Monies Due For In Washington
Category:
State:
Multi-State
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due is a legal form used in Washington for transferring the rights to receive payment for a specified debt from one party (the Assignor) to another (the Assignee). This document outlines the details of the debt being assigned, including the amount owed and the due date. It is crucial for the parties involved to accurately describe the debt to ensure clarity and enforceability. The form specifies that this is a non-recourse assignment, meaning the Assignee assumes the responsibility for collecting the debt without recourse to the Assignor. Both parties are required to sign the document to validate the assignment. This form is particularly useful for attorneys, partners, and owners involved in debt transactions, allowing them to efficiently manage accounts receivable. Paralegals and legal assistants can benefit from using this straightforward template to facilitate debt transfers within their practice. Overall, the Assignment of Money Due is an essential tool for legal professionals handling financial transactions in a clear and legally binding manner.
