Money In Due Diligence In Travis
Category:
State:
Multi-State
County:
Travis
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due form enables an Assignor to transfer rights to a specific debt to an Assignee, acknowledging the receipt of value for the agreement. This form includes a section for the Assignor to describe the relevant debt, including specifics such as the amount due and the date it is owed. It clearly states that the assignment is non-recourse, placing the responsibility of collection on the Assignee while ensuring the Assignor warrants the validity of the debt. This structure protects both parties in the transaction. Attorneys, partners, owners, associates, paralegals, and legal assistants can use this form to facilitate debt assignments in a variety of scenarios, such as business transactions or personal loans. Filling instructions are straightforward, requiring clear identification of both parties and full debt details. After completion, the document should be signed and dated by both the Assignor and Assignee to be legally binding. Overall, this form is a vital tool for anyone managing debts, enhancing legal clarity and security in financial transactions.
