General Assignment of Accounts Receivable

This General Assignment of Accounts Receivable as Security is from an assignor to an assignee. Under this assignment the assignor assigns and transfer debts and claims of money due from accounts receivable to assignee. It also sets forth that assignee will not be liable for failure to collect on assigned property. A written General Assignment of Accounts Receivable as Security will be useful in the event of disagreements or misunderstandings between the parties. (continued ...)