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Deed of Assignment
Deed of Assignment
This deed, made and entered into this ___ day of __________, 20__ at the City of Cavite,
by and between:
_________, Filipino Citizen, of legal age, widowed, with residence and postal
address ___________ hereinafter referred to as the "ASSIGNOR."
-and-
___________, Filipino Citizen, of legal age, single, with residence and postal
address at ________________, hereinafter referred to as the "ASSIGNEE."
WITNESSETH that -
WHEREAS the ASSIGNOR is the current stall holder in Bacoor Market with location
address _______, in the Grocery Section of Bacoor Public Market Zapote IV, Bacoor City,
Cavite;
WHEREAS, the ASSIGNOR has offered to assign all her rights, title and interest over the
above stall in the market, as referred in this contract and the ASSIGNEE hereby accepts the
assignment in accordance with the terms herein set forth as follows:
2. The ASSIGNEE will not hold the ASSIGNOR liable for the revocation of the
license on any grounds that may arise after execution of this contract and cannot
demand the return of the payment made to the ASSIGNOR, provided that that
ASSIGNOR has ensured that all necessary payment or dues of the stall has been
duly paid before turn-over to the ASSIGNEE;
NOW, THEREFORE, for and in consideration of the foregoing premises and the sum
of TWO HUNDRED THOUSAND TWENTY THOUSAND PESOS (220,000.00),
PHILIPPINE CURRENCY, which the ASSIGNOR hereby acknowledged to have received
from the ASSIGNEE, the ASSIGNOR hereby assigns, transfers and conveys unto the
ASSIGNEE, all her rights, title and interest to the aforementioned stall and the ASSIGNEE by
these presents hereby accepts the assignment and agrees to be bound by the terms and conditions
of this contract and the rules and regulations, and restrictions pertaining to the use of the stall.
IN WITNESS WHEREOF, the parties have hereunto set their hands on the date and
place first above written.
__________________________ ___________________________
ACKNOWLEDGEMENT
BEFORE ME, a notary for and in the City of ____________ personally appeared:
known to me and to me known to be the same persons who executed the foregoing Deed of
Assignment and transfer of Rights and acknowledged to me that the same is their free and
voluntary act and deed.
WITNESS MY HAND AND SEAL, on the date and place first above written.
Notary Public
Doc. No.______;
Page No. ______;
Book No.______;
Series of 20____.