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The Deed of Assignment of Beneficial Interest is a crucial document in Nigerian property and investment transactions where parties wish to transfer beneficial ownership without disturbing the legal title. This document is commonly used in trust arrangements, investment structures, and property developments where beneficial ownership needs to be separated from legal ownership. It must comply with Nigerian property law, including the Land Use Act 1978, and requires careful drafting to ensure enforceability. The deed typically includes details of the property, the nature of the beneficial interest being transferred, warranties about ownership and encumbrances, and completion arrangements. It's particularly relevant in scenarios involving property investment trusts, family arrangements, or corporate restructuring where beneficial ownership needs to be transferred while maintaining existing legal title structures.

1. Parties: Identification of the Assignor (current beneficial interest holder) and Assignee (recipient of the beneficial interest), including full legal names and addresses

2. Background: Recitals explaining the current ownership structure, how the beneficial interest arose, and the intention to assign

3. Definitions: Definitions of key terms including 'Property', 'Beneficial Interest', 'Legal Title Holder', and other relevant terms

4. Interpretation: Rules for interpreting the deed including references to clauses, singular/plural, and statutory references

5. Assignment: The operative clause transferring the beneficial interest from Assignor to Assignee

6. Consideration: Details of the payment or other consideration for the assignment

7. Assignor's Warranties: Warranties regarding ownership, right to assign, and absence of encumbrances on the beneficial interest

8. Completion: Details of when and how the assignment will complete

9. Further Assurance: Obligation to execute further documents and take additional steps if necessary

10. Notices: Process for serving notices under the deed

11. Execution: Formal execution blocks meeting requirements for a deed under Nigerian law