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The Deed of Assignment is a legal document between the assigner and assignee regarding the sale of a shop and its business, including all associated rights and goodwill. The assigner intends to permanently relocate and has agreed to sell the shop free from any encumbrances for a specified price. The document outlines the responsibilities of both parties, including the assigner's liability for any debts up to the date of the agreement.

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ANTONY GEORGE GONSALVES
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3 views

file1 (2)

The Deed of Assignment is a legal document between the assigner and assignee regarding the sale of a shop and its business, including all associated rights and goodwill. The assigner intends to permanently relocate and has agreed to sell the shop free from any encumbrances for a specified price. The document outlines the responsibilities of both parties, including the assigner's liability for any debts up to the date of the agreement.

Uploaded by

ANTONY GEORGE GONSALVES
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Deed of Assignment

THIS INDENTURE made and entered into at ………………….. this ………. day of …..,
20……, in the christion year …………… between …………………………… hereinafter called
the assigner (which expression shall unless repugnant to the context or meaning thereof be deem
to include his heirs, executors, administrators and assigns) of the one part And ……………
………….. Hindu inhabitant of ……………………… hereinafter called the assignee (which
exp.) of the other part.

WHEREAS the assigns owns and is absolutely seized and possessed of or otherwise well and
sufficiently entitled to a shop situated at …………………………………. (hereinafter referred to
as the „said shop‟) being used for carrying on the business in the name and style of
“………………” since ………….., ………… .

AND WHEREAS the assigner intend to leave …………………………. for good and settle
down permanently in his native place viz. …………………………… in the District of
……………

AND WHERAS the assigner having decided to settle down at his aforesaid native place has
agreed to sell and the assignee has agree to purchase the said shop as a going concern free from
encumbrances, claims and liabilities of any types and all other right and benefit connected
therewith together with the stock-in-trade, furniture, articles and things together with the name
and goodwill in respect thereof for the price of Rs .……… (Rs. ……… only) and along with
benefit of the tenancy rights of the said shop.

AND WHERAS at the mutual understanding of the parties the assigner has agreed to execute
these presents to effectually carryout the agreement hereinabove setout .

NOW THIS INDENTURE WITNESSTH that in pursuance of the said agreement the assigner
doth hereby convey, grant and assign unto the assignee all the said business of the assigner as a
going concern with all the beneficial interest and name and goodwill of the assigner together
with the right in any licences either municipal, police or Government and permits, if any relating
to the said business carried on in the name and style of “……………………..” situated at
above address and all other rights and benefit connected therewith, which the assigner hereby
confirms and the assigner in consideration of the receipt of the aforesaid payment of the Rs
….………… (Rupees ………………… only ) the assigner doth hereby assign and transfer unto
the assignee all his right, title and interest in the tenancy of the said shop premises TO HAVE
AND TO HOLD the same unto the use of the assignee forever absolutely free from all
encumbrances and the assigner doth hereby covenant notwithstanding any act deed matters or
things by the assigner made done committed or executed or knowingly suffered to the contrary,
he the assigner now has in himself full right good power and absolute authority to assign or
transfer the said premises hereby assigned and to be expressed so and that the assignee shall from
time and at all times hereafter peacefully and quietly possess and enjoy the said premises and
every part thereof for his own use and benefit without interruption claim or demand of
whatsoever natures AND FURTHER that the assigner shall alone be liable and responsible for
any debts and liabilities claims and demands including INCOME TAX and sales Tax
assessments and arrears of rent if any upto the date of presence which are due and payable by the
assigner.

AND FURTHER the assigner assures that he has not entered into any agreement in respect of the
said shop whereby the assignment of the tenancy of the said premises might have been restricted
or prohibited.

IN WITNESS WHEREOF the parties hereto have hereunto set and subscribe their respective
hands to this writing on the day and year first hereinabove written.

SCHEDULE ABOVE REFERRED TO

All that going and running concern of shop in the name and style of .…………….……..
(adjacent to “.………………..” ) situated at ……………………….

SIGNED AND DELIVERED by


the within named assigner …………..
……………………………….. in the presence of

1.

2.

SIGNED AND DELIVERED BY the


Within named assigner………………….
………………………………… in the presence of

1.

2.

Received of and from the )


Withinnamed assignee the sum of )
Rs. ……………………(Rs…………….. )
only ) being the full )
consideration hereinabove mentioned )
by him to me. )

Rs..
……………….

I say received.
WITNESS

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