How Do I Assign the Right to Collect a Judgment in Illinois?
Full Question:
I meed to file a motion and order to make a change to payee on a corporation restitution. The corporation has been dissolved and an assignment entered into the minutes to transfer the balance of payments to the former corporate president. Where can i find these forms? The legal work was in Colorado.
12/18/2009 |
Category: Contracts ยป Assignments |
State: Illinois |
#20122
Answer:
Assignment in legal terms means the transfer of a property right or title to some particular person under an agreement, usually in writing. Unless an assignment is qualified in some way, it is generally considered to be a transfer of the transferor's entire interest in the thing assigned. The contract terms will govern your rights to assign, sell or otherwise transfer the right to collect payment. Any agreements made should be put in writing, as oral contracts present problems of evidence if there is a later dispute.
