Assignment With A Returned Value In King
Category:
State:
Multi-State
County:
King
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment with a Returned Value in King is a legal document designed to formally transfer rights to a specific debt or money due from one party, the Assignor, to another party, the Assignee. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants involved in debt collection or financial agreements, as it provides a clear record of the assignment and the obligations of both parties. Key features include sections to describe the debt, the amount due, and the date of the agreement, ensuring all necessary details are captured accurately. The form establishes a non-recourse assignment, emphasizing that the Assignee is responsible for collecting the debt while the Assignor assures the validity of the debt. To fill out the form, users should provide complete and precise information regarding the debt and ensure all signatures are obtained. This document can be particularly useful in business transactions, loan agreements, or when managing accounts receivable. Overall, it serves as a reliable tool for formalizing debt assignments, protecting the interests of both the Assignor and Assignee.
