[{"data":1,"prerenderedAt":535},["ShallowReactive",2],{"document-assignment-of-lien-D941":3},{"document":4,"label":23,"preview":11,"thumb":24,"thumb600":25,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":26,"breadcrumb":30,"related":36,"customDescModule":185,"customdescription":6,"mdFm":186,"mdProseHtml":534},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":15,"keywords":22},"ASSIGNMENT OF LIEN This Assignment of Lien (the \"Assignment\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Assignor\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [ASSIGNEE NAME] (the \"Assignee\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] RECITALS",null,"Assignment of Lien","1",28,"doc","https://templates.business-in-a-box.com/imgs/1000px/assignment-of-lien-D941.png","https://templates.business-in-a-box.com/imgs/250px/941.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#941.xml",{"title":6,"description":6},[16,19],{"label":17,"url":18},"Legal Agreements","/templates/business-legal-agreements/",{"label":20,"url":21},"Transfer & Assignment Agreements","/templates/transfer-assignment-agreement/","assignment lien","Assignment of Lien Template","https://templates.business-in-a-box.com/imgs/400px/941.png","https://templates.business-in-a-box.com/imgs/600px/941.png",[27,16,19],{"label":28,"url":29},"Templates","/templates/",[31,32,33],{"label":28,"url":29},{"label":17,"url":18},{"label":34,"url":35},"Guaranties & Collateral","/templates/guaranties-and-collateral/",[37,41,45,49,53,57,61,65,69,73,77,81,85,102,123,138,156,171],{"label":38,"url":39,"thumb":40,"extension":10},"Affidavit of No Lien","/template/affidavit-of-no-lien-D842","https://templates.business-in-a-box.com/imgs/250px/842.png",{"label":42,"url":43,"thumb":44,"extension":10},"Mechanic Lien","/template/mechanic-lien-D12658","https://templates.business-in-a-box.com/imgs/250px/12658.png",{"label":46,"url":47,"thumb":48,"extension":10},"Release Of Lien","/template/release-of-lien-D12665","https://templates.business-in-a-box.com/imgs/250px/12665.png",{"label":50,"url":51,"thumb":52,"extension":10},"Subcontractor Release Of Lien","/template/subcontractor-release-of-lien-D12608","https://templates.business-in-a-box.com/imgs/250px/12608.png",{"label":54,"url":55,"thumb":56,"extension":10},"Assignment","/template/assignment-D942","https://templates.business-in-a-box.com/imgs/250px/942.png",{"label":58,"url":59,"thumb":60,"extension":10},"Georgia Lien Waiver Form","/template/georgia-lien-waiver-form-D13982","https://templates.business-in-a-box.com/imgs/250px/13982.png",{"label":62,"url":63,"thumb":64,"extension":10},"Notice of Claim of Mechanics Lien","/template/notice-of-claim-of-mechanics-lien-D1211","https://templates.business-in-a-box.com/imgs/250px/1211.png",{"label":66,"url":67,"thumb":68,"extension":10},"Assignment Agreement","/template/assignment-agreement-D12542","https://templates.business-in-a-box.com/imgs/250px/12542.png",{"label":70,"url":71,"thumb":72,"extension":10},"Assignment for Deed","/template/assignment-for-deed-D974","https://templates.business-in-a-box.com/imgs/250px/974.png",{"label":74,"url":75,"thumb":76,"extension":10},"Assignment of Copyright","/template/assignment-of-copyright-D755","https://templates.business-in-a-box.com/imgs/250px/755.png",{"label":78,"url":79,"thumb":80,"extension":10},"Assignment of Contract","/template/assignment-of-contract-D939","https://templates.business-in-a-box.com/imgs/250px/939.png",{"label":82,"url":83,"thumb":84,"extension":10},"Assignment of Assets","/template/assignment-of-assets-D938","https://templates.business-in-a-box.com/imgs/250px/938.png",{"description":86,"descriptionCustom":6,"label":87,"pages":8,"size":88,"extension":10,"preview":89,"thumb":90,"svgFrame":91,"seoMetadata":92,"parents":93,"keywords":100,"url":101},"COMPANY NAME:_______________________ Address: _______________________________________ City: ______________________________ State/Province: ___________ Zip/postal code__________ Country: ________________ Phone: _________________ Fax: __________________ Email: _________________________________________ Purchase Order The following number must appear on all related correspondence, shipping papers, and invoices: P.O. NUMBER: Contact: Address: _______________________________________ City: ______________________________ State/Province: ___________ Zip/postal code___________ Country: ________________ Phone: _________________ Fax: __________________ Email: _________________________________________ Ship To:","Purchase Order",49,"https://templates.business-in-a-box.com/imgs/1000px/purchase-order-D1411.png","https://templates.business-in-a-box.com/imgs/250px/1411.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1411.xml",{"title":6,"description":6},[94,97],{"label":95,"url":96},"Sales & Marketing","sales-marketing",{"label":98,"url":99},"Bids & Quotes","bids-quotes","purchase order","/template/purchase-order-D1411",{"description":103,"descriptionCustom":6,"label":104,"pages":105,"size":106,"extension":10,"preview":107,"thumb":108,"svgFrame":109,"seoMetadata":110,"parents":111,"keywords":121,"url":122},"PROMISSORY NOTE This Promissory Note (the \"Note\") is made and effective the [DATE], BETWEEN: [LENDER NAME] (the \"Lender\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Borrower\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] TERMS FOR VALUE RECEIVED, the Borrower promises to pay to the order of Lender, at its principal office located at [ADDRESS], or at such other place that is designated in writing by the holder hereof, the principal sum of [AMOUNT], together with all charges and interest herein provided, payable at the rate and in the manner hereinafter set forth: Borrower shall make monthly payments of principal and interest at the rate of [%] per annum based upon an amortization of [NUMBER] months. Monthly payments shall be due on or before the first day of each month with the first payment being due on or before [DATE]. If not sooner paid, all amounts due under this Note, including principal, interest and other charges shall be due and payable in full on or before the first day of [MONTH], [YEAR] (the \"Maturity Date\"). Time is of the essence of the payment obligations hereunder and each monthly payment shall be due and payable on or before the first day of each month. This Note is and will be secured by a certain first priority security interest in all of the tangible and intangible property of the Borrower, to be recorded in all applicable governmental offices. The parties shall execute a separate security agreement, in form and substance acceptable to the Lender in all respects. Borrower agrees to execute any such security agreements presented by the Lender or other documents required by the Lender in order to perfect its security interest in the above described property. Said Security Agreement and any other instruments and documents executed in connection with or given as security for this Note shall hereinafter be referred to collectively as the \"Loan Documents.