Assignment For Money In King
Category:
State:
Multi-State
County:
King
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment for Money in King is a legal document that enables the Assignor to transfer their rights, title, and interest in a specific debt to the Assignee. This form is particularly useful for individuals or businesses seeking to assign debts for various reasons, such as personal loans or open accounts. Key features include clear identification of both parties, the specific debt being assigned, and a warranty from the Assignor regarding the validity of the debt. The form operates as a non-recourse assignment, indicating that the Assignee is responsible for collecting the debt, mitigating risk for the Assignor. Filling out the form involves entering the names of the Assignor and Assignee, a description of the debt, and the date of the assignment. This form is crucial for attorneys, partners, owners, associates, paralegals, and legal assistants who facilitate financial transactions, ensuring they have a reliable method for transferring debt obligations. By providing a structured process, the form enhances transparency and legal accountability in financial agreements.
