Assignment With A Returned Value In Cook
Category:
State:
Multi-State
County:
Cook
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment With A Returned Value In Cook is a formal document used to transfer rights to a specific debt from one party (the Assignor) to another party (the Assignee). This assignment acknowledges the receipt of value and outlines essential details about the debt, including the amount and due date. It emphasizes that this is a non-recourse assignment, placing the responsibility of debt collection solely on the Assignee while assuring that the Assignor warrants the validity of the debt. This form is particularly useful for attorneys, partners, and legal professionals involved in debt management and assignments. It assists them in ensuring that all rights and interests in a debt are properly conveyed and documented. Paralegals and legal assistants can benefit from understanding how to fill out this form accurately, as it involves specifying details about the debt and the parties involved. Users with limited legal experience will find the clear structure of the form approachable, guiding them through a straightforward process of assigning debts.
