Assignment of Rights
/əˌsaɪnmənt ʌv raɪts/
Definitions
- (n.) The transfer of contractual rights or interests from one party to another.
The assignment of rights in the lease requires the landlord's consent.
- (n.) A document evidencing the transfer of rights in property, intellectual property, or contractual benefits.
He signed the assignment of rights for the patent to the corporation.
Related terms
See also
Commentary
Assignment of rights typically does not transfer obligations; drafters should clearly distinguish assignment from delegation within agreements.
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.