Assignment of Judgment

This is an agreement which transfers the rights and benefits of a court judgment from

one party to another. A person who has successfully obtained a court ordered judgment

(the "Assignor") can wholly transfer their interest in the judgment to a third party (the

"Assignee"). The Assignee must pay a purchase price for the Assignment of Judgment

and after execution of this document will be the exclusive owner of the rights and

benefits of the judgment. This agreement is ideal for small businesses or individuals

that want to sell or buy a court ordered judgment.

ASSIGNMENT OF JUDGMENT



THIS ASSIGNMENT ("Assignment”) is made on this ______ day of ______, 20____

[Instruction: Insert Date] (the “Effective Date”), by and between _______________________

[Instruction: Insert Name of Assignor], of _______________________ [Instruction: Insert

Address] (hereinafter referred to as "Assignor"), and _____________________, [Instruction:

Insert Name of Assignee], of _______________________ [Instruction: Insert Address]

(hereinafter referred to as “Assignee”). Assignor and Assignee are hereinafter cumulatively

referred to in this Assignment as the “Parties.”



WHEREAS, judgment (the “Judgment”) was entered on _________________ [Instruction:

Insert Date], in favor of Assignor against _____________ [Instruction: Insert Name(s) of

Judgment Debtor(s)] in Case Number ________________ [Instruction: Insert Case Number],

short-titled ___________________ v. ___________________ [Instruction: Insert Short Title

of Case], filed in the __________ Court [Instruction: Insert Court Name ] of the State of

______________ [Instruction: Insert Court State], County of _____________ [Instruction:

Insert Court County]. A true and correct copy of the Judgment is attached hereto as Exhibit

“A.” The Judgment [Instruction: Choose One: “has not been renewed” [or] “was renewed

on _________________ (Instruction: Insert Date), and a copy of the renewal is attached

hereto as Exhibit ‘B’”]; and



WHEREAS, the Assignee desires to purchase and take by assignment the Judgment and the

Assignor hereby agrees to sell and assign the said Judgment to Assignee.



NOW, THEREFORE, for and in consideration of the covenants and obligations contained

herein, and for other good and valuable consideration, the Assignor and Assignee represent and

agree as follows:



1. ASSIGNMENT



Assignor hereby, and without recourse, sells, assigns and transfers to the Assignee and

Assignee’s successors, assigns and personal representatives any and all of its right, title and

interest in Assignor has in and to the Judgment, under the terms and conditions set forth in this

Assignment. The rights represented by the Judgment that are assigned to the Assignee are the

rights of the Assignor to receive payments in satisfaction of the Judgment and all other rights

under the Judgment. This is an absolute assignment of the full amount of the Judgment in the

sum of _______________ Dollars ($______) [Instruction: Insert Judgment Amount], together

with accrued interest thereon at the legal rate from and after the date of entry of the Judgment.



2. PURCHASE PRICE



In consideration for the rights assigned to Assignee under this Assignment, upon the Effective

Date, Assignee agrees to pay Assignor the total sum of _______________ Dollars ($______)

[Instruction: Insert Purchase Amount].





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3. REPRESENTATIONS, WARRANTIES AND INDEMNIFICATION



A. Assignor makes the following representations and warranties to Assignee:



i. Assignor is the sole party in whose favor the Judgment was entered.



ii. As of the Effective Date, Assignor has not received any funds in satisfaction of the

Judgment [Instruction: Insert, If Applicable: except for the payments received on the dates

set forth in the schedule attached hereto as Exhibit “C”].



iii. Assignor has the right, power, legal capacity, and authority to execute and deliver this

Assignment and Acceptance Agreement and to perform all obligations required of Assignor

hereunder.



iv. As of the Effective Date, Assignor has made no previous assignment of the Judgment

to any other person or entity, has not transferred, excused or forgiven any part of the Judgment or

any person or entity obligated thereon, and there exists no attorneys’ lien on any part of the

Judgment.



v. As of the Effective Date, there is due, owing and payable on the Judgment the

following:



Principal $_______ Instruction: Insert Amount]

Interest $_______ Instruction: Insert Amount]

Costs $_______ Instruction: Insert Amount]

Attorney fees $_______ Instruction: Insert Amount]

Other $_______ Instruction: Insert Amount]



TOTAL $_______ Instruction: Insert Amount]



vi. No claim has been made known to Assignor as of the date of this Assignment which

seeks to attack, avoid, set aside or invalidate the interests which are being assigned herein, and

no appeal of the Judgment has been filed. The Judgment is fully enforceable and not subject to

any stay of enforcement. Further, Assignor has no knowledge of any defense, offset, or claim of

recoupment wit