Help us to continue by your kind donation.
Assignment of Judgment
ASSIGNMENT OF JUDGMENT made this ________ day of ________ [Month] 20 __, between ________ [Name] of ________ [Address] hereinafter referred to as "Judgment Holder", and ________ [Name] of ________ [Address] hereinafter referred to as "Assignee", do hereby agree:
On _______ [Date], Judgment Holder recovered a judgment against debtor, in the ___________ County Civil Court, case number _________, in the original principal amount of $------ (Dollars).
Judgment Holder does hereby assign said judgment to Assignee without legal recourse or guarantee of financial payment.
In connection with this Agreement and the transactions contemplated hereby, Judgment Holder agrees to execute and deliver any additional documents and perform any additional acts that may be necessary or appropriate to effectuate and perform its obligations under this Assignment and the transactions contemplated hereby.
Each individual party to this Assignment represents and warrants to each other party that such party has read and fully understands the terms and provisions hereof, has had an opportunity to review this Assignment with legal counsel, and has executed this Assignment based upon such party's own judgment and advice of independent legal counsel.
If any provision of this Assignment is held to be illegal, invalid, or unenforceable under any present or future law, then that provision will be fully severable. This Assignment will be construed and enforced as if the illegal, invalid, or unenforceable provision had never comprised a part of this Assignment, and the remaining provisions of this Assignment will remain in full force and effect and will not be affected by the illegal, invalid, or unenforceable provision or by its severance from this Assignment. Furthermore, in lieu of each such illegal, invalid, or unenforceable provision, there will be added automatically, as a part of this Assignment, a provision as similar in terms to such illegal, invalid, or unenforceable provision as may be possible and be legal, valid and enforceable.
This Assignment contains the entire agreement of the parties and there are no other promises or conditions in any other Assignment whether oral or written. This Assignment supersedes any prior written or oral Agreement between the parties.
Assignor and Assignee's rights, duties, and obligations under this Instrument shall, unless otherwise required by the laws of [state], be governed by the provisions of the Uniform Commercial Code of [state], as in effect from time to time.
This Assignment shall be interpreted pursuant to the laws of the state of ______.
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed in triplicate on the day and year first above written.
ACKNOWLEDGEMENT BY NOTARY PUBLIC
State of ________)
On ________, before me, ________, Notary Public, personally appeared ________, who proved to me on the basis of satisfactory evidence to be the person(s) whose names(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies) and that by his/her/their signatures on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under the PENALTY OF PERJURY under the laws of the State of _________ that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Name of Notary
My Commission Expires