what is the meaning of assignment in filipino

Deed of Assignment | Assignor | Assignee

Assign your property to another with a "deed of assignment".

Transfer your property to another person

Last updated on 16 November 2023

1. What is a Deed of Assignment? 

A Deed of Assignment is a contract where the owner (the “assignor”) transfers ownership over property to another person (the “assignee”) by way of assignment. The assignee steps into the shoes of the assignor and assumes all the rights and obligations to the property.

2. When do you need a Deed of Assignment?

A Deed of Assignment is used when the owner wants to transfer ownership (and the rights and obligations) over property to another person.

3. What information do you need to create the Deed of Assignment?

To create your Deed of Assignment you’ll need the following minimum information:

• The type of assignor (e.g. individual or business) as well as name and details (e.g. nationality and address).
• The type of assignee (e.g. individual or business) as well as name and details (e.g. nationality and address).
• Brief description of the property to be assigned.

4.  How much is the document?

The document costs PHP 400 for a one-time purchase. Once purchased you have unlimited use and revisions of this type of document.

You can also avail of Premium subscription at PHP 1,000 and get (a) unlimited use of our growing  library  of documents (from affidavits to contracts); and (b) unlimited use of our “ Ask an Attorney ” service, which lets you consult an expert lawyer anytime for any legal concern you have.

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What is an OFW – Overseas Filipino Worker?

Overseas Filipino Workers (OFWs) are basically foreign workers who work outside the Philippines and live in a foreign country for an indefinite or limited period of time. Overseas Filipino workers hold Philippine citizenship and choose to migrate abroad for temporary assignments to support themselves and their families back home, while they provide the same crucial service to other countries.

OFW’s often find work as domestic helpers, construction workers, nurses, caregivers, seamen/women, working professionals, and many other professions, depending on demand from overseas employers. The POLO-OWWA offices abroad are the ones that cater to the welfare and labor issues of Filipinos based overseas.

The Philippines currently has around 10 million Overseas Filipinos worldwide with approximately 2.6 Million working in Saudi Arabia alone. The majority of Overseas Filipino Workers are Overseas contract workers, holding employment contracts with their overseas employers, which can range between one month to several years. These types of foreign employees are also known as time-based migrant workers.

What is the meaning of OFW?

OFW stands for Overseas Filipino Workers. These are people from all walks of life – from mothers to construction workers, teachers to professional doctors. They travel to different parts of the world where they take on different jobs that vary depending on their profession.

Why do many Filipinos want to work abroad?

Many Overseas Filipinos want to work abroad because they can earn more money there than at home and send it home to their families. Here are the list of reasons why Filipinos work abroad and become OFWs:

• To provide income stability for their family.
• Better career opportunities.
• To be able to provide for their children’s education.
• Overseas Filipino Workers can maximize their skill-sets in order to gain better employment through skills training and higher learning.
• They feel like they have more freedom than working in the country because of all the reasons listed above.
• They take jobs that they believe will lead to better opportunities for themselves and their families.

What types of jobs do Overseas Filipino Workers (OFWs) do?

The jobs OFWs do range from caregivers, construction workers, factory labor, to professional work such as nurses, engineers, IT, etc. Overseas Filipino Workers are all over the world including the Middle East, Hong Kong, Singapore, Malaysia, and other countries in Europe.

Depending on the level of education that they have attained in the Philippines, they can get a variety of jobs including :

• Overseas Filipino Workers who work as Overseas Manpower (caregivers, domestic helpers such as nannies and maids)
• Overseas Filipino Workers who work in the construction industry (construction workers or carpenters)
• Overseas Filipino Workers who work in manufacturing (factory workers)
• Overseas Filipino Workers who work in other fields like engineering and medicine (engineers and doctors)
• Overseas Filipino Workers who work in the field of Information Technology (IT)
• Overseas Filipino Workers who work in the field of Customer Service
• Overseas Filipino Workers who work in the field of Nursing

How to Become an OFW?

Overseas Filipino Workers can get a job working by applying for a POEA (Philippine Overseas Employment Agency)-accredited agency. This type of agency will generally look for employment opportunities and place Overseas Filipino Workers overseas.

WARNING: If you plan to become an OFW, make sure you apply to accredited POEA-agencies. These accredited job agencies screen applicants based on qualifications and background before hiring them to make sure they are qualified for the job they are applying for. Other job agencies don’t screen Overseas Filipino Workers, which is one of the reasons why some OFWs in these agencies become victims of human trafficking crimes in other countries. If you want a list of accredited POEA-agencies, click here .

Why do Overseas Filipinos send remittances?

Every month Overseas Filipinos around the world send money to their loved ones as a remittance by transferring money from one bank account to another electronically using websites. The monthly remittance to their families is used for their daily needs and to pay for bills. Overseas Filipino Workers send remittances every month because their family depends on them.

How do Overseas Filipino Workers contribute to the economy of the Philippines?

Overseas Filipinos contribute greatly to the Philippine Economy. Every Overseas Filipino Worker (OFW) sends around an average $400 in remittance every month which contributes to the Philippine Economy. Overseas Filipinos also spend money when they visit friends or family or during holidays like Christmas, New Year’s Eve, Birthdays, etc.

