Assignment Of Money Due In Suffolk
Category:
State:
Multi-State
County:
Suffolk
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due in Suffolk is a legal form used to transfer the rights to a specific debt from an assignor to an assignee. This document acknowledges that the assignor has received value for the assignment and outlines the details of the debt being assigned, including the amount owed and due date. The form emphasizes that this is a non-recourse assignment, meaning that the assignee must take full responsibility for collecting the debt. The assignor guarantees the validity of the debt and agrees to defend this warranty if necessary. It is crucial for users to accurately describe the debt in the designated section to ensure clarity and enforceability. This form is useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in financial transactions, debt collection, and asset management, as it provides a clear and binding mechanism for transferring debt rights. Users are advised to complete the document with careful attention to detail and to keep a signed copy for their records.