\" All of the terms, covenants, Conditions, representations and warranties contained in the Loan Documents are hereby made part of this Note to the same extent and with the same force and effect as if fully set forth herein. If all or any portion of any payment due hereunder is not received by the Lender within [NUMBER] calendar days after the date when such payment is due, Borrower shall pay a late charge equal to [%] of such payment, such late charge to be immediately due and payable without demand by Lender. Borrower shall have the right to prepay all (but not a portion) of the indebtedness evidenced by this Note at any time, by paying the Lender an amount equal to the sum of (I) the principal balance then outstanding, (ii) all interest accrued to the date of such prepayment, (iii) all interest calculated through the Maturity Date, and (iv) any late charge or charges then due and owing. If any payment under this Note is not paid in full by the [DAY] of any month during the term hereof or if the entire amount due as represented by this Note is not paid in full on or before the Maturity Date, or should default be made in the performance or observation of any of the terms, covenants, or conditions contained in the Loan Documents, or if any representation or warranty contained in the Loan Documents is breached or is or becomes untrue, this Note shall be in default, and the entire principal amount outstanding hereunder, accrued interest thereon, all late charges, if any, and any and all other charges due hereunder, shall, at Lender's option, immediately become due and payable, without further notice, the giving of such notice being expressly waived by the Borrower","Promissory Note","3",39,"https://templates.business-in-a-box.com/imgs/1000px/promissory-note-D434.png","https://templates.business-in-a-box.com/imgs/250px/434.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#434.xml",{"title":6,"description":6},[112,115,118],{"label":113,"url":114},"Finance & Accounting","finance-accounting",{"label":116,"url":117},"Business Loans","business-loan",{"label":119,"url":120},"Promissory Notes","promisory-note","promissory note","/template/promissory-note-D434",{"description":124,"descriptionCustom":6,"label":125,"pages":126,"size":127,"extension":10,"preview":128,"thumb":129,"svgFrame":130,"seoMetadata":131,"parents":132,"keywords":136,"url":137},"SECURITY AGREEMENT This Security Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [SECURED PARTY NAME] (the \" Secured Party\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Debtor\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] For value received, the undersigned Debtor, promises to pay to the order of [name], together with any other holder of this note (\"Secured Party\"), [amount], with interest at the rate of [%] per annum. Payment shall be made in successive equal monthly installments of [amount]. Each such Installment is payable on the [day] of each month, commencing on [date]. Recitals WHEREAS, the Secured Party has extended to the Debtor a certain loan as evidenced by a certain promissory note, in the original principal amount equal to [amount] dated on even date herewith (the \"Note\"); and WHEREAS, the Debtor wishes to grant a first priority security interest in and to all of the Debtor's tangible and intangible personal property pursuant to the terms hereof; NOW, THEREFORE, for and in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and intending to be legally bound hereby, the parties hereto covenant and agree as follows: DEFINITIONS The following terms shall have the meanings herein specified unless the context otherwise requires. Such definitions shall be equally applicable to the singular and plural forms of the terms defined: \"Contracts\" shall mean all contracts between the Debtor and one or more additional parties. \"Contract Rights\" shall mean all rights of the Debtor (including, without limitation, all rights to payment) under each Contract. \"Copyrights\" shall mean any [country] copyright to which the Debtor now or hereafter has title, as well as any application for a [country] copyright hereafter made by the Debtor. \"Equipment\" shall mean any \"equipment,\" as such term is defined in the [law or code] as in effect on the date hereof in the State of [state/province], now or hereafter owned by Debtor and, in any event, shall include, but shall not be limited to, all machinery, equipment, furnishings, fixtures and vehicles now or hereafter owned by the Debtor and any and all additions, substitutions and replacements of, any of the foregoing, wherever located, together with all attachments, components, parts, equipment and accessories installed thereon or affixed thereto. \"General Intangibles\" shall have the meaning assigned that term under the [LAW OR CODE] as in effect on the date hereof in the State of [state/province]. \"Goods\" shall have the meaning assigned that term under the [LAW OR CODE] as in effect on the date hereof in the State of [state/province]. \"Inventory\" shall mean all raw materials, workinprocess, and finished inventory of the Debtor of every type or description and all documents of title covering such inventory, and shall specifically include all \"inventory\" as such term is defined in the [law or code] as in effect on the date hereof in the State of [state/province], now or hereafter owned by the Debtor. \"Marks\" shall mean any trademarks and service marks now held or hereafter acquired by the Debtor, which are registered in the [country] Patent and Trademark Office, as well as any unregistered marks used by the Debtor in the [COUNTRY] and trade dress, including logos and/or designs, in connection with which any of these registered or unregistered marks are used. \"Obligations\" shall mean: (i) all indebtedness, obligations and liabilities (including, without limitation, guarantees and other contingent liabilities) of the Debtor to the Secured Party, including but not limited to the Note; (ii) any and all sums advanced by the Secured Party in order to preserve the Collateral or preserve its security interest in the Collateral; and (iii) in the event of any proceeding for the collection or enforcement of any indebtedness, obligations or liabilities of the Debtor referred to in clause (i), after an Event of Default shall have occurred and be continuing, the reasonable expenses of retaking, holding, preparing for sale or lease, selling or otherwise disposing or realizing on the Collateral, or of any exercise by the Collateral Agent of its rights hereunder, together with reasonable attorneys' fees and court costs. \"Patents\" shall mean any [country] patent to which the Debtor now or hereafter has title, as well as any application for a [country] patent now or hereafter made by Debtor. \"Proceeds\" shall have the meaning assigned that term under the [law or code] as in effect in the State of [state/province] on the date hereof or under other relevant law and, in any event, shall include, but not be limited to, (i) any and all proceeds of any insurance, indemnity, warranty or guaranty payable to the Secured Party or the Debtor from time to time with respect to any of the Collateral, (ii) any and all payments (in any form whatsoever) made or due and payable to the Debtor from time to time in connection with any requisition, confiscation, condemnation, seizure or forfeiture of all or any part of the Collateral by any governmental authority and (iii) any and all other amounts from time to time paid or payable under or in connection with any of the Collateral. \"Receivables\" shall mean any \"account\" as such term is defined in the [law or code] as in effect on the date hereof in the State of [STATE/PROVINCE], now or hereafter owned by Debtor and, in any event, shall include, but shall not be limited to, all of the Debtor's rights to payment for goods sold or leased or services performed by the Debtor, whether now in existence or arising from time to time hereafter, including, without limitation, rights evidenced by an account, note, contract, security agreement, or other evidence of indebtedness or security, together with (i) all security pledged, assigned, hypothecated or granted to or held by the Debtor to secure the foregoing; (ii) all of the Debtor's right, title and interest in and to any goods, the sale of which gave rise thereto; (iii) all guarantees, endorsements and indemnifications on, or of, any of the foregoing; (iv) all powers of attorney for the execution of any evidence of indebtedness or security or other writing in connection therewith; (v) all books, records, ledger cards and invoices relating thereto; (vi) all evidences of the filing of financing statements and other statements and the registration of other instruments in connection therewith and amendments thereto, notices to other creditors or secured parties, and certificates from filing or other registration officers; (vii) all credit information, reports and memoranda relating thereto and (viii) all other writings related in any way to the foregoing. GRANT OF SECURITY INTEREST The Debtor does hereby grant to the Secured Party a continuing security interest of first priority in all of the right, title and interest of the Debtor in, to and under all of the following property whether now existing or hereafter created or arising: ","Security Agreement","10",96,"https://templates.business-in-a-box.com/imgs/1000px/security-agreement-D915.png","https://templates.business-in-a-box.com/imgs/250px/915.