How do Overseas Filipinos send money?

There are many ways Overseas Filipino Workers make sure they get their remittance from one country to another, some examples are listed below:

• Bank Wire Transfer – It is a safe way to transfer money from one bank account to another electronically. The fee is usually around $25 for Overseas Filipino Workers to send money overseas.
• Western Union – Overseas Filipino Workers can pay a fee of around $15 to $25 per transaction when they send money overseas using Western Union.
• MoneyGram – Overseas Filipino Workers is almost the same as Western Union, although this one charges Overseas Filipino Workers less than Western Union when they transfer money from one country to another.

What is the role of Overseas Filipino Workers in the economy of the Philippines?

According to the Philippine Overseas Employment Administration (POEA), Overseas Filipino Workers should be considered temporary workers for the purpose of labor export policy formulation and program implementation.

Overseas Filipinos play an important role in sending remittances to their country. OFWs typically send money back home to support their families by paying for rent or mortgage, utilities, food, and clothing bills, education, etc. The Philippines has been benefitting from money sent home by OFWs as one of its sources of income as it contributes to the Philippine GDP (Gross Domestic Product). Remittances received in the Philippines accounted for 9.7 percent of the country’s total GDP in 2020.

Overseas Filipino Workers (OFWs) work full-time overseas as a job with a fixed income during a certain part of the year and return home to spend time with family for a few months back home in the Philippines every year or so. Overseas Filipinos play an important role in sending remittances to their country. OFWs typically send money back home to support their families by paying for rent or mortgage, utilities, food, and clothing bills, education, etc.

The Philippines has been benefitting from money sent home by Overseas Filipino Workers as one of its sources of income as it contributes to the Philippine GDP (Gross Domestic Product). Remittances received in the Philippines accounted for 9.7% of the country’s total

We hope you have found this guide helpful in understanding better what the role of OFWs is to the Philippines and have a better idea of what an OFW is.

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DEED OF ASSIGNMENT: EVERYTHING YOU NEED TO KNOW.

A Deed of Assignment refers to a legal document in which an assignor states his willingness to assign the ownership of his property to the assignee. The Deed of Assignment is required to effect a transfer of property and to show the legal right to possess it. It is always a subject of debate whether Deed of Assignment is a contract; a Deed of Assignment is actually a contract where the owner (the “assignor”) transfers ownership over certain property to another person (the “assignee”) by way of assignment. As a result of the assignment, the assignee steps into the shoes of the assignor and assumes all the rights and obligations pertaining to the property.

In Nigeria, a Deed of Assignment is one of the legal documents that transfer authentic legal ownership in a property. There are several other documents like a deed of gifts, Assent, etc. However, this article focuses on the deed of assignment.

It is the written proof of ownership that stipulates the kind of rights or interests being transferred to the buyer which is a legal interest.

Read Also: DIFFERENCE BETWEEN TRANSFER OF PROPERTY THROUGH WILLS AND DEED OF GIFT

CONTENTS OF A DEED OF ASSIGNMENT

Content of a Deed of Assignment matters a lot to the transaction and special skill is needed for a hitch-free transaction. The contents of a deed of assignment can be divided into 3 namely; the introductory part, the second (usually the operative part), and the concluding part.

• THE INTRODUCTORY PART: This part enumerates the preliminary matters such as the commencement date, parties in the transaction, and recitals. The parties mentioned in the deed must be legal persons which can consist of natural persons and entities with corporate personality, the name, address, and status of the parties must be included. The proper descriptions of the parties are the assignor (seller) and assignee (buyer). The Recitals give the material facts constituting the background to the current transaction in chronological order.
• THE SECOND PART (USUALLY THE OPERATIVE PART): This is the part where the interest or title in the property is actually transferred from the assignor to the assignee. It is more like the engine room of the deed of assignment. The operative part usually starts with testatum and it provides for other important clauses such as the consideration (price) of the property, the accepted receipt by the assignor, the description of the property, and the terms and conditions of the transaction.
• The testimonium : this shows that all the parties are involved in the execution of the deed.
• Execution : this means signing. The capacity of the parties (either individual, corporate bodies, illiterates) is of great essence in the mode of execution.  It is important to note that the type of parties involved determines how they will sign. Example 2 directors or a director/secretary will sign if a company is involved. In the same way, if an association, couple, individual, illiterate, family land (omonile), firm, unregistered association, etc. is involved the format of signature would be different.
• Attestation : this refers to the witnessing of the execution of the deed by witnesses.

For a Deed of Assignment to be effective, it must include a column for the Governor of the state or a representative of the Government where the property is, to sign/consent to the transaction. By virtue of Sec. 22 of the Land Use Act, and Sec. 10 Land Instrument Registration Law, the Governor must consent to the transaction.

Do you have any further questions? feel free to call Ibejulekkilawyer on 08034869295 or send a mail to [email protected] and we shall respond accordingly.

Disclaimer: The above is for information purposes only and should not be construed as legal advice. Ibejulekkilawyer.com (blog) shall not be liable to any person(s) for any damage or liability arising whatsoever following the reliance of the information contained herein. Consult us or your legal practitioner for legal advice.

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