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Contract Assignment Letter

Contract Assignment Letter Template for United Arab Emirates

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Key Requirements PROMPT example:

Contract Assignment Letter

"I need a Contract Assignment Letter to transfer our IT maintenance service agreement from our Dubai subsidiary to our Abu Dhabi headquarters, effective March 1, 2025, ensuring compliance with UAE law and maintaining all existing service levels and payment terms."

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Document background
The Contract Assignment Letter is a crucial legal instrument in the United Arab Emirates business environment, used when one party needs to transfer its contractual rights and obligations to another party. This document is commonly utilized in various scenarios such as corporate restructuring, business acquisitions, project transfers, or when changing service providers. The letter must comply with UAE Federal Law No. 5 of 1985 (Civil Code) and other relevant commercial legislation, ensuring all necessary elements for a valid assignment are included. The document typically contains detailed information about the original contract, parties involved, specific rights and obligations being transferred, and any conditions attached to the assignment. It's particularly important in the UAE context where formal documentation and proper legal procedures are essential for business transactions.
Suggested Sections

1. Letter Header: Date, recipient details, and formal letter reference number

2. Subject Line: Clear indication that this is a Contract Assignment Notice/Letter

3. Original Contract Reference: Details of the original contract being assigned, including date, parties, and contract reference number

4. Assignment Declaration: Clear statement of the assignment, identifying the assignor and assignee

5. Effective Date: Specific date when the assignment takes effect

6. Rights and Obligations: Summary of the rights and obligations being transferred

7. Consideration: Details of any payment or consideration for the assignment, if applicable

8. Confirmation of Acceptance: Space for all parties to acknowledge and accept the assignment

9. Signature Block: Signature spaces for all relevant parties with their full legal names and titles

Optional Sections

1. Governing Law Clause: Optional explicit reference to UAE law governance - recommended for international parties

2. Conditions Precedent: Include if there are specific conditions that must be met before the assignment becomes effective

3. Third Party Consents: Required if the original contract requires consent from other parties for assignment

4. Warranties: Optional section stating assignor's warranties regarding the assigned contract

5. Notice Details: Include if ongoing notices need to be sent to multiple parties post-assignment

Suggested Schedules

1. Original Contract: Copy of the contract being assigned (attached as reference)

2. Required Authorizations: Copies of any required third-party consents or corporate authorizations

3. Payment Schedule: If applicable, details of any payment arrangements related to the assignment

4. Power of Attorney: If required, authorization documents proving signatory authority

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions

















Clauses
















Relevant Industries

Banking and Financial Services

Real Estate and Construction

Oil and Gas

Technology and Telecommunications

Healthcare

Retail and Consumer Goods

Manufacturing

Professional Services

Hospitality and Tourism

Transportation and Logistics

Energy and Utilities

Education

Relevant Teams

Legal

Compliance

Corporate Secretarial

Operations

Finance

Procurement

Risk Management

Commercial

Business Development

Project Management

Relevant Roles

Legal Counsel

Contract Manager

Chief Legal Officer

Business Development Manager

Project Manager

Corporate Secretary

Compliance Officer

Operations Director

Chief Executive Officer

Chief Financial Officer

Commercial Director

Risk Manager

Procurement Manager

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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