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#915.xml",{"title":6,"description":6},[133,135],{"label":17,"url":134},"business-legal-agreements",{"label":17,"url":134},"security agreement","/template/security-agreement-D915",{"description":139,"descriptionCustom":6,"label":140,"pages":141,"size":142,"extension":10,"preview":143,"thumb":144,"svgFrame":145,"seoMetadata":146,"parents":148,"keywords":147,"url":155},"SECURED LUMP-SUM PROMISSORY NOTE AGREEMENT This Secured Lump-Sum Promissory Note Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [FIRST PARTY NAME], (the \"Issuer\") a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE] with its head office located at/Individual having an address at: [YOUR COMPLETE ADDRESS] AND: [SECOND PARTY NAME], (the \"Holder\") company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE] with its head office located at/Individual having an address at: [YOUR COMPLETE ADDRESS] FOR VALUE RECEIVED, the undersigned Issuer hereby promises to pay to the order of the Holder, the maximum Principal Amount of [PRINCIPAL AMOUNT] together with interest on the unpaid Principal Amount (as defined in this Agreement) outstanding from time to time at the rate (or rates) hereafter specified, and all other sums which may be owing to the Holder by the Issuer hereunder. The terms of the Note are as follows: MATURITY DATE AND PAYMENT TERMS This Note will mature, and be due and payable in full, on [DATE] (the \"Maturity Date\") and shall be paid in the lump sum amount of [LUMP SUM AMOUNT TO BE PAID]. INTEREST From and after the date hereof, all outstanding principal of this Note will bear simple interest at the rate of [PERCENT OF INTEREST] per annum. On the date that is [NUMBER OF DAYS] days after the date of this Note, the Issuer shall pay the then accrued interest on this Note. Upon the occurrence and during the continuance of any Event of Default (as hereinafter defined) under this Note, all outstanding principal of this Note shall bear interest at the rate of [PERCENT OF INTEREST] per annum. All outstanding principal and accrued but unpaid interest on this Note shall be payable on the Maturity Date. SECURITY This Note is Secured by a Security Agreement on the Issuer's Property, described as [PROPERTY DESCRIPTION], hereinafter known as the \"Security,\" which shall transfer to the possession and ownership of the Holder immediately in case of Acceleration. The Security may not be sold or transferred without the Holder's consent until the Maturity Date. If the Issuer breaches this provision, the Holder may declare all sums due under this Note immediately due and payable, unless prohibited by applicable law. The Holder shall have the sole option to accept the Security as full payment for the Principal Amount without further liabilities or obligations. If the market value of the Security does not exceed the Principal Amount, the Issuer shall remain liable for the balance due while accruing interest at the maximum rate allowed by law. PREPAYMENT The Issuer may prepay this Note prior to the Maturity Date, without premium or penalty, upon written notice to the Holder. EVENTS OF DEFAULT The occurrence of any one or more of the following events shall constitute an \"Event of Default\" under this Note: the failure of the Issuer to pay any sum due under this Note when due, whether by demand or otherwise, and such sum remains unpaid for five (5) days after the Due Date; and any other Event of Default described in the Security Agreement that might be signed between the Parties regarding the Property that is pledged as collateral to the loan. RIGHTS AND REMEDIES UPON DEFAULT ","Secured Lumpsum Promissory Note Agreement","4",513,"https://templates.business-in-a-box.com/imgs/1000px/secured-lumpsum-promissory-note-agreement-D13041.png","https://templates.business-in-a-box.com/imgs/250px/13041.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13041.xml",{"title":147,"description":6},"secured lumpsum promissory note agreement",[149,152],{"label":150,"url":151},"Business Plan Kit","business-plan-kit",{"label":153,"url":154},"Business Procedures","business-procedures","/template/secured-lumpsum-promissory-note-agreement-D13041",{"description":157,"descriptionCustom":6,"label":158,"pages":8,"size":159,"extension":10,"preview":160,"thumb":161,"svgFrame":162,"seoMetadata":163,"parents":164,"keywords":169,"url":170},"BILL OF SALE This Bill of Sale (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Seller\") , a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [BUYER NAME] (the \"Buyer\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] For good and valuable consideration, the Seller hereby sells and transfers possession of the following goods in their present condition and location to the Buyer, and its successors and assigns forever, the following described goods [DETAILED LIST OF GOODS]. Seller warrants and represents that he/she has good title to said property, full authority to sell and transfer same and that said goods and chattels are being sold free and clear of all liens, encumbrances, liabilities and adverse claims, of every nature and description.","Bill of Sale",29,"https://templates.business-in-a-box.com/imgs/1000px/bill-of-sale-D1229.png","https://templates.business-in-a-box.com/imgs/250px/1229.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1229.xml",{"title":6,"description":6},[165,166],{"label":95,"url":96},{"label":167,"url":168},"Marketing & Sales Contracts","marketing-sales-contracts","bill sale","/template/bill-of-sale-D1229",{"description":172,"descriptionCustom":6,"label":173,"pages":141,"size":142,"extension":10,"preview":174,"thumb":175,"svgFrame":176,"seoMetadata":177,"parents":179,"keywords":178,"url":184},"INDEMNIFICATION AGREEMENT This Indemnification Agreement (\"Agreement\") is effective as of [DATE], BETWEEN: [NAME OF THE INDEMNIFYING PARTY] (the \"Indemnifier\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE] with its head office located at: [YOUR COMPLETE ADDRESS] AND: [NAME OF THE INDEMNITEE] (the \"Indemnitee \"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, the Indemnitee seeks protection against any personal liability, claim, suit, action, loss, or damage that may result from the Indemnitee's participation in the Activity. WHEREAS, the Indemnifier seeks to minimize any hardship the Indemnitee might suffer as the result of any personal liability, claim, suit, action, loss, or damage that may result from the Indemnitee's participation in the Activity. NOW THEREFORE in consideration and as a condition of the