Assignable
/əˈsaɪnəbəl/
Definitions
- (adj.) Capable of being assigned or transferred, especially in a legal context.
The contract includes a clause specifying that it is assignable only with prior consent.
Related terms
See also
Commentary
Often used in contracts to clarify if rights or duties may be delegated or transferred; precise drafting prevents ambiguity.
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.