Payment For Due Course In Illinois
Category:
State:
Multi-State
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due form is designed for parties in Illinois to formalize the transfer of rights to a debt from one entity, known as the Assignor, to another, referred to as the Assignee. This form includes essential elements such as the identification of the debt, which must be clearly described, including the amount due and pertinent dates. It specifies that the assignment is non-recourse, placing the responsibility of collection solely on the Assignee while the Assignor guarantees the validity of the debt. Filling out the form requires both parties to sign and date it to ensure legal enforceability. Attorneys, partners, and legal assistants will find this form useful in facilitating debt transfers, ensuring proper documentation and execution of the agreement. This form also assists paralegals and associates in managing claims assigned by clients effectively, providing clarity on rights and responsibilities. With straightforward instructions and a professional design, this form is accessible even to users with limited legal backgrounds, allowing for smooth transactions and financial management.
