A promissory note is a written promise to pay a debt. An unconditional promise to pay on demand or at a fixed or determined future time a particular sum of money to or to the order of a specified person or to the bearer. As a general matter, assignments of contract rights are not required to use any special wording or to be in any particular form. Under the Uniform Commercial Code, an assignment of "the contract" or of "all my rights under the contract" or in similar general terms is an assignment of rights and, unless the language or the circumstances indicate the contrary, is a delegation of performance of the duties of the assignor. Acceptance of the assignment by the assignee constitutes a promise by the assignee to perform the duties delegated.
Assignment of Promissory Note For value received, I, (Name of Assignor), the undersigned Assignor, of (street address, city, state, zip code), do hereby assign to (Name of Assignee), the Assignee, of (street address, city, state, zip code), all of my interest in a promissory note dated (date), payable to my order in the face amount of $___________, and executed by (Name of Maker) of (street addres
Pages to are hidden for
"Assignment of Promissory Note - DOC"Please download to view full document