Money Owed For In Phoenix
Category:
State:
Multi-State
City:
Phoenix
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due form is a legal document used in Phoenix to facilitate the transfer of rights to collect a specific debt from one party (the Assignor) to another (the Assignee). This form is essential for those involved in financial transactions, offering clarity on the agreement between the parties regarding debt assignment. It allows the Assignor to assign their rights to the money owed, ensuring that the Assignee is authorized to collect the debt without further responsibility from the Assignor regarding collection efforts. Key features include a section to describe the specific debt being assigned, the acknowledgment of the Assignor’s warranty of the validity of the debt, and a clear statement that this is a non-recourse assignment. The form must be filled out with accurate details regarding the debt and signed by both the Assignor and Assignee to be legally binding. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in debt collection, financial transactions, or litigation. This document provides a structured approach to managing outstanding debts, enhancing legal clarity in financial dealings and ensuring compliance with local regulations.
