Assignment of Money Due

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Assignment of Money Due

Assignment of Money Due

{{company_name}} {{company_address}} Phone: {{phone}} Email: {{email}} Website: {{website}}

DATE: {{date}}

PARTIES INVOLVED

This Assignment of Money Due ("Agreement") is made and entered into on this {{day}} day of {{month}}, {{year}}, by and between:

Assignor: {{assignor_company_name}}, a company duly incorporated under the laws of {{assignor_country}}, with its principal place of business at {{assignor_address}} ("Assignor").

Assignee: {{assignee_company_name}}, a company duly incorporated under the laws of {{assignee_country}}, with its principal place of business at {{assignee_address}} ("Assignee").

Debtor: {{debtor_company_name}}, a company duly incorporated under the laws of {{debtor_country}}, with its principal place of business at {{debtor_address}} ("Debtor").

RECITALS

WHEREAS, the Assignor is entitled to receive a sum of money from the Debtor pursuant to {{original_agreement_description}} (hereinafter referred to as "the Original Agreement").

WHEREAS, the Assignor desires to assign all of its rights, title, and interest in and to the money due from the Debtor to the Assignee.

WHEREAS, the Assignee desires to accept such assignment.

ASSIGNMENT

For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Assignor hereby irrevocably assigns, transfers, and sets over unto the Assignee all of its rights, title, and interest in and to the sum of {{currency}} {{amount}} ({{amount_in_words}}), due and owing from the Debtor to the Assignor under the Original Agreement, including all associated rights and remedies.

This assignment includes, but is not limited to, the right to demand, sue for, collect, and receive the aforementioned sum from the Debtor.

NOTIFICATION TO DEBTOR

The Assignor hereby authorizes and directs the Debtor to make all future payments of the aforementioned sum directly to the Assignee at the following address: {{assignee_payment_address}}.

The Debtor acknowledges receipt of this Assignment and agrees to make all future payments as directed herein.

REPRESENTATIONS AND WARRANTIES OF ASSIGNOR

The Assignor represents and warrants to the Assignee that:

a) The Assignor has the full right, power, and authority to enter into this Agreement and to perform its obligations hereunder.

b) The sum assigned is free and clear of any liens, encumbrances, or claims by third parties.

c) The Original Agreement is in full force and effect and the Assignor is not in default thereunder.

d) The Assignor has not previously assigned or encumbered the sum assigned herein.

INDEMNIFICATION

The Assignor agrees to indemnify and hold harmless the Assignee from and against any and all claims, demands, losses, liabilities, costs, and expenses (including reasonable attorney's fees) arising out of or in connection with any breach of the Assignor's representations and warranties contained herein.

GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of {{governing_law_country}}.

ENTIRE AGREEMENT

This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior discussions, negotiations, and agreements, whether written or oral.

SIGNATURES

IN WITNESS WHEREOF, the parties have executed this Assignment of Money Due as of the date first above written.

_____________________________

Assignor: {{assignor_company_name}}

By: _________________________

Name: {{assignor_signer_name}}

Title: {{assignor_signer_title}}

_____________________________

Assignee: {{assignee_company_name}}

By: _________________________

Name: {{assignee_signer_name}}

Title: {{assignee_signer_title}}

_____________________________

Debtor: {{debtor_company_name}}

By: _________________________

Name: {{debtor_acknowledgment_name}}

Title: {{debtor_acknowledgment_title}}

Date: {{acknowledgement_date}}