Assignability
/əˌsaɪnəˈbɪləti/
Definitions
- (n.) The quality or state of being capable of being assigned, especially regarding rights or obligations under a contract.
The assignability of this lease depends on the landlord's prior consent.
Related terms
See also
Commentary
Assignability clauses are common in contracts to specify whether parties can transfer their rights or duties, which helps control contractual relationships and risk.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.