Assignment On Money In Los Angeles
Category:
State:
Multi-State
County:
Los Angeles
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due form is a legal document used to formally transfer the rights to collect a specific debt from one party, the Assignor, to another, the Assignee, within Los Angeles. This document includes essential details such as the description of the debt, the parties involved, and the amount owed. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who may need to facilitate the transfer of receivables or debts in various business transactions. Users are advised to fill in the relevant sections clearly, specifying the debt's nature and its due date, along with attaching any necessary documents that support the assignment. The form emphasizes that it is a non-recourse assignment, placing the responsibility of collection solely on the Assignee, while the Assignor asserts that the debt is valid. It concludes with spaces for both the Assignor and Assignee to sign, thereby formalizing the agreement. This straightforward document serves as an important tool for managing financial interests and ensuring clarity in debt transactions.
