Payment With Due Date 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 designed to facilitate the transfer of rights to a specific debt from one party (the Assignor) to another (the Assignee). This document explicitly states that the debt being assigned is valid and provides details about the amount due, due date, and associated debt type. A central feature of this form is its non-recourse clause, indicating that the Assignee bears the responsibility for collection without recourse to the Assignor if unsuccessful. Filling out this form requires clear description of the debt, including amounts and dates, ensuring both parties understand the transfer specifics. It serves various use cases for the legal field, enabling attorneys, partners, owners, associates, paralegals, and legal assistants to formalize financial agreements or settlements conveniently. It streamlines processes related to debt management and ensures legal compliance in debt assignments. Users are advised to review the completed document carefully before signing and executing, as this will protect both parties’ interests during the transaction.