Indemnifier and the Indemnitee entering into this Agreement and other valuable considerations, the receipt and sufficiency of which consideration is acknowledged, the Parties agree as follows: INDEMNIFIED ACTIVITY The Indemnitee seeks to be protected from the following indemnified activity (hereinafter referred to as the \"Activity\"): [SPECIFY ACTIVITY] INDEMNITY The Indemnifier agrees to indemnify and hold harmless the Indemnitee, its respective affiliates, officers, agents, employees, and permitted successors and assigns against any and all claims, losses, damages, liabilities, penalties, punitive damages, expenses, reasonable legal fees and costs of any kind or amount whatsoever, which result from the Activity. EXCEPTIONS TO INDEMNIFICATION The Indemnifier shall not be obligated to indemnify the Indemnitee for any fines, expenses, judgments, settlements, and other obligations incurred as the result of the Indemnitee's participation in the Activity: In the case of a criminal proceeding; or In the case of a civil claim where the Indemnitee did not act in good faith and/or in a reasonable manner; or If the Indemnitee will or has received payment under a valid and collectible insurance policy or under a valid and enforcement indemnity clause, bylaw or agreement, except where payment under the insurance policy, clause, bylaw or agreement is not sufficient to fully indemnify the Indemnitee, in which case the Indemnifier will be responsible for any shortfall in the payment received; or If an action or proceeding was initiated in whole in or in part by the Indemnitee, whether alone or along with one or more other claimants, unless the action or proceeding has the written consent of the Indemnifier. NOTICE OF CLAIM In the event of any claim or action, the Indemnitee must promptly provide the Indemnifier with written notice of the claim or action and will notify the Indemnifier of any legal proceedings relating to the claim or action within [NUMBER OF DAYS] of the Indemnitee's receipt of notice of such proceedings. The Indemnitee must provide the Indemnifier with all known information available to the Indemnitee relating to the claim or action. COOPERATION ​ The Indemnitee agrees to wholly cooperate with the Indemnifier in the defence of any claim or action against it that the Indemnitee seeks to be indemnified for, including but not limited to, providing the Indemnifier with all available information related to the claim or action, responding to reasonable requests from the Indemnifier for information, documentation, and the like","Indemnification Agreement","https://templates.business-in-a-box.com/imgs/1000px/sample-doc-for-test-D13016.png","https://templates.business-in-a-box.com/imgs/250px/13016.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13016.xml",{"title":178,"description":6},"indemnification agreement",[180,181],{"label":17,"url":134},{"label":182,"url":183},"Release Agreements","release-agreement","/template/indemnification-agreement-D13016",false,{"seo":187,"reviewer":200,"legal_disclaimer":204,"quick_facts":205,"at_a_glance":207,"personas":211,"variants":236,"glossary":262,"clauses":299,"how_to_fill":349,"common_mistakes":390,"faqs":415,"industries":443,"comparisons":460,"diy_vs_lawyer":476,"jurisdictions":489,"related_template_ids_curated":510,"schema":522,"classification":523},{"meta_title":188,"meta_description":189,"primary_keyword":190,"secondary_keywords":191},"Assignment of Lien Template (Free Word)","Free assignment of lien template to formally transfer lien rights to a third party. Covers lien details, consideration, warranties, and governing law. Free Word and PDF download.","assignment of lien template",[192,193,194,195,196,197,198,199],"lien assignment agreement","assignment of lien form","transfer of lien rights","assignment of lien word template","mechanic's lien assignment","lien transfer document","assignment of lien free download","construction lien assignment",{"name":201,"credential":202,"reviewed_date":203},"Bruno Goulet","CEO, Business in a Box","2026-05-02",true,{"difficulty":206,"legal_review_recommended":204,"signature_required":204,"notarization_required":185},"advanced",{"what_it_is":208,"when_you_need_it":209,"whats_inside":210},"An Assignment of Lien is a legally binding document by which a lienholder (the assignor) transfers their lien rights against a debtor's property to a third party (the assignee). This template is a free Word download you can edit online and export as PDF, covering all essential elements including lien identification, consideration, warranties of title, and governing law.\n","Use it when a lienholder wants to sell, transfer, or otherwise convey their lien interest to another party — common in construction, real estate, and debt-collection contexts where lien rights have monetary value that can be monetized or restructured.\n","Parties and recitals identifying the assignor and assignee, a precise description of the original lien, the consideration paid for the transfer, warranties and representations by the assignor, assumption of rights and obligations by the assignee, and the governing law and execution block.\n",[212,216,220,224,228,232],{"title":213,"use_case":214,"icon_asset_id":215},"Contractors and subcontractors","Selling mechanic's lien rights to a factoring company to recover cash faster","persona-contractor",{"title":217,"use_case":218,"icon_asset_id":219},"Real estate investors","Acquiring existing lien positions on distressed properties as part of a deal","persona-real-estate-investor",{"title":221,"use_case":222,"icon_asset_id":223},"Debt buyers and collection firms","Purchasing portfolios of lien rights from original creditors at a discount","persona-debt-buyer",{"title":225,"use_case":226,"icon_asset_id":227},"Construction lenders","Assigning lien interests to investors or syndicates as part of loan restructuring","persona-construction-lender",{"title":229,"use_case":230,"icon_asset_id":231},"Property managers","Transferring assessment or HOA lien rights to a third-party enforcement entity","persona-property-manager",{"title":233,"use_case":234,"icon_asset_id":235},"Small business owners","Assigning a supplier or judgment lien to satisfy a business debt obligation","persona-small-business-owner",[237,241,245,248,252,255,259],{"situation":238,"recommended_template":239,"slug":240},"Transferring a mechanic's or materialman's lien from a subcontractor","Assignment of Mechanic's Lien","notice-of-claim-of-mechanics-lien-D1211",{"situation":242,"recommended_template":243,"slug":244},"Assigning a tax lien certificate purchased at a county auction","Assignment of Tax Lien Certificate","assignment-of-lien-D941",{"situation":246,"recommended_template":247,"slug":244},"Transferring a judgment lien to a collection agency","Assignment of Judgment",{"situation":249,"recommended_template":250,"slug":251},"Releasing rather than transferring lien rights upon payment","Lien Release / Waiver","release-of-lien-D12665",{"situation":253,"recommended_template":254,"slug":244},"Partially transferring lien rights while retaining a share","Partial Assignment of Lien",{"situation":256,"recommended_template":257,"slug":258},"Assigning a mortgage lien as part of a loan sale","Assignment of Mortgage","assignment-of-mortgage-D1156",{"situation":260,"recommended_template":261,"slug":244},"Granting a security interest in lien proceeds without full transfer","Collateral Assignment of Lien",[263,266,269,272,275,278,281,284,287,290,293,296],{"term":264,"definition":265},"Lien","A legal claim or security interest against a debtor's property, giving the lienholder the right to force sale or retain proceeds until a debt is