Business Rights Assignment Agreement
Translated by
ScribdTranslationsBusiness Rights Assignment Agreement
Translated by
ScribdTranslationsCESSION OF RIGHTS TO A BUSINESS
Between Mr. -------------------, hereinafter referred to as the
assigning party, and Mr. ____________________, who are referred to as the
as ASSIGNOR, it has been agreed to enter into the following contract:
FIRST: The Assignor to the Assignee and through the means of
transfer of the rights of the Business Fund and the useful assets owned
of the company _________________, from this address referred to as
business goodwill "_____________________", in
_______________, accepting the assigning party that must respond to
cover all obligations of the lease contract that by
said establishment exists between the parties Assignor and the Company
_______, tenant and landlord, respectively, which
the contract is now taken as a transfer.
SECOND: The price of this assignment is the sum _________________
bolivars (Bs____________9, of which the transferring party has received
for you _____________ bolívares (Bs _______9, in cash at your full and
total satisfaction, and the remainder that will be paid as follows
, monthly and successive installments, from the same
date on which this instrument is signed, at the rate of
_______________ bolivars (Bs__________9, each, and represented each
one of those installments in the same number of turns or bills of exchange.
THIRD: The assigning party undertakes the commitment to cover and pay
all obligations, is obligated to bear the direct consequences
and the implications of their contractual commitments.
FOURTH. IT IS AGREED THAT THE FAILURE TO PAY TWO (2)
CONSECUTIVE INSTALLMENTS, OF THOSE STIPULATED IN THE CLAUSE
SECOND OF THIS CONTRACT, WILL LEAD TO THE RESCISSION OF
PRESENT AGREEMENT, THE ASSIGNING PARTY MUST BE LOADED WITH
ALL EXPENSES BOTH EXTRA JUDICIAL AND JUDICIAL
EMERGING FROM ITS NON-COMPLIANCE.
FAITH: The assignor may not assign or transfer, under any circumstances
form of granting third parties the rights received here, without
the existence of written consent from the party
cedent. If such a circumstance occurs, the Cedent party may, according to its
personal criteria, to file a claim before the competent authorities the
resolution of this contract.
SIXTH. The transferring party as a direct consequence of this
the convention may exercise all the rights and attributes inherent to the
Tenant of the commercial establishment indicated in the Clause
First of this instrument but formally assuming the
commitment to act as a good family father and take care of
special attention to the assets that you are going to exploit commercially as
consequence of this contract.
SEVENTH: It is perfectly understood between the parties that, in the
the price specified in the second clause of this agreement is
involved in the sale made by the assigning party to the Assignee
of some furniture belonging exclusively to them, and which is
located inside the premises where the commercial establishment operates,
declaring the ceding parties that they receive them in perfect condition and to their
complete and total satisfaction.
EIGHTH. The transferring party in order to comply with the provisions
legal regulations that govern the subject, and particularly with those contained
Organic Law of Labor formally commits to pay and
compensate the employees and workers under their authority,
up to this date, on which the present contract is signed, subject to
at the time of service of the same, in order to relieve from such burden
monetary to the transferring party
JUAN BARRERA.