Payment For Due Bills In Collin
Category:
State:
Multi-State
County:
Collin
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due is a legal document used to formally transfer rights to collect a debt from one party (the Assignor) to another (the Assignee). This form details the specific debt, including the amount and its due date, ensuring clarity in the assignment process. It serves as a non-recourse assignment, meaning that the Assignee assumes the responsibility of collection without recourse to the Assignor, who guarantees the validity of the debt. Key features of the form include sections for identifying both parties and a description of the debt, alongside space for signatures. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form valuable when handling various debt collection situations, such as in mergers or sales of debts. Filling instructions emphasize the need for accurate completion of the debt details to avoid future disputes. It is important to edit the form to reflect the specifics of the assignment accurately. This form is particularly useful in legal and business contexts for facilitating smooth financial transactions.