satisfied.",{"term":267,"definition":268},"Assignor","The original lienholder who transfers their lien rights to another party under the assignment agreement.",{"term":270,"definition":271},"Assignee","The party who receives the lien rights from the assignor and steps into the assignor's legal position against the debtor's property.",{"term":273,"definition":274},"Mechanic's Lien","A statutory lien available to contractors, subcontractors, and suppliers who have provided labor or materials to improve real property and have not been paid.",{"term":276,"definition":277},"Consideration","The payment or value exchanged by the assignee to the assignor in return for the transfer of lien rights — a required element for the assignment to be enforceable.",{"term":279,"definition":280},"Perfected Lien","A lien that has been properly filed or recorded in the applicable public registry, giving it priority and enforceability against third parties.",{"term":282,"definition":283},"Priority","The rank of a lien relative to other claims against the same property, determining who gets paid first upon sale or foreclosure.",{"term":285,"definition":286},"Subordination","A voluntary agreement by a lienholder to accept a lower priority position relative to another lien on the same property.",{"term":288,"definition":289},"Foreclosure","The legal process by which a lienholder forces the sale of a debtor's property to satisfy an unpaid debt secured by the lien.",{"term":291,"definition":292},"Warranty of Title","A representation by the assignor that they legally own and have the right to transfer the lien, and that the lien is free of undisclosed encumbrances.",{"term":294,"definition":295},"Estoppel Certificate","A signed statement by the debtor confirming the outstanding balance and status of a lien, used to prevent the debtor from later claiming a different amount.",{"term":297,"definition":298},"Statute of Limitations","The deadline by which a lien must be enforced or foreclosed before it expires — typically 1 to 6 years depending on lien type and jurisdiction.",[300,305,310,314,319,324,329,334,339,344],{"name":301,"plain_english":302,"sample_language":303,"common_mistake":304},"Parties and recitals","Identifies the assignor (original lienholder) and the assignee (recipient of lien rights) by full legal name and address, and states the background context for the assignment.","This Assignment of Lien ('Agreement') is entered into as of [DATE] by and between [ASSIGNOR LEGAL NAME], a [STATE] [ENTITY TYPE] with its principal place of business at [ADDRESS] ('Assignor'), and [ASSIGNEE LEGAL NAME], a [STATE] [ENTITY TYPE] with its principal place of business at [ADDRESS] ('Assignee').","Using trade names rather than full registered legal entity names — if the assignor's entity name doesn't match the original lien filing, recording offices and courts may reject the assignment or challenge its validity.",{"name":306,"plain_english":307,"sample_language":308,"common_mistake":309},"Description of the original lien","Precisely identifies the lien being transferred, including type of lien, recording information, the property or asset it encumbers, and the original debt it secures.","Assignor hereby assigns to Assignee all right, title, and interest in and to that certain [TYPE] Lien recorded on [DATE] in [COUNTY/JURISDICTION] at Book [X], Page [X] (Instrument No. [X]), against the real property located at [PROPERTY ADDRESS], legally described as [LEGAL DESCRIPTION], securing a debt of $[ORIGINAL AMOUNT] owed by [DEBTOR NAME].","Omitting the recording book, page, and instrument number — without these, the assignment cannot be matched to the original lien in public records, leaving the assignee's interest unperfected.",{"name":276,"plain_english":311,"sample_language":312,"common_mistake":313},"States the purchase price or other value the assignee pays to the assignor in exchange for the lien transfer, confirming mutual exchange of value.","In consideration of the sum of $[AMOUNT] (the 'Purchase Price'), paid by Assignee to Assignor, the receipt and sufficiency of which are hereby acknowledged, Assignor does hereby assign, transfer, and convey to Assignee all lien rights described herein.","Using a nominal consideration of '$1 and other good and valuable consideration' without documenting the actual amount — this can create tax and accounting ambiguity and may be challenged in insolvency proceedings as a below-market transfer.",{"name":315,"plain_english":316,"sample_language":317,"common_mistake":318},"Assignor's warranties and representations","The assignor confirms they are the lawful owner of the lien, the lien is valid and perfected, the outstanding balance is accurately stated, and the lien has not been previously transferred or encumbered.","Assignor represents and warrants that: (a) Assignor is the sole owner of the Lien and has full authority to assign it; (b) the Lien is valid, subsisting, and duly perfected; (c) the outstanding balance secured by the Lien is $[AMOUNT] as of [DATE]; and (d) Assignor has not previously assigned, pledged, or encumbered the Lien.","Omitting a warranty on the outstanding balance — if the actual debt differs from what is represented, the assignee may overpay and have limited recourse against a dissolved or insolvent assignor.",{"name":320,"plain_english":321,"sample_language":322,"common_mistake":323},"Assignment of rights and assumption of obligations","Transfers all of the assignor's rights, powers, and remedies under the lien to the assignee, while clarifying which obligations (if any) the assignee assumes.","Assignee hereby accepts the assignment of all rights, remedies, and powers of enforcement associated with the Lien, including the right to foreclose, release, or otherwise enforce the Lien. Assignee assumes [all / no] obligations of Assignor arising after the effective date of this Assignment.","Failing to specify whether the assignee assumes pre-assignment liabilities — leaving this ambiguous exposes the assignee to claims for costs or obligations the assignor incurred before the transfer.",{"name":325,"plain_english":326,"sample_language":327,"common_mistake":328},"Notice to debtor","Requires the assignor or assignee to provide written notice of the transfer to the debtor, directing future payments to the assignee and preventing the debtor from validly paying the wrong party.","Assignor shall deliver written notice of this Assignment to [DEBTOR NAME] within [X] business days of execution, substantially in the form attached hereto as Exhibit A. Following such notice, [DEBTOR NAME] is directed to make all payments and correspondence related to the Lien solely to Assignee at [ADDRESS].","Skipping or delaying notice to the debtor — in most jurisdictions, a debtor who pays the assignor after a proper assignment has been made may still have a valid discharge of debt, leaving the assignee unpaid.",{"name":330,"plain_english":331,"sample_language":332,"common_mistake":333},"Recording and perfection of assignment","Obliges the assignee to record the assignment in the applicable public registry to perfect their interest and establish priority over subsequent claimants.","Assignee shall, at its sole cost and expense, record this Assignment in the [COUNTY / JURISDICTION] land records or applicable registry within [X] days of execution. Assignor agrees to cooperate and execute any additional documents reasonably required to complete such recording.","Assuming recordation is optional — an unrecorded assignment may be defeated by a subsequent bona fide purchaser or encumbrancer who has no notice of the transfer.",{"name":335,"plain_english":336,"sample_language":337,"common_mistake":338},"Indemnification","Allocates