Assignment of Money Due | UK

Assign and transfer your interest to collect a debt owing under a contract with this Assignment of Contract Debt form.

• The interest being assigned is a debt which arose under a contract to sell certain assets to another party who failed to follow through on the transaction.
• The third party (assignee) is purchasing the same assets and will acquire the right to collect the debt along with the property.
• The Assignment form is generic (not country specific) and can be used anywhere that does not have specific laws prohibiting or restricting such transactions.
• Available in MS Word format.

Factor the receivables of a business with this package of Assignment of Accounts Receivable forms which contains two templates:

1. Assignment with Recourse. The assignee has recourse to re-transfer back any customer account which is not paid in full within a specified time period, and the assignor will buy them back for the amount of the unpaid balance.
2. Assignment Without Recourse. The assignor does not have the option to take back the accounts if they remain unpaid. The right to collect the unpaid accounts remains with the assignee.

An assignment of your accounts receivable is a quick way to increase cash flow during slow periods. These are downloadable forms that you can use again and again.

Assign various loan documents from one lender to another with this Specific Assignment and Transfer of Loan Contracts.

• The assignee assumes the original lender's rights under the contracts.
• The assignee has no liability with respect to the assigned rights and no obligation to perform the lender's obligations.
• The document includes a Notice of Assignment form that must be sent to each borrower and to any other party that has an interest in the contracts.
• This is a generic legal form which does not contain references to specific countries or jurisdictions.
• The Specific Assignment and Transfer of Contracts template is a downloadable MS Word document and fully editable to meet your needs.