Monies Due For 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 used to transfer the rights to a specified debt or money owed from one party, known as the Assignor, to another party, known as the Assignee. This legal document outlines the details of the debt, including the amount due and relevant dates. A key feature of this form is its non-recourse assignment nature, meaning the Assignee assumes the responsibility for collection without liability to the Assignor if the debt is not collected. Filling instructions include providing the names of both parties, detailing the debt description, and specifying the execution date. The form is particularly useful for attorneys managing clients' debts, partners and owners in businesses addressing receivables, associates working on financial agreements, and paralegals and legal assistants aiding in document preparation. By using this form, professionals can ensure a clear and structured approach to assigning debts, enhancing the efficiency of legal transactions and supporting debt recovery processes.
