The Confirmatory Deed Of Assignment is utilized in the United Arab Emirates when parties need to formally document and confirm a pre-existing assignment of rights, property, or obligations. This document is particularly relevant in situations where the original assignment may have been informal, inadequately documented, or where additional certainty is required for legal or commercial purposes. The deed must comply with UAE Civil Code requirements and may need to be notarized or registered with relevant authorities depending on the nature of the assigned rights. It serves as conclusive evidence of the assignment and typically includes comprehensive details about the original transaction, the parties involved, and any specific conditions or requirements that were part of the assignment. This document is especially important in the UAE's legal framework, where formal documentation plays a crucial role in establishing and protecting legal rights.
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1. Parties: Identification of the Assignor, Assignee, and any other relevant parties to the deed
2. Background: Recitals explaining the context of the original assignment and the need for this confirmatory deed
3. Definitions: Definitions of key terms used throughout the deed
4. Confirmation of Assignment: Clear statement confirming the previous assignment and its effective date
5. Details of Original Assignment: Specific details of what was assigned under the original assignment
6. Representations and Warranties: Confirmations regarding the validity of the original assignment and authority to enter into this deed
7. Further Assurance: Obligation to execute further documents if needed to perfect the assignment
8. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes
9. Execution: Formal execution block meeting UAE legal requirements
1. Consideration: Required if there is any new consideration for the confirmatory deed
2. Third Party Consent: Include if any third party consents were required for the original assignment
3. Registration Requirements: Include if the assigned rights/property require registration with authorities
4. Tax Provisions: Include if there are tax implications that need to be addressed
5. Costs: Include if there are specific provisions about who bears the costs of the confirmatory deed
6. Notices: Include if ongoing notices may be required between the parties
1. Schedule 1 - The Original Assignment: Copy or details of the original assignment being confirmed
2. Schedule 2 - The Assigned Rights/Property: Detailed description of the rights, property or obligations that were assigned
3. Schedule 3 - Relevant Correspondence: Any relevant correspondence or documents evidencing the original assignment
4. Schedule 4 - Required Consents: Copies of any third party or regulatory consents obtained
5. Schedule 5 - Registration Details: Details of any registrations made or required in relation to the assignment
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