risk between the parties: the assignor typically indemnifies the assignee for claims arising from the pre-assignment period; the assignee indemnifies for post-assignment conduct.","Assignor shall indemnify, defend, and hold harmless Assignee from any claims, losses, or liabilities arising out of Assignor's ownership or management of the Lien prior to the Assignment Date. Assignee shall indemnify Assignor from any claims arising out of Assignee's actions after the Assignment Date.","Using a one-sided indemnity that only protects the assignee — courts in several jurisdictions will imply a reciprocal indemnity obligation regardless, and a clearly drafted mutual clause avoids uncertainty.",{"name":340,"plain_english":341,"sample_language":342,"common_mistake":343},"Governing law and dispute resolution","Specifies which state or country's laws govern the assignment and how disputes will be resolved — arbitration, mediation, or litigation in a named court.","This Agreement shall be governed by the laws of the State of [STATE], without regard to conflicts-of-law principles. Any dispute arising under this Agreement shall be resolved by [binding arbitration / litigation] in [CITY, STATE], and each party submits to the exclusive jurisdiction of the courts of [COUNTY], [STATE].","Choosing a governing law that differs from the jurisdiction where the underlying property is located — real property lien rights are governed by the law of the situs (where the property sits), so a conflicting governing-law clause can create unenforceable expectations.",{"name":345,"plain_english":346,"sample_language":347,"common_mistake":348},"Execution block and notarization","Provides signature lines for both parties with date, title, and — where required for recording — acknowledgment before a notary public.","IN WITNESS WHEREOF, the parties have executed this Assignment of Lien as of the date first written above.\n\nASSIGNOR: [ASSIGNOR LEGAL NAME]\nBy: ___________________________\nName: [NAME]\nTitle: [TITLE]\nDate: [DATE]\n\nASSIGNEE: [ASSIGNEE LEGAL NAME]\nBy: ___________________________\nName: [NAME]\nTitle: [TITLE]\nDate: [DATE]","Failing to notarize when the assignment is to be recorded in land records — most county recording offices require notarized acknowledgment for any document affecting real property interests, and an unacknowledged instrument will be rejected at the counter.",[350,355,360,365,370,375,380,385],{"step":351,"title":352,"description":353,"tip":354},1,"Identify both parties with full legal entity names","Enter the assignor's and assignee's complete registered legal names, entity types, states of organization, and mailing addresses. Cross-reference the assignor's name against the original lien filing to ensure they match exactly.","Even a minor name variation — 'Inc.' vs. 'Incorporated' — can cause a recording office to reject the assignment or trigger a title dispute.",{"step":356,"title":357,"description":358,"tip":359},2,"Pull and transcribe the original lien recording details","Obtain a certified copy of the original lien from the county recorder or applicable registry. Transcribe the recording date, book, page, instrument number, property legal description, and original debt amount precisely.","Order a title search on the property before completing this section to confirm no intervening transfers or encumbrances have been filed since the original lien was recorded.",{"step":361,"title":362,"description":363,"tip":364},3,"State the consideration accurately","Enter the actual purchase price the assignee is paying — not a nominal amount. If the lien is being transferred as part of a larger transaction, state the allocated value for the lien specifically.","Document consideration at fair market value when the assignor is a company — below-market transfers to related parties can be unwound as fraudulent conveyances if the assignor later enters insolvency.",{"step":366,"title":367,"description":368,"tip":369},4,"Complete the warranties and confirm the outstanding balance","Verify the current outstanding balance on the lien with the debtor's payment history and any prior releases or partial satisfactions. Enter the confirmed balance in the warranties clause.","Request an estoppel certificate from the debtor before signing — it locks in the acknowledged balance and prevents the debtor from later claiming a lower amount.",{"step":371,"title":372,"description":373,"tip":374},5,"Specify which obligations the assignee assumes","Decide whether the assignee takes on any pre-assignment obligations — such as filing obligations, notice requirements, or pending enforcement actions — and state this explicitly in the assumption clause.","For mechanic's liens, confirm whether any enforcement deadlines (suit-filing deadlines) are approaching and build time into the assignment timeline to avoid expiry.",{"step":376,"title":377,"description":378,"tip":379},6,"Draft and send the debtor notice","Prepare a written notice to the debtor identifying the assignee and directing future payments to the assignee's account. Send it via certified mail with return receipt and retain proof of delivery.","Send debtor notice the same day as execution — delay creates a window in which the debtor could validly pay the assignor and extinguish the lien.",{"step":381,"title":382,"description":383,"tip":384},7,"Have both parties sign before a notary","Execute the assignment with authorized signatories for both entities. Where the assignment affects real property and will be recorded, both signatures must be acknowledged before a notary public.","Use a notary in the state where the property is located if at all possible — some recording offices require in-state notarization or apostilles for out-of-state acknowledgments.",{"step":386,"title":387,"description":388,"tip":389},8,"Record the assignment in the applicable registry","Submit the executed and notarized assignment to the county recorder or appropriate registry within the time frame stated in the agreement. Retain the recorded, stamped copy as your evidence of perfection.","Track the recording deadline in your contract management system — an unrecorded assignment can be defeated by a subsequent lien or purchaser with no actual notice of your interest.",[391,395,399,403,407,411],{"mistake":392,"why_it_matters":393,"fix":394},"Failing to record the assignment","An unrecorded assignment is valid between the parties but invisible to the world. A subsequent buyer or encumbrancer who has no notice of the transfer can legally take priority over an unrecorded assignee's interest.","Record the assignment in the applicable county or jurisdiction registry as soon as possible after execution — never more than the deadline stated in the agreement.",{"mistake":396,"why_it_matters":397,"fix":398},"Mismatching entity names with the original lien filing","If the assignor's name in the assignment does not match the name on the original lien filing, the chain of title is broken and title companies will flag the defect, potentially blocking future sales or refinancing of the property.","Pull a certified copy of the original lien before drafting and transcribe the recorded name character-for-character, including punctuation and entity designator.",{"mistake":400,"why_it_matters":401,"fix":402},"Skipping debtor notice after execution","In most jurisdictions, a debtor who pays the original lienholder after the lien has been assigned — but before receiving notice — obtains a valid discharge. The assignee loses the payment and may have limited recourse against an insolvent assignor.","Deliver written notice to the debtor on the same day the assignment is executed, by certified mail, and retain the