Free Employee Assignment of Wages
This Wage Assignment is between an assignor and assignee in which assignor agrees to transfer and assign all salary, wages, bonuses and commissions to assignee in repayment of a debt. This assignment shall continue until all liabilities and obligations have been paid. This Wage Assignment must be signed by both assignor and assignee in the presence of witnesses.
Disclaimer:This was not drafted by an attorney & should not be used as a legal document.
This Wage Assignment (the “Assignment”) is made and entered into this ________________ day of __________________ 20______ , by and between _______________________________________of _____________________________, (the “Assignor”), and _________________________________of ___________________________________(the “Assignee”).
In consideration of the sum of _______________ Dollars and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledge, it is agreed by and between the parties that the Assignor hereby assigns, transfers and assigns to Assignee all of the salary, wages, bonuses, commissions and other wages or remuneration payable to the Assignee (“Assigned Wages”) by ___________________________ of ___________________________________________.
This Assignment shall continue in full force and effect from the date above written until the date upon which the Assignor has repaid in full to the Assignee all of the debts, liabilities and obligations owing to the Assignee, after which time this Assignment shall terminate.
The Assignor hereby warrants that it has full rights and authority to enter into this assignment and that the rights and benefits assigned hereunder are free and clear of any lien, encumbrance, adverse claim or interest by any third party.
This Assignment shall be binding upon and inure to the benefit of the parties, their successors and assigns.
This Assignment shall be governed by the laws of the State of ___________________, applicable to agreements executed and to be performed entirely therein.
Signed this ___________ day of ___________________, 20________.