Assignment definition: Copy, customize, and use instantly
Introduction
The term "Assignment" refers to the transfer of rights, interests, or obligations from one party to another under a contract. It is a common practice in business and legal contexts, particularly when one party wishes to transfer its duties or benefits to another party. Assignment clauses are crucial in contracts to outline the conditions and limitations under which such transfers can occur.
Below are various examples of how "Assignment" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Assignment" as a transfer of rights
This definition ties "Assignment" to the transfer of rights under a contract.
"Assignment" means the transfer of any rights, interests, or benefits in whole or in part, under this agreement to another party, with or without compensation, as agreed by the parties.
Definition of "Assignment" as a transfer of obligations
This definition connects "Assignment" to the transfer of obligations.
"Assignment" refers to the transfer of obligations, duties, or responsibilities under this agreement from one party to another, and shall include both the delegation of duties and the acceptance of such duties by the assignee.
Definition of "Assignment" as prohibited without consent
This definition ties "Assignment" to restrictions on assignment without prior approval.
"Assignment" means the transfer of rights, interests, or obligations to another party, but no assignment may be made without the prior written consent of the other party to this agreement.
Definition of "Assignment" as conditional upon approval
This definition links "Assignment" to the requirement for approval.
"Assignment" refers to the transfer of any rights or obligations to another party, which is subject to the prior written approval of [specify party], and such approval shall not be unreasonably withheld.
Definition of "Assignment" as a transfer of performance rights
This definition ties "Assignment" to the transfer of performance under the agreement.
"Assignment" means the transfer of any right to perform services or deliver goods under this agreement, including the delegation of responsibilities to a third party, subject to the terms and conditions outlined in this contract.
Definition of "Assignment" as the transfer of intellectual property
This definition connects "Assignment" to intellectual property rights.
"Assignment" refers to the transfer of intellectual property rights, including copyrights, trademarks, patents, and other proprietary rights, from one party to another, under the conditions set forth in this agreement.
Definition of "Assignment" as a sale of interest
This definition links "Assignment" to the sale of interests or stakes in a business.
"Assignment" means the sale or transfer of an interest, ownership stake, or share in the business or assets of the assignor to the assignee, subject to the terms and conditions specified herein.
Definition of "Assignment" as an assignment of contract rights
This definition ties "Assignment" to contract rights.
"Assignment" refers to the transfer of any rights or benefits under this contract to a third party, without relieving the assignor from its obligations under the contract, unless otherwise specified.
Definition of "Assignment" as non-transferable without consent
This definition connects "Assignment" to non-transferability restrictions.
"Assignment" means the transfer or delegation of any rights, interests, or obligations under this agreement, which shall not be made without the express prior written consent of the other party.
Definition of "Assignment" as an agreement-based transfer
This definition applies "Assignment" to specific agreements.
"Assignment" means the voluntary transfer of rights, obligations, or benefits between the parties in accordance with the terms of this agreement, which shall govern the conditions of the transfer.
Definition of "Assignment" as a third-party assignment
This definition ties "Assignment" to third-party involvement.
"Assignment" refers to the transfer of rights, obligations, or benefits to a third party, who becomes bound by the terms of this agreement upon the assignment's execution.
Definition of "Assignment" as a sub-assignment
This definition connects "Assignment" to the concept of sub-assignments.
"Assignment" means the transfer of rights or obligations under this agreement, which may include the ability for the assignee to further assign these rights or obligations to another party (sub-assignment), subject to the terms set forth herein.
Definition of "Assignment" as a transfer of performance obligations
This definition ties "Assignment" to performance-related obligations.
"Assignment" refers to the transfer of obligations to perform under this contract to another party, with the assignor remaining responsible unless the agreement explicitly states otherwise.
Definition of "Assignment" as limited to specific rights
This definition connects "Assignment" to limitations on which rights can be assigned.
"Assignment" means the transfer of specific rights under this agreement, which may include but is not limited to, the right to receive payment, provided that such assignment does not transfer any of the assignor's other obligations or responsibilities.
Definition of "Assignment" as an assignment of lease rights
This definition applies "Assignment" to lease agreements.
"Assignment" refers to the transfer of leasehold rights, including the right to occupy and use the leased premises, from the tenant to a third party, subject to the landlord’s consent as required under the lease terms.
Definition of "Assignment" as the delegation of duties
This definition ties "Assignment" to the delegation of duties under the contract.
"Assignment" means the delegation of duties or performance obligations under this agreement to another party, with the assignor remaining ultimately responsible for the performance unless otherwise provided in the agreement.
Definition of "Assignment" as an assignment under a license agreement
This definition links "Assignment" to licenses.
"Assignment" refers to the transfer of rights under a license agreement, including the right to sublicense or assign intellectual property rights, provided such transfer complies with the terms of the agreement.
