Deed of Reassignment and Retransfer
I. Introduction
This Deed of Reassignment and Retransfer (hereinafter referred to as the "Deed") is entered into on [Date], by and between:
Grantor:
Grantee:
II. Background
1. Purpose: The Grantor is the current owner of [Your Company Name] (hereinafter referred to as the "Property") and wishes to transfer ownership or rights of the Property to the Grantee.
2. Consideration: In consideration of the sum of 100,000 USD, the Grantor agrees to transfer the Property to the Grantee as outlined in this Deed.
III. Transfer Details
1. Description of Property:
The Property subject to this Deed is described as follows:
Type: Residential Property
Description: A single-family home with three bedrooms and two bathrooms, situated on a 0.25-acre lot.
2. Transfer of Ownership/Rights:
The Grantor hereby transfers all ownership rights, title, and interest in the Property to the Grantee, effective from the date of execution of this Deed.
IV. Representations and Warranties
1. Grantor's Representations:
The Grantor represents and warrants that:
The Grantor has full legal right, power, and authority to transfer the Property.
The Property is free and clear of any liens, encumbrances, or claims.
The Grantor has not transferred or assigned the Property to any other party.
2. Grantee's Acknowledgment:
The Grantee acknowledges and agrees to accept the Property in its current condition and assumes all risks associated with the Property from the effective date of transfer.
V. Governing Law
This Deed shall be governed by and interpreted by the laws of [Jurisdiction], disregarding any principles of conflicts of law.
VI. Execution
This Deed may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute the same instrument.
IN WITNESS WHEREOF, the parties hereto have executed this Deed as of the date first above written.
[Your Name]
Date:
[Grantee's Name]
Date:
_____________________________________________________________________________________
State of [State]
Country of [Country]
On this [Date] day of [Month], [Year] before me, a Notary Public in and for said County and State, personally appeared [Your Name], known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that they executed the same.
[Notary Public]
Date:
My commission expires:
_____________________________________________________________________________________
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