Monies Due For In Houston
Category:
State:
Multi-State
City:
Houston
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due form is a legal document used to transfer the rights to a specific debt or money due from one party (the Assignor) to another (the Assignee) in Houston. This form clearly outlines the responsibilities of both parties, stating that the Assignee takes on the duty of collection while the Assignor guarantees the validity of the debt. Key features of the form include a section for detailing the debt, including the amount owed and due date, as well as a stipulation that this is a non-recourse assignment, protecting the Assignor from further claims once the assignment is executed. Filling out the form requires precision, ensuring all details about the debt are accurately described. It is advised to have the form signed in the presence of a witness or notary, ensuring legality and authenticity. This form is particularly useful for attorneys, partners, and legal professionals involved in debt collection or asset management, as it provides a clear legal framework for transferring financial obligations. Paralegals and legal assistants will benefit from understanding the document's wording to effectively assist in the drafting and execution processes.
