Assignment of Simple Contract Debts

This Assignment made on the .................... day of...................., 20....

Between
AB of etc. (hereinafter called “the Vendor”) of the One Part
And
CD of etc. (hereinafter called the “the Purchaser”) of the Other Part.
Whereas:
(1) The several persons, firms and companies described in the first column of
the Schedule hereto are indebted to the Vendor in respect of the matters
mentioned in the second column thereof in the several sums set opposite their
respective names in the third column thereof.
(2) The Vendor has agreed with the Purchaser for the absolute sale to him of
the said debts for the sum of Rs. ....................
Now This Deed Witnesseth as follows:
1. In pursuance of the said Agreement and in consideration of the sum of
Rs. …… paid by the Purchaser to the Vendor (receipt of which sum the
Vendor hereby acknowledges) the Vendor as beneficial owner hereby
assigns unto the Purchaser all the several debts and sums of money
specified in the Third column of the Schedule hereto due and owing to the
Vendor from the several persons, firms and companies mentioned in the
First Column thereof in respect of the matters mentioned in the second
column thereof To Hold the same Unto the Purchaser absolutely.
2. The Vendor hereby covenants with the Purchaser that the several debt and
sums of money hereby assigned are still due and owing in full to the Vendor
from the several persons, firms and companies aforesaid.
In Witness, etc.
The Schedule Above Referred To: