Assigning is the act of transferring ownership or rights from one party to another. This process involves an assignor who executes the transfer and an assignee who receives it.
An assignee is a person, company, or entity to whom an agreement, contract, or right is sold, given, or transferred. This legal transfer allows the assignee to step into the shoes of the assignor and assume their rights and obligations under the original contract.
The transfer of a lease by the tenant (assignor) to another person (assignee). Leases are generally transferable at common law, although restrictions may apply.
An assignor is the party who assigns or transfers an agreement or contract to another entity or individual. In a legal context, this transfer of rights or interests enables the assignee to assume the assignor's privileges and obligations under the contract.
