Assignment Of Money Due In Contra Costa
Category:
State:
Multi-State
County:
Contra Costa
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due is a legal document utilized to transfer ownership of a specific debt from one party (the Assignor) to another (the Assignee) in Contra Costa. This form acknowledges that the Assignor has received value and details the debt being assigned, including the type and amount. It is important to note that this is a non-recourse assignment, meaning the Assignee is solely responsible for collecting the debt. The Assignor guarantees that the debt is valid and agrees to defend this warranty if challenged. The form should be filled out with clear descriptions of the debt including specifics like account numbers and due dates. It is executed by both parties on the date stated. This form benefits attorneys, partners, owners, associates, paralegals, and legal assistants by streamlining the debt assignment process, ensuring clear transfer of rights, and providing legal assurance regarding the validity of the debt. By following the included instructions for filling and editing, users can effectively create a legally binding agreement suitable for various financial transactions.
