Letter of Assignment of Accounts Receivable with Non-Recourse :

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FOR VALUE RECEIVED, the undersigned hereby assigns and transfers to (Name of the person or the company receiving the rights) all rights, title and interest in and to the account(s)receivable described as follows :


The undersigned warrants that the said account(s) are just and due and the undersigned has not received payment for same or any part thereof and has no knowledge of any dispute thereon; provided, however, that said account(s) are sold without recourse to the undersigned in the event of non-payment.

The undersigned further warrants that it has full title to said receivables, full authority to sell and transfer same, and that said receivables are sold free and clear of all liens, encumbrances or any known claims against said account(s).

This agreement shall be binding upon and inure to the benefit of the parties, their successors, assigns, and personal representatives.

Signed this day of :


Signed in the presence of :

Witness :

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