Assignment With A Returned Value In Collin
Category:
State:
Multi-State
County:
Collin
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due form is a legal document designed for transferring the rights to collect a specific debt from one party (the Assignor) to another party (the Assignee). This form includes critical information such as the description of the debt, the parties involved, and specifies that it is a non-recourse assignment, meaning the Assignee is solely responsible for collection efforts. It also includes a warranty from the Assignor affirming that the debt is valid and that they will defend this warranty if necessary. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who require a clear, legally binding way to handle debt assignments. Users can fill in essential details such as the amount due, the due date, and identifying information about both parties. Additionally, the simple structure of the form ensures that even users with limited legal experience can complete it accurately, reinforcing its accessibility. Overall, it serves as a practical tool in debt management and assignment transactions.
