Webassign: [verb] to transfer (property) to another especially in trust or for the benefit of creditors. WebAssignment. The transfer of a right from one party to another. For example, a party to a contract (the assignor) may, as a general rule and subject to the express terms of a contract, assign its rights under the contract to a third party (the assignee) without the consent of the party against whom those rights are held. Obligations cannot be ...

Assign Definition & Meaning - Merriam-Webster

WebAssignor: A party or entity who transfers the rights of the contract they hold to another party (assignee) is called the assignor. Description: Assignor transfers the complete rights of ownership and benefits pertaining to the contract to the assignee. For instance, party A gives an absolute assignment to party B of an insurance policy of Rs 5 ... WebDec 19, 2024 · Assignor: A person, company or entity who transfers rights they hold to another entity. The assignor transfers to the assignee. For example, a party (the … motor protections

Assignment Practical Law

WebThe meaning of ASSIGNEE is a person to whom an assignment is made. a person to whom an assignment is made; a person appointed to act for another; a person to whom a right or property is legally transferred… WebASSIGNEE. One to whom an assignment has been made. 2. Assignees are either assignees in fact or assignees in law. An assignee in fact is one to whom an assignment has been made in fact by the party having the right. An assignee in law is one in whom the law vest's the right, as an executor or administrator. Co. WebAssignor and Assignee. An assignor is a person who transfers property rights or powers to another. An assignee is a person or entity to which property rights or powers are transferred. An assignee is the one to whom assignments are made. An assignor can limit the operation of his/her assignment and impose any condition that the assignor thinks ... motor protection settings