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What does assigns mean in legal terms?

Assign is the act of transferring rights, property, or other benefits to another party (the assignee) from the party who holds such benefits under contract (the assignor). This concept is used in both contract and property law.

What does its successors and/or assigns mean?

Successors and Assigns means a corporation or other entity acquiring all or substantially all of the stock, assets and/or business of the Employer whether by operation of law or otherwise.

What does short-term assignment mean?

Short-term assignments Short-term international assignments usually last between 3 and 12 months, and allow companies to transfer skills, knowledge and resources quickly and cost effectively, providing a quick response to business needs.

What means long-term assignment?

A long-term assignment (LTA) is defined as any assignment of 31 days or more in a single location a minimum of 50 miles away from an employees headquarters and primary residence.

What does assignment mean in a contract?

Assignment is a legal term whereby an individual, the assignor, transfers rights, property, or other benefits to another known as the assignee. This concept is used in both contract and property law. The term can refer to either the act of transfer or the rights/property/benefits being transferred.

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