Whereas in

consideration of his natural love and affection for the donee, the assignor

hereby assigns unto the donee all the book debts now due and owing to the

assignor in the business of ........... carried on by him at

............ under the name and style of M/s

........... which debts are more particularly specified in the

second column of the Schedule hereto and are owing by several persons, whose

names are in the first column of such Schedule set opposite to such respective

sums with power to demand, claim and sue for and give receipts for the said

debts in the name of the assignor or otherwise to hold the same unto the donee

absolutely.And Whereas the value

of the debts gifted is Rs. ..........In Witness Whereof,

the parties aforementioned have hereunto set their hands on the day and year

first above written.The Schedule above

referred to(Particulars of book

debts)Signature of the

AssignorWITNESSES;1.2.