A valid assignment takes effect the moment it is made regardless of whether notice of the assignment is given to the other party to the contract. If the obligor is notified that there has been an assignment and that any money due must be paid to the assignee, the obligor's obligation can only be discharged by making payment to the assignee. In other words, payment to the assignor would not satisfy the contract after notice.
A New Hampshire Notice of Assignment by Assignee of Right to Payments is a legal document that outlines the transfer of rights to receive payments from one party (the assignor) to another party (the assignee). It serves as an official notification to the debtor or the party responsible for making the payments. This notice is typically utilized in various situations, including debt collection, factoring agreements, loan assignments, or when an individual or business needs to assign their right to receive payments to another party for any valid reason. The content of a New Hampshire Notice of Assignment by Assignee of Right to Payments generally includes the following key elements: 1. Heading: Begin the notice by clearly stating "Notice of Assignment by Assignee of Right to Payments" at the top. 2. Parties Involved: Identify both the assignor (the party transferring the right to receive payments) and the assignee (the party being assigned the right to receive payments). Include their full legal names, addresses, and contact information. 3. Debtor Information: Provide details about the debtor, including their name, address, and any relevant account or contract numbers associated with the payment obligations. 4. Effective Date: Specify the date when the assignment of the right to receive payments becomes effective. This is often the date on which the notice is signed. 5. Assignment Details: Clearly state the rights being assigned, including a description of the debt/obligation being assigned, the specific payments affected, and any limitations or conditions associated with the assignment. 6. Consent: Confirm that the assignor agrees to transfer the right to receive payments to the assignee. 7. Governing Law: Specify that the notice is being issued in accordance with the laws of the state of New Hampshire. 8. Signature and Date: Both the assignor and the assignee should sign and date the notice, indicating their agreement to the assignment. Different types of New Hampshire Notice of Assignment by Assignee of Right to Payments may vary based on the specific context or purpose of the assignment. Some common variations include: 1. Notice of Assignment by Assignee of Right to Mortgage Payments: Used when a mortgage holder assigns the right to receive mortgage payments to another party, such as in a mortgage assignment or loan transfer. 2. Notice of Assignment by Assignee of Right to Lease Payments: Utilized when a landlord transfers the right to receive rental income from a lease agreement to another party, often in the case of property management or lease assignments. 3. Notice of Assignment by Assignee of Right to Royalty Payments: Used in situations involving the assignment of royalties, such as in the music or publishing industry, where one party transfers their right to receive royalty payments to another party. It is essential to consult with legal professionals or resources to ensure that the New Hampshire Notice of Assignment by Assignee of Right to Payments complies with state laws and meets the specific requirements of the assignment being made.
