assignment legal definition



Definition of assignment in the Legal Dictionary - by Free online English dictionary and encyclopedia. What is assignment? Meaning of assignment as a legal term. What does assignment mean in law?
Assignments made for consideration are irrevocable, meaning that the assignor permanently gives up the legal right to take back the assignment once it has been made. Donative assignments, on the other hand, are generally revocable, either by the assignor giving notice to the assignee, taking performance directly from
Definition of ASSIGNMENT: In contracts. 1. The act by which one person transfers to another, or causes to vest in that other, the whole of the right, interest, or property which he has in any realty or personalty, in possession or in action, or any share, interest, or subsidiary estate therein. Seventh Nat. Bank v. Iron Co. (C. C.) 35
Assignment in legal terms means the transfer of a property right or title to some particular person under an agreement, usually in writing. Unless an assignment is qualified in some way, it is.
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
1) A transfer of property or ownership rights from one person to another, called the "assignee." For example, a lease may be assigned from one tenant to another. Or, ownership rights for a patent, copyright, trademark, or trade secret may be transferred by assignment. 2) The property or rights that are transferred. Definition
An assignment of contract occurs when one party to an existing contract (the "assignor") hands off the contract's obligations and benefits to another party (the "assignee"). Ideally, the assignor wants the assignee ... FEATURED LISTINGS FROM NOLO. Featured Business Law Law Firms In Mountain View, CA change location.
Straightforward definitions. Definitions of English legal concepts that are clear and easy to understand, written at an intermediate level and designed especially for non-native speakers of English.
FindLaw Legal Dictionary. The FindLaw Legal Dictionary -- free access to over 8260 definitions of legal terms. Search for a definition or browse our legal glossaries. ... an assignment (as of property in which one has a future interest) that is not valid at law but that would be upheld in a court of equity general assignment
She completed the assignment and went on to other jobs. 2. a position of responsibility, post of duty, or the like, to which one is appointed: He left for his assignment in the Middle East. 3. an act of assigning; appointment. 4. Law. the transference of a right, interest, or title, or the instrument of transfer. a transference of property

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