Payment For Due Course In Philadelphia
Category:
State:
Multi-State
County:
Philadelphia
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due form is a legal document commonly used in Philadelphia to facilitate the transfer of debts and receivables between parties. It allows the assignor, who is owed money, to officially assign their rights to collect that debt to the assignee. This form specifies details such as the nature of the debt, including the amount owed and due dates. Key features include a warranty from the assignor regarding the validity of the debt and a clarification that it is a non-recourse assignment, placing the burden of collection on the assignee. Users should fill in the relevant debt details and sign the form to make the assignment effective. It is intended for use by attorneys, partners, owners, associates, paralegals, and legal assistants who may need to manage or transfer financial obligations. The form aids in ensuring clarity and legality in debt transactions, supporting efficient financial management in various legal and business contexts.
