Debt Assignment Agreement — Step 7 of 8 — Online Contracts UK
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📑 Debt Assignment Agreement
Step 7/8
Step 7 of 8
Warranties
Assignor warranties
*
Select an option…
Warrants debt is legally valid and not statute-barred
Warrants no prior assignment or encumbrance
Warrants it has authority to assign — no other claims
All of the above
Recourse to assignor if debtor does not pay
*
Select an option…
No recourse — assignee takes on collection risk
Partial recourse — assignor refunds if uncollectable within 12 months
Full recourse — assignor repurchases if uncollected
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