Money Due To In Florida
Category:
State:
Multi-State
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due is a legal form utilized in Florida to transfer rights to collect on a specific debt from one party (the Assignor) to another (the Assignee). This form is essential for parties wishing to formalize the transfer of rights associated with debts such as open accounts or promissory notes. Key features include the identification of the debt being assigned, the acknowledgment of receipt and sufficiency of value by the Assignor, and a warranty from the Assignor regarding the validity of the debt. The form is non-recourse, meaning that the Assignee assumes the risk and responsibility for collection. Attorneys, partners, owners, associates, paralegals, and legal assistants can find this form particularly useful in managing client accounts, facilitating transactions, and ensuring that all parties understand their rights and obligations. Filling out this form involves clearly describing the debt, including the amount and due date, and providing signatures from both parties. Moreover, it helps maintain clarity in financial interactions and protects the rights of the Assignee while providing assurance regarding the validity of the transfer.
