This form is a notice of assignment by assignor to obligor. 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. If the obligor does not know of the assignment and makes payments to the assignor who does not turn the money over to the assignee, the assignee cannot sue the obligor, but does have a remedy against the assignor. However, if the obligor both knows of the assignment and has been notified to make future payments to the assignee, any payments made by the obligor to the assignor have no effect and do not reduce the debt of the obligor.
Philadelphia, Pennsylvania is a vibrant city known for its rich history, diverse culture, and iconic landmarks. Located in the northeastern United States, this bustling metropolis offers a plethora of attractions, historical sites, and entertainment options for residents and visitors alike. In terms of legal documentation, Philadelphia Pennsylvania offers a Notice of Assignment by Assignor to Obliged for various purposes. This legal document serves to inform the Obliged, or the party who owes a contractual obligation, about the assignment of rights and responsibilities from the Assignor. There are different types of Philadelphia Pennsylvania Notice of Assignment by Assignor to Obliged that you may encounter, each with its specific context and application. Here are a few examples: 1. Notice of Assignment of Contract: This type of notice is used when there is a transfer of contractual obligations from the Assignor to the Obliged. It specifies the details of the assignment, including the names of parties involved, the terms of the original contract, and the obligations that have now been assigned. 2. Notice of Assignment of Debt: In situations where a financial debt is being assigned, this notice is used to inform the Obliged of the transfer. It outlines the amount owed, the new party that will be collecting payment, and any changes in payment terms or methods. 3. Notice of Assignment of Lease: When there is a transfer of leasehold rights from the Assignor to the Obliged, a notice of assignment of lease is issued. This notice informs the Obliged of the change in ownership or management of the property, as well as any updates or amendments to the lease agreement. 4. Notice of Assignment of Intellectual Property: This type of notice is applicable in cases where intellectual property rights, such as patents or copyrights, are being assigned from the Assignor to the Obliged. It details the specific intellectual property being assigned, the conditions of the assignment, and any restrictions or limitations. Regardless of the type of Notice of Assignment by Assignor to Obliged in Philadelphia, Pennsylvania, it is crucial to adhere to legal requirements and procedures mandated by the state. Consulting with legal professionals or accessing relevant resources provided by the city's legal departments can help ensure that the notice is correctly drafted and served to the Obliged to establish the validity of the assignment.
Philadelphia, Pennsylvania is a vibrant city known for its rich history, diverse culture, and iconic landmarks. Located in the northeastern United States, this bustling metropolis offers a plethora of attractions, historical sites, and entertainment options for residents and visitors alike. In terms of legal documentation, Philadelphia Pennsylvania offers a Notice of Assignment by Assignor to Obliged for various purposes. This legal document serves to inform the Obliged, or the party who owes a contractual obligation, about the assignment of rights and responsibilities from the Assignor. There are different types of Philadelphia Pennsylvania Notice of Assignment by Assignor to Obliged that you may encounter, each with its specific context and application. Here are a few examples: 1. Notice of Assignment of Contract: This type of notice is used when there is a transfer of contractual obligations from the Assignor to the Obliged. It specifies the details of the assignment, including the names of parties involved, the terms of the original contract, and the obligations that have now been assigned. 2. Notice of Assignment of Debt: In situations where a financial debt is being assigned, this notice is used to inform the Obliged of the transfer. It outlines the amount owed, the new party that will be collecting payment, and any changes in payment terms or methods. 3. Notice of Assignment of Lease: When there is a transfer of leasehold rights from the Assignor to the Obliged, a notice of assignment of lease is issued. This notice informs the Obliged of the change in ownership or management of the property, as well as any updates or amendments to the lease agreement. 4. Notice of Assignment of Intellectual Property: This type of notice is applicable in cases where intellectual property rights, such as patents or copyrights, are being assigned from the Assignor to the Obliged. It details the specific intellectual property being assigned, the conditions of the assignment, and any restrictions or limitations. Regardless of the type of Notice of Assignment by Assignor to Obliged in Philadelphia, Pennsylvania, it is crucial to adhere to legal requirements and procedures mandated by the state. Consulting with legal professionals or accessing relevant resources provided by the city's legal departments can help ensure that the notice is correctly drafted and served to the Obliged to establish the validity of the assignment.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.