Assignment With A Returned Value In Washington
Category:
State:
Multi-State
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due is a legal document used in Washington that facilitates the transfer of the right to collect a specific debt from the Assignor to the Assignee. This form ensures that the named Assignee can claim the owed amount described in the document, detailing the open account, the amount due, and any relevant evidence of debt. The form includes a non-recourse clause, indicating that the Assignee assumes full responsibility for collection, while the Assignor guarantees the validity of the debt. This assignment serves as a crucial tool for attorneys, partners, owners, associates, paralegals, and legal assistants who handle debt collection or transfers of obligations. It provides clear instructions on filling out the required information, ensuring that both parties understand their rights and responsibilities. The form must be executed by both the Assignor and Assignee, ensuring legal validity and clarity. Its straightforward nature makes it accessible for users with varying levels of legal knowledge, promoting efficient transactions in financial dealings.
