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Assignment (Sale) of an executive right
Amount: 220,000 SAR
Final judgment + open execution file
For serious buyers only, and the assignment amount is negotiable.
Contract format /
Assignment of Right Contract (Judicial Execution)
On the day of …… / …… / 14… AH corresponding to …… / …… / 202… AD
It has been agreed between:
First: The First Party (Assignor)
Name: ……………………………………
ID Number: ……………………………………
Address: ……………………………………..
Hereinafter referred to as the "Assignor".
Second: The Second Party (Assignee)
Name: ……………………………………
ID Number: ……………………………………
Address: ……………………………………..
Hereinafter referred to as the "Assignee".
Preamble
Whereas the Assignor owns a fixed financial right based on a final and enforceable judicial judgment, with an execution file opened with the Execution Court, and has wished to assign this right in its entirety to the Assignee, it has been agreed as follows:
Article One: Subject of Assignment
The Assignor hereby assigns to the Assignee the full financial right owed by the executed party, amounting to (220,000) Two Hundred and Twenty Thousand Saudi Riyals only, as established by judicial judgment No. (………..) issued by the court of (………..) dated ../../… AH, registered under execution request No. (………..) at the execution department in (………..).
This assignment includes the full right and its phụ lục and guarantees, including the right to follow up on the execution file, request seizure and forced execution, collect amounts, and manage the execution payment number associated with the file.
Article Two: Effectiveness of Assignment
This assignment becomes effective with respect to the executed party and third parties from the date of their notification or acceptance, and the Assignee shall replace the Assignor in all rights related to the assigned right.
Article Three: Delivery of Documents
The Assignor undertakes to deliver to the Assignee a certified copy of the judicial judgment, the execution request number, and any other documents related to the file immediately upon signing this contract, and undertakes to cooperate in submitting any necessary requests to the Execution Court to update the status of the execution applicant.
Article Four: Non-liability of the Assignor for Costs
Both parties acknowledge that the Assignor is not responsible for any costs, expenses, fees, or charges arising after the date of this assignment, whether related to following up on the execution file, seizure, sale, disputes, or any other procedures.
The Assignee shall bear all such costs and expenses alone, and shall not have the right to recourse against the Assignor for any amount or claim in respect thereof.
Article Five: Non-liability of the Assignor for Errors and Violations
The Assignee acknowledges that the Assignor is not responsible for any errors, violations, shortcomings, or procedures, prior or subsequent, related to the execution file, the judgment, or the executed party. The Assignee shall bear full responsibility for following up on the file and its procedures after the date of this assignment, without any recourse against the Assignor.
Article Six: Declarations
The Assignor declares that the assigned right is existing, valid, and not disputed by him, and that he has not previously assigned it or transferred it to another person, and that it is free from any pledge, seizure, or restriction preventing its assignment.
Article Seven: General Provisions
1. The provisions of the Civil Transactions Law and the Execution Law in the Kingdom of Saudi Arabia shall apply to this contract.
2. The preamble is an integral part of this contract.
3. This contract has been drawn up in two original copies, with each party holding one copy to act upon.
May God grant success,
Signature of the First Party (Assignor)
Name: ……………………………………
Signature: ……………………………………
Date: ……………………………………
Signature of the Second Party (Assignee)
Name: ……………………………………
Signature: ……………………………………
Date: