Assignment On Money Market In Bronx
Category:
State:
Multi-State
County:
Bronx
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due is a legal document used to transfer the rights to receive payment for a specific debt from one party, referred to as the Assignor, to another party, the Assignee. This document outlines the details of the debt being assigned, including the amount due and any relevant dates. It is crucial for parties in the Bronx to accurately describe the debt in the form provided, ensuring clarity on payment expectations. The assignment is labeled as non-recourse, meaning the Assignee assumes responsibility for collecting the debt without recourse to the Assignor beyond the debt itself. Specific instructions for filling out the form include entering the names of both the Assignor and Assignee, a detailed description of the debt, and the date of execution. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in financial transactions, collections, or business dealings that require an official assignment of rights to receive payments. By utilizing this form, legal professionals can ensure that rights are clearly established and that the assignment process is legally sound.
