Agreement for Assignment on Judgments

Sorry this is so long, but I need to know if this is legal in the state of utah, and if not where can I go to get it?

THIS CONSTITUTES THE ENTIRE AGREEMENT, entered into between *Plaintiff* of *address* herein after referred to as “JUDGMENT CREDITOR” and *Your Name* dba *Your Business Name* a *Your State Abbreviation* business, herein after referred to as “ASSIGNEE”.

JUDGMENT CREDITOR hereby agrees to assign all rights, interests in and title to the judgment whose Civil Action Number is: *Case Number*, and original judgment award amount is $ *amount* entered on or about *date* at *Name of Court House* against *Defendant*, herein after referred to as “JUDGMENT DEBTOR” to ASSIGNEE.

ASSIGNEE will advance all expenses for asset searches, skip tracing, related court costs, process serving and related collection fees. JUDGMENT CREDITOR will not incur or advance any expenses associated with the collection of said judgment. ASSIGNEE will retain, out of revenue collected, sufficient funds to satisfy advanced expenses prior to disbursement to either party, and petition the court to increase the judgment by an equivalent amount. Initial

Thereafter, amounts collected are disbursed as follows:

*00*% to *Plaintiff*, JUDGMENT CREDITOR, until such date as JUDGMENT CREDITOR has received a total of *00*% of the above mentioned judgment award amount from any combination of ASSIGNEE and JUDGMENT DEBTOR, Initial

AND all remaining amounts to *Your Name* dba *Your Business Name*, ASSIGNEE, until judgment is satisfied and canceled.

Funds will be disbursed to JUDGMENT CREDITOR within *Number of Agreed Upon Days* days of receipt.

JUDGMENT CREDITOR affirms that his/her interest in and title to said judgment is real, marketable, was legally obtained, has not been previously assigned, and has not been satisfied or canceled.

JUDGMENT CREDITOR affirms that he/she has, to date, received $00.00 as partial payment of this debt from JUDGMENT DEBTOR, and will IMMEDIATELY notify ASSIGNEE of any future receipts. From the date of this agreement, JUDGMENT CREDITOR will cease and desist all efforts to collect this judgment and recognize that ASSIGNEE has total and exclusive right to collect said judgment at its discretion.

By signing this agreement the undersigned JUDGMENT CREDITOR acknowledges that he/she had read, accepts, and fully understands the agreement, and is a duly authorized representative with all powers required to execute this agreement.


Executed this th day of , 19 .


*Plaintiff* ___________________________
JUDGMENT CREDITOR ASSIGNEE

___________________________ Authorized by: *Your Name*
By (Please Print) for *Your Business Name*

___________________________
Signature

[JETX]

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