Assignment With A Returned Value In Wake
Category:
State:
Multi-State
County:
Wake
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due form facilitates the transfer of rights to collect a specific debt from one party (the Assignor) to another (the Assignee). It acknowledges the receipt of value and asserts that the Assignor grants all rights to the specified debt, ensuring that it is a valid obligation. This form includes sections for the description of the debt, providing clarity on the amount and due date. It is classified as a non-recourse assignment, which means that the Assignee is responsible for collection efforts and cannot hold the Assignor liable for failure to collect the debt. For attorneys, partners, and owners, this form serves as a vital tool for legally documenting debt assignments and mitigating financial risk. Paralegals and legal assistants can efficiently fill out and edit the form, ensuring all pertinent details are included while maintaining compliance with legal standards. Overall, this form streamlines debt transactions and preserves rights, making it essential in various legal and business contexts.
