Basic Info

  • Applicable Region UAE
  • Available Languages
    English & Arabic
  • Document No 0000300
  • Version V 1.0
  • Last Updated 07-06-2023
  • Reviews 0
Document Summary

A Debt Assignment Agreement is a document by which a party's debt is transferred or assigned to another party. The debtor is the party that transfers its debt to an assignee, while the creditor is the party that the debtor owes money. By signing this Debt Assignment, the assignee assumes the liability of the debt assigned to them on the same terms previously agreed upon between the lender and the borrower. For example, the assignee becomes liable to repay the debt sum, and the debtor is released from liability, except the debtor is jointly liable.


This is a simple and short document.After completing the document, the user should print the document and all the copies of the document should be signed by all the parties.If either of the parties is a company, an authorized signatory should sign the document.After signing the document, the parties should keep at least one signed copy of the document for their record.


This letter is intended for use in the United Arab Emirates.

Before Execution

- The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.

- Please delete this front page together with the information contained in the headers, footers and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.

- Please remove the square brackets and all highlighting prior to signature.