DIY Legal Forms

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Non-Recourse Receivables Assignment

Date: _____________________

FOR THE RECEIPT OF GOOD AND VALUABLE CONSIDERATION, all ownership rights and interest of ____________________ (hereinafter referred to as the Assignor) in the following accounts receivables: [Outline] are hereby conveyed and assigned to ___________ (hereinafter referred to as "Assignee").

This transfer is made pursuant to a contract between the Assignor and the Assignee dated on _____________, 20___. The Assignee acknowledges said assignment and transfer is without recourse for nonpayment of the assigned accounts receivables. The Assignee further acknowledges that said assignment is in complete satisfaction of the outstanding debt.