Assignment With A Returned Value In Suffolk
Category:
State:
Multi-State
County:
Suffolk
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due form facilitates the transfer of rights from one party, known as the Assignor, to another party, referred to as the Assignee. In Suffolk, this legal document is particularly useful for those needing to assign debts or amounts payable, ensuring that all pertinent rights, titles, and interests in a specified financial obligation are effectively conveyed. Key features of the form include a detailed description of the debt being assigned, a clause stating that it is a non-recourse assignment, and a warranty from the Assignor regarding the validity of the debt. Filling out the form requires careful completion of the debt description, ensuring all amounts and dates are accurate. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form to streamline debt assignments in a legal context. The simplicity of its structure allows for clear communication of responsibilities among parties involved, especially emphasizing that the Assignee is responsible for collection. It is crucial for users to keep the document signed and dated to authenticate the agreement, reinforcing legal standing and clarity in transactions.
