Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

assign

Read a random definition: savings-and-loan association

A quick definition of assign:

Assigning means giving something to someone else. This can happen in two ways: (1) giving someone else the rights and responsibilities of a contract you have with someone else, or (2) giving someone else the property you are renting from someone else. When you assign a contract, you are giving someone else the right to do what you were supposed to do and the responsibility to do it. For example, if you were supposed to teach someone guitar for $50, you could assign that contract to someone else who would then be responsible for teaching guitar and getting paid. There are rules about assigning contracts, like you can't assign a contract that hasn't been made yet, and the person you were supposed to do something for can sue the person you assigned the contract to if they don't do what they were supposed to do. When you assign property, you are giving someone else the right to use it for a certain amount of time. For example, if you were renting a house from someone, you could assign the rental agreement to someone else who would then be responsible for paying rent and living in the house. There are different rules for assigning property, like the person you assign it to might have different rights than you did, depending on how you assign it.

A more thorough explanation:

Assign is when one party transfers rights, property, or benefits to another party. This can happen in both contract and property law.

Under contract law, when one party assigns a contract, they are transferring both their rights and duties to another party. For example, if A contracts with B to teach B guitar for $50, A can assign this contract to C. Here, A is transferring their rights to the $50 and their duty to teach guitar to C. In this example, A is the "assignor," C is the "assignee," and B is the "obligor."

There are a few rules regarding assignments under contract law. First, you cannot assign your future right to an assignee if you have not yet secured the contract to perform duties to another. Second, you cannot assign rights if they materially change the obligor's duty and rights. Third, the obligor can sue the assignee directly if the assignee does not pay them.

Under property law, assignment typically arises in landlord-tenant situations. For example, if A is renting from landlord B but wants another party (C) to take over the property, A can choose between assigning and subleasing the property to C. If assigning, A would give C the entire balance of the term, with no reversion to anyone. Under a sublease, A would give C the property for a limited period of the remaining term.

Under assignment, C would have privity of estate with the landlord while under a sublease, C would not.

If A assigns their contract with B to C, C is now responsible for paying A the $50 and teaching guitar to B. If C does not pay A, B can sue C directly. If C does not teach guitar to B, B can sue C and then compel A to fulfill the duties under secondary liability.

asset purchase agreement | assigned risk

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
matt gaetz ethics report released
paid for sex with a junior in high school
guarantee people still defend him
BulbasaurNoLikeCardio
9:51
I only read headlines and skimmed a random article of it since I am the only one at work this week. Seems like he is Republican Hunter Biden but not at the paying rent with poop paintings stage
ImpartialLion
9:55
Sent in my transcript at 6 am today and it’s processing. Think it will be processed before lsac closes tmrw?
BulbasaurNoLikeCardio
9:58
I would say it is a toss up, for how much LSAC charges us for everything they are extremely efficient in processing and sending stuff out BUT with a 30% uptake in applicants and the holidays it may be significantly slower unless it is ran through and processed by a computer program. Even if it takes them longer to process it, not like there is anyone at a school to request and review it after LSAC does their thing
Do we know if any of the t14 open at all this week
just called Fordham. they said there will be decisions going out today
so congratulations on pre xmas waves
BulbasaurNoLikeCardio
10:27
Hope schools are chill and just send As leaving the Rs for next month lol
soap
10:49
Fingers crossed for good luck today
BulbasaurNoLikeCardio
10:56
@soap: really hoping to get that UTK call today
11:08
what if instead of a room of one’s own virgina Woolf wrote a cubicle of one’s own
UGA ED deferrals are coming out rn
Only 14 days left until HLS sends out their first wave of decisions. I'm thinking about re-using my advent calendar to help me count down
alcohol advent calendar for decisions sounds incredible
@Unrepentant-Caucasian: ur bio is crazy
11:41
@chickenburgahfart: cauc is the zezemzer with a plan
@chickenburgahfart: Thanks, I guess? lol
LSD+ is ad-free, with DMs, discounts, case briefs & more.