Notice to Account Debtor of Assignment

{{company_name}}

{{company_address}}

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

Notice to Account Debtor of Assignment

Notice to Account Debtor of Assignment

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

NOTICE TO ACCOUNT DEBTOR OF ASSIGNMENT

Date:

{{date}}

To:

{{account_debtor_name}}

{{account_debtor_address}}

From:

{{assignor_company_name}}

{{assignor_company_address}}

Subject: Notice of Assignment of Account Receivable

Dear {{account_debtor_name}},

Please be advised that effective {{effective_date_of_assignment}}, the account receivable due from you to {{assignor_company_name}} in the amount of {{amount_due}} (hereinafter referred to as the 'Account') has been assigned to {{assignee_company_name}} (hereinafter referred to as the 'Assignee').

This assignment includes all rights, title, and interest in and to the Account, including but not limited to, the right to demand, receive, and collect all payments due thereon.

Instructions for Payment:

Effective immediately, all future payments related to the Account must be made directly to the Assignee at the following address:

{{assignee_company_name}}

{{assignee_company_address}}

Please make all cheques or electronic transfers payable to '{{assignee_company_name}}'.

Any payments made to {{assignor_company_name}} after the effective date of assignment will not discharge your obligation to the Assignee and will be forwarded to the Assignee accordingly.

Acknowledgment:

We kindly request that you acknowledge receipt of this notice by signing and returning the enclosed copy of this letter within {{number_of_days}} days.

Should you have any questions regarding this assignment or your payment obligations, please contact {{contact_person_assignee}} at {{assignee_phone}} or {{assignee_email}}.

Sincerely,

{{assignor_company_name}}

Signature Block:

_____________________________

Name: {{assignor_signer_name}}

Title: {{assignor_signer_title}}

Acknowledged and Accepted by Account Debtor:

_____________________________

Name: {{account_debtor_signer_name}}

Title: {{account_debtor_signer_title}}

Date: _____________________