Philippines Assignment Agreement

This agreement is used when one party (the assignor) agrees to assign a contract, or the rights in a contract, or another income/object to a second party (the assignee). In exchange for the assignment, the assignee may give the assignor money or personal property, or forgive a debt or obligation.


Simply answer the questions below to personalize your Assignment Agreement

Governing Jurisdiction:

 

Assignor Details:

The Assignor is the one who is giving something in exchange for compensation.
 

Assignor Information:

First Assignor's Information:

Second Assignor's Information:

 

Assignee Details:

The Assignee is the one who is providing compensation in exchange for something belonging to the Assignor.
 

Assignee Information:

First Assignee's Information:

Second Assignee's Information:

 

Nature of Assignment:

A description could be something like: the Service Agreement to perform landscaping work, executed May 1, 2024.

Contract is With:

When describing the contract rights, complete the sentence: I am assigning my contractual right(s) to ______.

Contract is With:

E.g. my net salary from Bob and Co. for a 10-week period.
e.g. Patent #1029387 - Method for manufacturing a better mouse trap
Example: three crates of apples, a vintage 1924 baseball card, etc.
Example: a vintage lamp from 1898
 

Consideration:

E.g. a personal loan
Example: visit Bob's aging mother once a week
Example: three crates of apples, a vintage 1924 baseball card, etc.
Example: three crates of apples, a vintage 1924 baseball card, etc.
A description could be something like: the Service Agreement to perform landscaping work, executed on May 1, 2024.
When describing the contract rights, complete the sentence: I am assigning my contractual right(s) to ______.

Contract is with:

Contract is With:

 

Warranties:

Warranties:

 
 

Signatures Required:

To ensure the validity of this document, we recommend the presence of a notary public and at least one witness.
 

Date of Signing: