# Fraudulent Transfer Act Agreement
**THIS AGREEMENT** is made as of the ___ day of __________, 20___, by and between:
**PARTY A**: [Full Legal Name]
Address: [Full Address]
Email: [Email Address]
Phone: [Phone Number]
**AND**
**PARTY B**: [Full Legal Name]
Address: [Full Address]
Email: [Email Address]
Phone: [Phone Number]
**WHEREAS**, Party A and Party B (hereinafter referred to as the "Parties") desire to enter into an agreement regarding the understanding related to the Fraudulent Transfer Act, specifically related to the transfer of assets and avoiding evasion of creditors' rights.
## 1. PURPOSE
The purpose of this Agreement is to outline the responsibilities of each Party concerning the lawful transfer of assets and to prevent any violations under the Fraudulent Transfer Act.
## 2. DEFINITIONS
- **Fraudulent Transfer**: As defined under relevant state law, a fraudulent transfer occurs when a debtor transfers property with the intention to hinder, delay, or defraud any creditor.
- **Assets**: Any property, real or personal, that is owned by either Party.
## 3. REPRESENTATIONS AND WARRANTIES
Each Party represents and warrants to the other that:
- They have the authority to enter into this Agreement.
- They are not acting with the intention to defraud any creditors.
- All transactions will be conducted lawfully and in good faith.
## 4. OBLIGATIONS OF THE PARTIES
### 4.1 Party A Obligations:
- Party A shall provide full disclosure of all current assets and debts.
- Party A shall not engage in any transactions that may be construed as fraudulent transfers.
### 4.2 Party B Obligations:
- Party B shall conduct all background checks and due diligence concerning Party A’s financial history.
- Party B shall refrain from enticing or facilitating any fraudulent transfer of assets from Party A.
## 5. INDEMNIFICATION
Each Party shall indemnify and hold harmless the other from any claims, losses, damages, or expenses that result from a breach of this Agreement or violations of the Fraudulent Transfer Act.
## 6. GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of the State of __________.
## 7. AMENDMENTS
Any amendments or modifications to this Agreement must be made in writing and signed by both Parties.
## 8. ENTIRE AGREEMENT
This Agreement constitutes the entire understanding between the Parties regarding the subject matter hereof and supersedes all prior agreements, representations, and understandings.
## 9. SEVERABILITY
If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
## 10. SIGNATURES
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first above written.
**PARTY A**:
_____________________________
Signature: ___________________
Name: [Full Name]
Title: [Title, if applicable]
Date: _______________________
**PARTY B**:
_____________________________
Signature: ___________________
Name: [Full Name]
Title: [Title, if applicable]
Date: _______________________
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*Disclaimer: This is a general template and should not be considered legal advice. Parties are encouraged to seek legal counsel before entering any agreements.*