Definition of "Assignment" as an automatic assignment in certain events
This definition connects "Assignment" to automatic assignment triggers.
"Assignment" means the automatic transfer of rights, interests, or obligations under this agreement to a designated party, triggered by specific events such as bankruptcy, insolvency, or the sale of assets, as outlined in the agreement.
Definition of "Assignment" as permitted with notice
This definition ties "Assignment" to permission with notice.
"Assignment" refers to the transfer of rights, obligations, or benefits under this contract, which may be done with prior notice to the other party but without requiring their consent, unless otherwise specified.
Definition of "Assignment" as a transfer of contractual rights
This definition connects "Assignment" to the transfer of rights under a contract.
"Assignment" means the transfer of any contractual rights from one party to another, which may include but is not limited to, the right to receive payments or performance from the other party.
Definition of "Assignment" as a transfer of debt obligations
This definition ties "Assignment" to debt obligations.
"Assignment" refers to the transfer of any debt obligations from the assignor to another party, who assumes responsibility for repaying the debt according to the terms of this agreement.
Definition of "Assignment" as a transfer of proprietary rights
This definition links "Assignment" to the transfer of proprietary rights.
"Assignment" means the transfer of proprietary rights, including intellectual property rights, trademarks, copyrights, patents, or trade secrets, from one party to another.
Definition of "Assignment" as limited to specific assets
This definition connects "Assignment" to asset-specific transfers.
"Assignment" refers to the transfer of specific assets, including but not limited to equipment, inventory, or financial instruments, as outlined in the agreement.
Definition of "Assignment" as a conditional transfer
This definition ties "Assignment" to conditions for transfer.
"Assignment" means the transfer of rights or obligations, which is contingent upon the satisfaction of specific conditions outlined in this agreement.
Definition of "Assignment" as subject to approval
This definition applies "Assignment" to situations where approval is needed.
"Assignment" refers to the transfer of rights, obligations, or interests under this agreement, which is subject to the prior approval of [specify party], and such approval shall not be unreasonably withheld.
Definition of "Assignment" as a transfer in the event of default
This definition links "Assignment" to a default scenario.
"Assignment" means the transfer of rights, obligations, or interests in the event of a default or breach under the agreement, as outlined in the default provisions of the contract.
Definition of "Assignment" as an assignment of management rights
This definition ties "Assignment" to the transfer of management responsibilities.
"Assignment" refers to the transfer of management rights or control of operations from one party to another, in accordance with the terms of this agreement.
Definition of "Assignment" as an assignment in joint ventures
This definition connects "Assignment" to joint venture arrangements.
"Assignment" means the transfer of any rights, interests, or obligations related to the joint venture, which may be assigned with the consent of the joint venture partners, as specified in the agreement.
Definition of "Assignment" as the transfer of long-term contracts
This definition ties "Assignment" to long-term contracts.
"Assignment" refers to the transfer of long-term contracts, including any obligations or entitlements under such contracts, from one party to another, subject to the conditions set forth in the agreement.
Definition of "Assignment" as a transfer of leasehold interests
This definition links "Assignment" to lease agreements.
"Assignment" means the transfer of leasehold interests, including the right to occupy, use, or sublet the leased property, to a third party, with the landlord’s approval if required by the lease terms.
Definition of "Assignment" as an automatic transfer upon death
This definition ties "Assignment" to a transfer upon death.
"Assignment" refers to the automatic transfer of rights, interests, or obligations to the assignee upon the death or incapacity of the assignor, as specified in the agreement.
Definition of "Assignment" as a transfer under confidentiality agreements
This definition connects "Assignment" to confidentiality clauses.
"Assignment" means the transfer of rights or obligations under a confidentiality agreement, including the protection of confidential information, to another party, subject to the same confidentiality restrictions.
Definition of "Assignment" as a transfer of control
This definition ties "Assignment" to changes in control.
"Assignment" refers to the transfer of control over a company or assets, including voting rights, management authority, or operational control, as specified in the agreement.
Definition of "Assignment" as the transfer of licenses
This definition applies "Assignment" to licenses.
"Assignment" means the transfer of rights granted under a license agreement, including intellectual property rights or commercial rights, from one party to another.
Definition of "Assignment" as a transfer for financial consideration
This definition connects "Assignment" to financial exchanges.
"Assignment" refers to the transfer of rights, obligations, or interests from one party to another for a financial consideration, as agreed upon by the parties.
Definition of "Assignment" as an assignment under mergers and acquisitions
This definition links "Assignment" to M&A transactions.
"Assignment" means the transfer of rights, obligations, or assets to another party as part of a merger, acquisition, or sale of business interests, subject to the terms of the transaction agreement.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.