Money Due To In Texas
Category:
State:
Multi-State
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due is a legal form used in Texas to transfer rights to a debt from one party, known as the Assignor, to another party, referred to as the Assignee. This form is essential for ensuring that the Assignee has the authority to collect the specified debt, which should be clearly described within the document. The form requires the Assignor to affirm that the debt is valid and to defend this assertion if needed. Users must fill in critical information, such as the type of debt, amount due, and due dates, to ensure clarity and enforceability. The form also emphasizes that it is a non-recourse assignment, placing the burden of collection solely on the Assignee. This document is beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants by providing a structured way to handle debt assignments, which is vital for effective debt management in legal and business contexts. Proper completion of the form promotes legal compliance and clear communication between involved parties.
