Assignment With A Returned Value In North Carolina
Category:
State:
Multi-State
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due is a legal document used in North Carolina to transfer rights to a specific debt from one party, known as the Assignor, to another, known as the Assignee. This form includes critical information such as the amount of debt, the description of the debt, and the date it is due. It operates under a non-recourse provision, meaning the Assignee is solely responsible for collecting the debt. The Assignor must ensure the debt is valid and may defend this warranty if necessary. This form is especially useful for attorneys, partners, owners, associates, paralegals, and legal assistants who need to formalize debt transactions or manage accounts receivable. Users should fill in specific details regarding the debt, including the names of the Assignor and Assignee, the debt amount, and any relevant documents supporting the debt claim. The straightforward structure and clear language of the form make it accessible for those with limited legal knowledge and support efficient legal operations.
