Assignment With A Returned Value In Palm Beach
Category:
State:
Multi-State
County:
Palm Beach
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, the Assignee. This form is particularly useful when dealing with financial transactions in Palm Beach where a party wishes to assign their interests in a debt they are owed. Key features include a clear definition of the debt, the stipulation of it being a non-recourse assignment, and the Assignor's warranty on the validity of the debt. Filling out the form requires stating the amount and nature of the debt, along with the date and signatures of both parties. The form is specifically tailored for attorneys, partners, owners, associates, paralegals, and legal assistants who need a structured way to formalize the transfer of debt rights. Use cases include financing transactions, business sales, or the management of outstanding accounts receivable. This form not only provides legal protection for both parties involved but also ensures clarity in the assignment process.
