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Assignment of Receivables

This document assigns money owed from one party (the Assignor) to another party (the Assignee). It acknowledges that the Assignor transfers all sums due from an agreement dated [DATE] to the Assignee. It is signed and witnessed. The Obligor also acknowledges notice of the assignment. Additionally, the Assignor assigns all interest and benefit in a statement of account to the Assignee and warrants that the account is due in full, no payment has been made, and there is no defense or right to set-off against the account.

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Bohdan Kozar
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0% found this document useful (0 votes)
132 views1 page

Assignment of Receivables

This document assigns money owed from one party (the Assignor) to another party (the Assignee). It acknowledges that the Assignor transfers all sums due from an agreement dated [DATE] to the Assignee. It is signed and witnessed. The Obligor also acknowledges notice of the assignment. Additionally, the Assignor assigns all interest and benefit in a statement of account to the Assignee and warrants that the account is due in full, no payment has been made, and there is no defense or right to set-off against the account.

Uploaded by

Bohdan Kozar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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ASSIGNMENT OF MONEY DUE

For good and valuable consideration, the undersigned hereby assigns, transfers and delivers to [NAME]
(the "Assignee"), all sums due or which shall become due and owing to the undersigned from [YOUR
COMPANY NAME] (the "Assignor") by reason of a certain agreement dated [DATE] by and between the
undersigned.

Signed under seal this [DAY] day of [MONTH], [YEAR].

Witness Assignor

Notice of the above assignment is hereby acknowledged on [MONTH], [YEAR].

Obligor

For value received, which is acknowledged, [YOUR COMPANY NAME] (the "Assignor") hereby assigns
all interest and benefit in the attached statement of account (the "Account") to [NAME] (the "Assignee").

The Assignor warrants to the Assignee that:

a) The Account is due and owing in its full face amount;

b) No payment has been made on the Account; and,

c) There is no defense to or right of set-off or counterclaim against the Account.

Given under seal on [DATE].

Signed, Sealed and Delivered in the Presence of:

For the Assignor The Assignee

Assignment of Money Due Page 1 of 1

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