Money Due To In King
Category:
State:
Multi-State
County:
King
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due form is a critical legal document used to transfer rights to collect a specified debt from one party (the Assignor) to another (the Assignee). This form invites clarity by allowing users to clearly describe the debt being assigned, including details like the amount due and the date of payment. It emphasizes that this is a non-recourse assignment, implicating that the Assignee has the sole responsibility for collection, while the Assignor guarantees the validity of the debt. Filled out accurately, the form serves to protect both parties legally by ensuring that obligations are outlined and recognized. It is vital for attorneys, partners, owners, associates, paralegals, and legal assistants as it streamlines the process of debt assignment and provides a basis for legal recourse in cases of disputes over payment. Users can easily fill out the form by providing relevant details and signing it, ensuring that the transaction is documented appropriately. Overall, this form is essential for anyone involved in debt collection or assignment, facilitating legal clarity and accountability.
