Money Owed For In Montgomery
Category:
State:
Multi-State
County:
Montgomery
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due form is a legal document used to transfer the rights to collect a specific debt from one party (the Assignor) to another party (the Assignee) in Montgomery. This form ensures that the Assignee gains all rights, title, and interest in the debt described within the document. It contains sections for detailing the debt amount, due date, and related specifics. Notably, this is a non-recourse assignment, meaning the Assignee assumes the responsibility for collecting the debt without recourse to the Assignor beyond defending the validity of the debt. This utility is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants, as it simplifies the transfer of debt rights in legal transactions. Filling out the form involves stating clear details about the debt and ensuring proper execution by both parties, which adds to its reliability. The clarity and straightforward structure of this form make it accessible for users with varying levels of legal experience, providing an essential tool for managing debts in a professional setting.
