Assignment Of Money Due In Cuyahoga
Category:
State:
Multi-State
County:
Cuyahoga
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due in Cuyahoga is a legal document that facilitates the transfer of rights to collect a specified debt from one party, the Assignor, to another, the Assignee. This form is essential for capturing the details of a debt, ensuring that both parties acknowledge the receipt and validity of the debt being assigned. Key features of the form include the description of the debt, a non-recourse clause which states that collection duty falls on the Assignee, and a warranty from the Assignor regarding the validity of the debt. To fill out the form, users need to provide the personal details of both parties, the specifics of the debt including amount and due date, and the date of execution of the assignment. The form is particularly useful for attorneys, partners, and legal professionals dealing with debt collection, as it provides a clear and concise method for assigning debts. Paralegals and legal assistants may also find this form beneficial for managing documentation in debt assignments, ensuring compliance and smooth transactions. Overall, this form is a practical resource for anyone needing to formalize the transfer of monetary rights in Cuyahoga.
