This form is a notice of assignment by assignor to obligor. A valid assignment takes effect the moment it is made regardless of whether notice of the assignment is given to the other party to the contract. If the obligor is notified that there has been an assignment and that any money due must be paid to the assignee, the obligor's obligation can only be discharged by making payment to the assignee. In other words, payment to the assignor would not satisfy the contract after notice. If the obligor does not know of the assignment and makes payments to the assignor who does not turn the money over to the assignee, the assignee cannot sue the obligor, but does have a remedy against the assignor. However, if the obligor both knows of the assignment and has been notified to make future payments to the assignee, any payments made by the obligor to the assignor have no effect and do not reduce the debt of the obligor.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.
If you get a Notice of Assignment and have questions, it's wise to reach out to a legal professional or the party that sent the notice to clear up any confusion and keep everything above board.
Yes, there are common elements that should be included, like the names of the parties involved and clear details about the assignment, but it doesn't have to be set in stone.
If you don’t receive a notice, you may still be responsible for paying the new assignee, so it’s best to keep an eye on your communications just to stay in the loop.
The assignor is the person or entity that is transferring their rights to receive payments to another party.
A Notice of Assignment is a legal document that lets the obligor know that their payment responsibilities have been transferred from one party (the assignor) to another.
If they don’t receive it, they might continue to owe the Assignor, which could lead to misunderstandings. It's best for Assignors to ensure delivery.
The Obligor can express their concerns if they believe there’s a valid reason, but it may depend on the specifics of the agreement.
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Gilbert Arizona Notificación de cesión por parte del cedente al deudor