Money Due To In Kings
Category:
State:
Multi-State
County:
Kings
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due form is a legal document that enables an assignor to transfer their rights and interests in a specific debt to an assignee. Key features of the form include a section for detailing the debt, specifying the obligation amount, and establishing that the assignment is non-recourse, meaning the assignee bears the responsibility of collection. Users must clearly describe the debt being assigned, including party names and due dates. This form is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants, as it streamlines the process of debt transfer while ensuring legal protection for both parties. Filling out the form involves ensuring all required information is accurately provided and signed by both the assignor and assignee. Legal professionals are advised to maintain records of this agreement as evidence in case of disputes. This form is essential for anyone looking to officially assign debts in a clear and legally enforceable manner.