delivery confirmation.",{"mistake":404,"why_it_matters":405,"fix":406},"Choosing a governing law that conflicts with the property's situs","Lien rights in real property are fundamentally governed by the law of the state or country where the property is located. A governing-law clause selecting a different state does not override the situs rule and creates conflicts that complicate enforcement.","Set the governing law to match the jurisdiction where the property or secured asset is located unless advised otherwise by counsel familiar with cross-border lien enforcement.",{"mistake":408,"why_it_matters":409,"fix":410},"Omitting warranties on lien validity and outstanding balance","Without express warranties, the assignee takes the lien 'as is' — including any defects in perfection, prior partial satisfactions, or challenges to the lien's validity. Discovering these problems post-closing leaves the assignee with a devalued or worthless asset.","Include specific representations that the lien is valid, perfected, unencumbered, and that the stated balance is accurate as of a confirmed date — backed by an indemnity for breach.",{"mistake":412,"why_it_matters":413,"fix":414},"Ignoring approaching enforcement deadlines","Mechanic's liens and other statutory liens expire if not enforced within the applicable statute-of-limitations period — often 1 to 2 years from the lien filing date. A lien assigned shortly before expiry gives the assignee no practical time to act.","Before executing the assignment, verify the lien's filing date and the applicable enforcement deadline. Build adequate lead time into the closing timeline or have counsel file a protective suit before assignment.",[416,419,422,425,428,431,434,437,440],{"question":417,"answer":418},"What is an assignment of lien?","An assignment of lien is a legal document that transfers a lienholder's rights against a debtor's property to a third party. The assignor gives up their claim; the assignee steps into the assignor's legal shoes and can enforce, release, or otherwise deal with the lien as if they were the original lienholder. It is commonly used in construction, real estate, and commercial debt transactions.\n",{"question":420,"answer":421},"Why would someone assign a lien instead of enforcing it?","Lienholders assign liens to convert a contingent future recovery into immediate cash. A contractor owed $80,000 under a mechanic's lien may sell that lien to a debt buyer for $60,000 today rather than waiting 12–24 months for foreclosure proceedings to conclude. Lenders also assign lien interests as part of loan sales, securitizations, or portfolio restructurings where the originating lender no longer wants to hold the position.\n",{"question":423,"answer":424},"Does an assignment of lien need to be recorded?","For liens on real property, recording is essential. An unrecorded assignment is valid between the assignor and assignee but can be defeated by a subsequent purchaser or encumbrancer who has no notice of the transfer. Most county recording offices require notarized acknowledgment before accepting the document. For personal property liens governed by the UCC, an amendment to the original financing statement is typically required to reflect the new secured party.\n",{"question":426,"answer":427},"What is the difference between an assignment of lien and a lien release?","An assignment of lien transfers the lien rights to a new party — the debt remains outstanding, just owed to someone else. A lien release extinguishes the lien entirely, confirming the debt has been satisfied. These documents have opposite effects: an assignment preserves the claim in new hands; a release removes it from the public record entirely.\n",{"question":429,"answer":430},"Can a mechanic's lien be assigned?","In most US states, mechanic's and materialman's liens are assignable because they are a form of chose in action — a transferable legal right. However, some states impose statutory restrictions or require specific language for the assignment to be effective. A handful of jurisdictions treat mechanic's lien rights as personal to the original claimant and prohibit or limit assignment. Always verify the applicable state statute before executing an assignment of a mechanic's lien.\n",{"question":432,"answer":433},"Who is responsible for notifying the debtor of the assignment?","The agreement should specify which party bears this obligation — typically the assignor, since they have an existing relationship with the debtor. Regardless of who sends it, the notice must clearly identify the assignee, provide the assignee's payment address, and direct the debtor to cease all payments to the assignor effective immediately. The notifying party should send the notice by certified mail and retain proof of delivery.\n",{"question":435,"answer":436},"What happens to the lien if the assignee fails to record the assignment?","The assignment remains valid between the parties but creates a gap in the public record. A subsequent bona fide purchaser of the property or a junior lienholder who records their interest without actual knowledge of the unrecorded assignment may take priority over the assignee in most jurisdictions. The assignee's failure to record is a curable defect, but only if corrected before a competing interest arises.\n",{"question":438,"answer":439},"Does the debtor's consent matter for a lien assignment?","In the vast majority of cases, the debtor's consent is not required for a lien assignment. A lien is a unilateral claim against property, and the assignor can transfer it without the debtor's approval. However, the debtor must be notified so they know who to pay and deal with going forward. Some specific contractual arrangements or statutory lien types may restrict assignment without consent — review the original lien instrument and applicable statute before proceeding.\n",{"question":441,"answer":442},"How does an assignment of lien affect lien priority?","The assignee inherits the same priority position the assignor held — no more, no less. Priority is determined by the original recording date of the lien, not the assignment date. If the original lien had first-priority status, the assignee holds first priority. If it was subordinate to a mortgage, the assignee's position is equally subordinate. The assignment itself does not improve or worsen the lien's rank relative to other encumbrances on the same property.\n",[444,448,452,456],{"industry":445,"icon_asset_id":446,"specifics":447},"Construction","industry-construction","Subcontractors and suppliers routinely assign unpaid mechanic's liens to factoring companies or investors to recover working capital without waiting for foreclosure.",{"industry":449,"icon_asset_id":450,"specifics":451},"Real Estate","industry-real-estate","Tax lien certificates, HOA assessment liens, and judgment liens are regularly assigned among investors as income-producing assets secured by real property.",{"industry":453,"icon_asset_id":454,"specifics":455},"Financial Services","industry-fintech","Commercial lenders assign lien portfolios during loan sales, securitizations, and distressed-debt transactions, requiring clean assignment documentation to pass due diligence.",{"industry":457,"icon_asset_id":458,"specifics":459},"Professional Services","industry-professional-services","Law firms and accounting practices that hold charging liens or retaining liens on client files may assign those interests as part of firm dissolution or practice-group acquisitions.",[461,465,468,472],{"vs":462,"vs_template_id":463,"summary":464},"Lien Release","D{LIEN_RELEASE_ID}","A lien release extinguishes the lien entirely upon satisfaction of the underlying