Assignment rights form 2025

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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.
General Rule An assignment of rights effectively makes the assignee stand in the shoes of. the assignor. He gains all the rights against the obligor that the assignor had, but no more.
An assignment of rights agreement is a written document in which one party, the assignor, assigns to another party all or part of their rights under an existing contract. The most common example of this would be when someone wants to sell their shares of stock in a company.
For example, if A owes B INR. 500 and B owes C a like amount, B has the right to receive from A and is under liability to pay C. B can ask A to pay directly to C and if A accepts, that will be an assignment of Bs right to C.
The transfer of a right from one party to another.
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Also, to enhance its enforceability, it is advisable to have the assignment agreement witnessed or notarized, depending on the jurisdictions legal requirements.

assignment of rights pdf