Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

assign

Read a random definition: discontinuous servitude

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
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
LSD+ is ad-free, with DMs, discounts, case briefs & more.