Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Assignment definition

What does Assignment mean? In legal practice, an assignment is the transfer of an existing right (for example a debt, contractual right, receivable or intellectual property) from the assignor to the assignee. It may arise by agreement or by operation of law (such as insolvency or succession). The concept is descriptive and applied across contexts; in England and Wales it is framed by case law and statute. In England and Wales, a legal assignment of a debt or other legal chose in action requires compliance with section 136 Law of Property Act 1925 (typically: in writing, absolute and of the whole, with notice to the...

Precedent deed of assignment of contractual rights by way of security (syndicated facilities; assignor-specific monies), with notice and accession schedules – England and Wales

Published by a LexisNexis Banking & Finance expert

Precedents

This Deed is entered into on [ insert day and month ] 20 [ insert year ]

Parties

[ insert name of Assignor ], a company incorporated in England and Wales with registered number [ insert company number ], whose registered office is at [ insert address ] (the Assignor); and
[ insert name of SECURITY AGENT ], acting as security agent and trustee for the Finance Parties pursuant to the terms and conditions set out in the [ [ Facilities Agreement ] OR [ Intercreditor Agreement ] OR [ Security Trust Deed ] ] (the Security Agent).

Recitals:

(A) The Finance Parties have agreed to provide the loan facilities subject to the terms and conditions contained in the Facilities Agreement (as defined below).
(B) As a condition precedent to the availability of those facilities, the Assignor must enter into this Deed to grant security in favour of the Security Agent in respect of the Secured Obligations (as defined below).

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Web page updated on 22/05/2026

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