Money Due To In Fulton
Category:
State:
Multi-State
County:
Fulton
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due form is a legal document used to transfer ownership of a right to collect a debt from one party to another. In this case, the 'Assignor' transfers all rights, title, and interest in a specified debt to the 'Assignee.' The form requires specific details regarding the debt, including the amount and due date. Its primary utility lies in ensuring that debts can be sold or transferred efficiently. The form is structured as a non-recourse assignment, meaning the Assignee assumes all responsibility for collection without recourse to the Assignor, who warrants the validity of the debt. The form should be completed with accurate details and dated upon execution to ensure clarity and enforceability. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who manage debt assignments in business transactions or debt recovery processes. By utilizing this form, users can ensure proper documentation in financial dealings, thereby minimizing legal risks associated with debt transfers.
