ASSIGNMENT OF MONEY DUE

 

ASSIGNMENT OF MONEY DUE[CD1] 

 

FOR VALUE RECEIVED, the receipt and sufficiency of which are hereby acknowledged, the undersigned _____________________, , “Assignor”, does hereby grant, bargain, sell, convey, warrant and assign unto __________________, “Assignee”, all its right, title and interest in and to that certain debt or Money due described as follows:

Describe Debt. For example, Open Account from__________ to___________ in the amount of Rs.______________due on the _____ day of _____ , 20____ , as evidence by the attached documents.]

This is a non-recourse assignment and it is the responsibility of the Assignee to collect.  Assignor, however, warrants that the debt is a valid debt and will defend this warranty.

IN WITNESS WHEREOF, the undersigned has executed this assignment on this ________ day of _________________,20____ .

 

_____________________________

ASSIGNOR

 

______________________________

ASSIGNEE

 

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 [CD1]ASSIGNMENT OF MONEY DUE