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.
Wyoming Notice of Assignment by Assignee of Right to Payments is a legal document that outlines the transfer of the right to receive payments from one party to another in the state of Wyoming. This notice serves as a formal notification to all parties involved, including the debtor and other interested parties, about the assignment of rights. Keywords: Wyoming, Notice of Assignment, Assignee, Right to Payments, transfer, legal document, formal notification, debtor, interested parties. Types of Wyoming Notice of Assignment by Assignee of Right to Payments: 1. General Notice of Assignment: This type of notice is used when an assignee is transferring the right to receive payments from a debtor in Wyoming to another party. It specifies the details of the assignment, such as the names of the assignor and assignee, effective date, and a brief description of the underlying agreement. 2. Notice to Debtor: This type of notice is specifically addressed to the debtor in Wyoming from whom payments are due to inform them of the assignment. It includes information regarding the new party entitled to receive payments and provides instructions on how payments should be made going forward. 3. Notice to Interested Parties: Sometimes, there may be other parties who have an interest in the assigned payments, such as joint creditors or parties with a security interest. This notice is sent to those parties in Wyoming to inform them about the assignment and any necessary actions they need to take. 4. Notice of Partial Assignment: In certain cases, only a portion of the right to receive payments is assigned to the assignee. This type of notice specifies the specific portion or percentage of the payments being assigned and provides instructions for the debtor on how to allocate payments. 5. Notice of Assignment of Future Payments: This notice is used when the right to receive future payments, which may arise from an ongoing agreement or contract, is being assigned. It outlines the details of the assignment and clarifies the timing and nature of the future payments to be made to the assignee. It is important to consult with a legal professional or utilize templates provided by authorized sources to ensure the accuracy and adherence to Wyoming's specific laws and requirements when drafting a Wyoming Notice of Assignment by Assignee of Right to Payments.
