Payment For Due Bills In Queens
Category:
State:
Multi-State
County:
Queens
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due form is a legal document used to transfer rights to collect a debt from one party (the Assignor) to another (the Assignee). This form is particularly useful in Queens for attorneys, partners, owners, associates, paralegals, and legal assistants who need to facilitate the collection of outstanding accounts receivable. Key features include the ability to clearly describe the debt being assigned, which helps prevent disputes over the amount or validity of the claim. The form includes a non-recourse provision, stating that the Assignee is responsible for collection efforts, while the Assignor guarantees that the debt is legitimate and that they will defend this assertion if needed. When filling out the form, users should provide complete information about the debt, including the account details and any requisite documentation. The form should be executed with signatures from both the Assignor and Assignee, ensuring a legally binding agreement. This document serves various business contexts, particularly for those in need of cash flow management through effective debt collection.
