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The Security Assignment Agreement is a crucial document in Malaysian commercial practice, commonly used in financing transactions where parties need to create security interests over receivables, contract rights, or other assignable assets. This agreement type is particularly relevant when companies seek to secure their obligations under facility agreements or other financial arrangements. The document must comply with Malaysian legal requirements, including registration with the Companies Commission of Malaysia where applicable, and proper stamping under the Stamp Act 1949. It typically contains detailed provisions regarding the assigned rights, enforcement mechanisms, and the parties' respective obligations, making it a fundamental tool in secured lending transactions within the Malaysian jurisdiction.

1. Parties: Identifies the assignor, assignee (security taker), and any other relevant parties

2. Background: Explains the context of the security assignment and the underlying transaction

3. Definitions and Interpretation: Defines key terms and sets out interpretation principles

4. Assignment: Core provisions detailing the assignment of rights and creation of security interest

5. Secured Obligations: Defines the obligations being secured by the assignment

6. Representations and Warranties: Assignor's representations regarding ownership, authority, and status of assigned rights

7. Covenants: Ongoing obligations of the assignor regarding the assigned rights

8. Enforcement: Rights and remedies of the assignee upon default

9. Powers of Attorney: Appointment of assignee as attorney to perfect or enforce the security

10. Further Assurance: Obligations to execute further documents and perfect the security

11. Payments and Proceeds: Treatment of payments and proceeds from assigned rights

12. Notices: Provisions for giving notices under the agreement

13. General Provisions: Standard boilerplate clauses including governing law, jurisdiction, etc.