Texas Further Assurances

State:
Multi-State
Control #:
US-OG-496
Format:
Word; 
Rich Text
Instant download

Description

In this form, the assignor and assignee agree to take all further actions and execute, have acknowledged, and deliver all further documents that are necessary or useful in carrying out the purposes and intent of the assignment.

Texas Further Assurances is a legal term used to refer to additional actions or documentation required to ensure proper completion of a transaction or the fulfillment of contractual obligations in the state of Texas, United States. These assurances are often demanded to provide an extra layer of security and protection to all parties involved in the agreement. The purpose of Texas Further Assurances is to close any gaps or clarify any uncertainties that may exist in a transaction or contractual relationship. It ensures that all necessary actions are taken to perfect the rights or interests of the parties involved, removing any potential obstacles or risks that may arise in the future. There are different types of Texas Further Assurances that may be required based on the nature of the transaction or agreement. Some of these types include: 1. Title Assurance: When dealing with real estate transactions, Texas Further Assurances may be required to assure clear title ownership. This involves obtaining and providing necessary documents, such as title deeds, survey reports, or affidavits, to establish and confirm the legal ownership of the property. 2. Debt Assumption Assurance: In cases where a buyer assumes a seller's debt as part of a transaction, the buyer may require Texas Further Assurances to ensure that the seller's obligations are properly addressed and that there are no hidden debts or liabilities that may later affect the buyer's interests. 3. Intellectual Property Assurance: When transferring or licensing intellectual property rights, such as patents, trademarks, or copyrights, Texas Further Assurances may be necessary to validate and fully protect these rights, providing proof of ownership and granting appropriate licenses or assignments. 4. Compliance Assurance: Certain agreements, such as contracts involving regulatory compliance or environmental obligations, may require Texas Further Assurances to demonstrate adherence to applicable laws and regulations. This could involve obtaining and sharing necessary permits, licenses, or compliance certificates. 5. Indemnification Assurance: In some cases, Texas Further Assurances may be sought to secure indemnification rights or assurances, ensuring that one party is protected against any potential claims, losses, or liabilities arising from the transaction or agreement. In summary, Texas Further Assurances encompass a range of actions, documents, or assurances required to ensure the smooth execution and fulfillment of contractual obligations in the state of Texas. These additional measures provide reassurance and protection to all parties involved, reducing risks and enhancing the legal efficacy of the transaction or agreement.

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FAQ

Such clauses are used to cure defects or cover matters that may not have been expressly dealt with in the agreement.

A covenant of further assurances is the related promise that the grantor will do whatever is necessary to remove a defect associated with title, such as an encumbrance, if it arises, and if the problem is not fixed, damages will be awarded. The express promise of doing whatever is necessary is a huge promise.

A covenant of further assurances is the related promise that the grantor will do whatever is necessary to remove a defect associated with title, such as an encumbrance, if it arises, and if the problem is not fixed, damages will be awarded. The express promise of doing whatever is necessary is a huge promise.

This clause provides a buyer with the assurance that their right to possess the property won't be negatively impacted by any legal claims made against the property by a third party.

Without a further assurances clause one party might try to escape the contract by withholding assistance to the other party where that assistance is either necessary or of great importance.

By Practical Law Commercial. A boilerplate further assurance clause that seeks to ensure that the parties carry out any additional acts necessary to give effect to the contract, including the procuring of such acts by third parties.

A Standard Clause commonly found in the miscellaneous section of a contract, in which the parties agree to cooperate with one another to take any actions not expressly specified in the agreement to carry out the intent of the agreement or implement its provisions.

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A standard boilerplate clause under Texas law in which the parties agree to cooperate with one another to take any actions not expressly specified in the ... Grouped Into 132 Collections of Similar Clauses From Business Contracts. This page contains Further Assurances clauses in business contracts and legal ...6.3 Terms of further assurances. The Agent may specify the terms of any document to be executed by the Borrower or any other party under Clause 6.1, ... Download the file. As soon as the Negotiating and Drafting Further Assurances and Pre-Closing Assurances Provisions is downloaded you may fill out, print ... Have questions? View answers to Frequently Asked Questions. For additional support, email the following as appropriate: Grants (general): Grants@tea.texas ... 5.2 FURTHER ASSURANCES. Each party agrees, upon the request of the other party, to make, execute, and deliver such additional documents, and to take such ... Any person who fails to file the required certification shall be subject to a civil penalty of not less than $10,000 and not more than $100,000 for each such ... What Is a Further Assurance Clause? Further assurance clauses normally require all parties involved to act cooperatively and complete any actions that are ... It is difficult to imagine a more important document to the real estate investor than a deed, and yet its preparation is often left to a title company attorney ... ... the school to fill out paperwork.. Provide the appropriate information in ... If you have further questions, please submit them to me in writing at the above ...

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Texas Further Assurances