debt, removing the claim from the public record. An assignment of lien keeps the lien alive but moves it to a new owner. Use a release when the debt has been paid; use an assignment when you want to transfer — not eliminate — the claim.",{"vs":257,"vs_template_id":466,"summary":467},"D{ASSIGNMENT_OF_MORTGAGE_ID}","An assignment of mortgage transfers the lender's interest in a mortgage loan — both the note and the security interest — to a new lender or investor. An assignment of lien is broader and covers statutory liens such as mechanic's liens, tax liens, and judgment liens that arise by operation of law rather than by contract. The legal formalities and recording requirements differ between the two.",{"vs":469,"vs_template_id":470,"summary":471},"Subordination Agreement","D{SUBORDINATION_AGREEMENT_ID}","A subordination agreement changes the priority ranking of an existing lien relative to another — the lienholder stays the same but accepts a lower position. An assignment of lien changes who holds the lien without altering its priority. These documents address different problems: use subordination when a lender requires first-priority status; use assignment when ownership of the lien itself is changing hands.",{"vs":473,"vs_template_id":474,"summary":475},"UCC Financing Statement Amendment","D{UCC_AMENDMENT_ID}","A UCC financing statement amendment updates the public record for personal property security interests under Article 9, including a change of secured party following an assignment. An assignment of lien document is the underlying agreement between assignor and assignee; the UCC amendment is the public-record filing that perfects it for personal property. Both are often needed when the lien covers business assets rather than real property.",{"use_template":477,"template_plus_review":481,"custom_drafted":485},{"best_for":478,"cost":479,"time":480},"Straightforward single-lien assignments between sophisticated parties in a single jurisdiction where the lien type and recording requirements are well-understood","Free","30–60 minutes",{"best_for":482,"cost":483,"time":484},"Mechanic's lien assignments approaching enforcement deadlines, multi-state property portfolios, or transactions involving distressed or insolvent assignors","$400–$900","2–5 days",{"best_for":486,"cost":487,"time":488},"Bulk lien portfolio transfers, securitization-related assignments, cross-border lien interests, or assignments with complex indemnity and rep-and-warranty structures","$1,500–$6,000+","1–3 weeks",[490,495,500,505],{"code":491,"name":492,"flag_asset_id":493,"note":494},"us","United States","flag-us","Lien law is entirely state-specific in the US — there is no federal lien assignment statute. Mechanic's lien assignability, enforcement deadlines (typically 1–2 years from filing), and recording requirements vary by state. California, Texas, and Florida impose particularly detailed procedural requirements. Several states require the assignment to be recorded in the same county where the original lien was filed within a specified number of days to maintain priority.",{"code":496,"name":497,"flag_asset_id":498,"note":499},"ca","Canada","flag-ca","Construction and builder's liens in Canada are governed by provincial Construction Act statutes — Ontario's Construction Act (2018) significantly reformed lien assignment rules. Most provinces allow assignment but require written notice to the property owner and general contractor. Quebec civil law treats lien-equivalent rights (hypothecs) differently from common-law provinces; legal review is strongly recommended for any Quebec property. Assignment must typically be registered in the applicable provincial land registry to bind third parties.",{"code":501,"name":502,"flag_asset_id":503,"note":504},"uk","United Kingdom","flag-uk","English law recognizes assignment of choses in action — including contractual and statutory liens — under the Law of Property Act 1925, s.136, which requires written notice to the debtor for a legal (as opposed to equitable) assignment. In Scotland, separate rules under Scots property law apply. Construction-related liens are less common in the UK than in North America; retention of title clauses and contractual charging provisions more commonly serve the same function.",{"code":506,"name":507,"flag_asset_id":508,"note":509},"eu","European Union","flag-eu","EU member states have no uniform lien assignment law — each country's domestic property and security interest rules apply. Germany's Sicherungsübereignung (security transfer of ownership) and France's nantissement (pledge) differ significantly from common-law lien concepts. GDPR implications arise if lien-related debtor personal data is transferred to the assignee alongside the lien itself; a data processing or transfer agreement may be required in parallel. Cross-border EU assignments involving real property must comply with the lex situs rule under Rome I Regulation.",[244,511,512,513,514,515,516,517,518,519,520,521],"purchase-order-D1411","promissory-note-D434","security-agreement-D915","secured-lumpsum-promissory-note-agreement-D13041","bill-of-sale-D1229","indemnification-agreement-D13016","cease-and-desist-letter-D12916","demand-letter-D13262","unilateral-liability-release-D1045","general-power-of-attorney-D1037","affidavit-D843",{"emit_how_to":204,"emit_defined_term":204},{"primary_folder":134,"secondary_folder":524,"document_type":525,"industry":526,"business_stage":527,"tags":528,"confidence":533},"guaranties-and-collateral","agreement","general","all-stages",[529,530,531,532],"lien-assignment","collateral","legal-agreement","property-rights",0.92,"\u003Ch2>What is an Assignment of Lien?\u003C/h2>\n\u003Cp>An \u003Cstrong>Assignment of Lien\u003C/strong> is a legally binding document through which a lienholder — the assignor — formally transfers their lien rights against a debtor's property to a third party known as the assignee. Once executed and properly recorded, the assignee steps into the assignor's legal position and holds all the rights to enforce, release, or otherwise deal with the lien as if they were the original claimant. Liens that are commonly assigned include mechanic's and materialman's liens in construction, tax lien certificates, judgment liens, and assessment liens held by homeowners' associations. The document must precisely identify the original lien by its recording information, state the consideration exchanged, include the assignor's warranties on lien validity and outstanding balance, and be notarized and filed in the applicable public registry to bind third parties.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Without a properly drafted and recorded assignment of lien, the transfer of lien rights creates a gap in the public record that can have serious financial consequences. An assignee who fails to record the assignment risks losing priority to a subsequent buyer or creditor who has no notice of their interest — potentially rendering a paid-for lien worthless. Without express warranties from the assignor, the assignee may discover after closing that the lien was already partially satisfied, improperly perfected, or subject to challenge, with limited contractual recourse. Debtors who are never formally notified of the assignment can continue paying the original lienholder, extinguishing the debt and leaving the assignee empty-handed. This template closes each of these gaps by providing a complete, jurisdiction-aware framework — covering recording obligations, debtor notice, warranties, indemnification, and enforcement — so that lien rights transfer cleanly, completely, and with the legal protections both parties need.\u003C/p>\n",1781186040518]