Legal Definitions - assigner

The term assigner is synonymous with assignor. An assignor is an individual or entity who transfers a right, interest, or property to another party, known as the assignee. This transfer is typically done through a legal document called an assignment.

Here are some examples to illustrate the concept of an assigner:

• Example 1: Lease Agreement Transfer

  Imagine a tenant, Sarah, who has a lease agreement for an apartment. She needs to move out before her lease term ends and finds a new tenant, Mark, to take over the remainder of her lease. If the landlord agrees, Sarah can formally transfer her rights and obligations under the lease to Mark. In this scenario, Sarah is the assigner because she is transferring her contractual rights and duties (her interest in the lease) to Mark.

• Example 2: Royalty Rights for a Book

  A successful author, Mr. Chen, writes a new novel. He enters into a contract with a publishing house, granting them the exclusive right to publish and distribute his book. As part of this agreement, Mr. Chen transfers his right to receive future royalty payments directly from book sales to the publishing house, which will then pay him according to their contract. Here, Mr. Chen acts as the assigner of his future royalty income stream to the publishing house.

• Example 3: Business Contract Assignment

  A small software development company, "InnovateTech," has a contract with a client to develop a custom application. Due to unforeseen circumstances, InnovateTech decides to sell its business assets, including its ongoing contracts, to a larger technology firm, "Global Solutions." With the client's consent, InnovateTech transfers its rights and obligations under the development contract to Global Solutions. InnovateTech is the assigner, as it transfers its contractual rights and duties to Global Solutions, which becomes the assignee.