Task For Money In Texas
Category:
State:
Multi-State
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due is a legal document in Texas used to transfer rights to collect a specific debt from one party to another. This form is beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants involved in the management of debts and financial transactions. It allows the Assignor to convey their rights to an Assignee, providing a clear record of the agreement. Users must explicitly describe the debt being assigned, including details like amounts and due dates. The form emphasizes that it is a non-recourse assignment, meaning the Assignee must collect the debt without seeking recourse against the Assignor. It's crucial that the Assignor guarantees the debt's validity and defends this assurance if necessary. Proper execution requires signatures from both parties and the date of the assignment for legal validity. This form is particularly useful in financial settlements, business transactions, and debt recovery processes in Texas, streamlining the assignment of monetary claims.
