View the list of Sample Business Letters Assignment of Income Disclaimer: Be aware that some of these sample letters have legal, financial, or other implications. If you are not sure about the use of any letter, consult with an appropriate professional first. Assignment of Income ASSIGNMENT OF INCOME FOR VALUE RECEIVED, the undersigned hereby assigns and transfers to _, all rights to proceeds, income, rentals, fees, profits or monies that shall be due the undersigned from _, under a certain contract described as: _ Signed under seal this _ day of _, 19_. _______________________________