Assignment On Money And Banking Class 12 In King
Category:
State:
Multi-State
County:
King
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The document titled 'Assignment of Money Due' serves as a formal agreement between parties, where one party (the Assignor) transfers their rights to a specific debt to another party (the Assignee). This form requires a clear description of the debt, including details such as the amount owed and the due date. It is crucial to note that this assignment is non-recourse, meaning that the Assignee is solely responsible for collecting the debt, while the Assignor guarantees the legitimacy of the debt. The form must be signed and dated by both parties to be legally binding. This assignment is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who work in finance or debt management, as it provides a straightforward mechanism for transferring debt rights. The form allows legal professionals to facilitate transactions securely and ensures that all parties acknowledge their responsibilities. Users must ensure the correct completion of the debt description and execute the document according to standard legal practices.
