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The Tripartite Assignment Agreement is a crucial legal instrument used in Pakistani business and commercial transactions when one party wishes to transfer its contractual rights and obligations to another party, while maintaining the involvement and securing the consent of the original counterparty. This document type is particularly relevant in scenarios involving loan assignments, project contracts, lease transfers, or service agreement reassignments. The agreement must comply with Pakistani legislation, including the Contract Act 1872, Transfer of Property Act 1882, and relevant stamp duty laws. It typically includes detailed provisions about the rights being assigned, warranties from the assignor, acknowledgment from the original counterparty, and the specific obligations of each party post-assignment. The document provides legal certainty and protection for all three parties involved in the transaction.

1. Parties: Identifies and defines the three parties: Assignor (original rights holder), Assignee (party receiving the rights), and Obligor (original counterparty)

2. Background: Recitals explaining the original contract, the reason for assignment, and the parties' intentions

3. Definitions: Defines key terms used throughout the agreement, including 'Original Contract', 'Assigned Rights', 'Effective Date'

4. Assignment: Core provision detailing what rights and obligations are being assigned from Assignor to Assignee

5. Consent and Acknowledgment: Obligor's formal consent to the assignment and acknowledgment of the Assignee's rights

6. Effective Date: Specifies when the assignment becomes effective

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

8. Assignor's Warranties: Warranties regarding ownership of rights, authority to assign, no encumbrances

9. Future Assurance: Obligation to execute further documents or take actions needed to effect the assignment

10. Costs and Stamp Duty: Allocation of costs including stamp duty and registration fees

11. Governing Law and Jurisdiction: Specifies Pakistani law as governing law and jurisdiction for disputes

12. Notices: Process and addresses for formal notices between parties

13. Execution: Signature blocks for all three parties