Money Due To In Oakland
Category:
State:
Multi-State
County:
Oakland
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due is a legal form utilized to transfer rights related to a specified debt from one party, the Assignor, to another party, the Assignee. This document is essential in situations where a practice, such as a legal firm, needs to formally assign receivables owed to them, enabling the Assignee to collect the debt directly. Key features of the form include a section for the specific debt description, including the amount due and the date it is owed, ensuring clarity and specificity in the transaction. It also states that the assignment is non-recourse, meaning the Assignee bears the responsibility for collecting the debt, while the Assignor warrants the validity of the debt. Filling out the form requires careful listing of the debt details and both parties' signatures, making it essential for maintaining accurate records. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it streamlines the assignment process and protects the interests of both parties involved. Additionally, it serves as valuable documentation for future reference and legal compliance in financial transactions.
