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Simple English definitions for legal terms

naked assignment

Read a random definition: extraparochial

A quick definition of naked assignment:

A naked assignment is when someone transfers their rights or property to someone else, but they don't have any interest left in it. It's like giving away something without getting anything in return. This type of assignment is often not recognized by courts because it doesn't have any value. It's important to make sure that any assignment you make is done properly and for a good reason.

A more thorough explanation:

A naked assignment is a transfer of a company's trademark separately from the goodwill of the business. It is also known as an assignment in gross. Courts often hold that such an assignment passes nothing of value to the transferee.

For example, if a company sells its trademark to another company without selling the business itself, the trademark may not have any value without the goodwill of the business. This means that the transferee may not have any rights to use the trademark.

Another example of a naked assignment is when a welfare recipient surrenders their rights to child support in favor of the state as a condition of receiving governmental financial assistance. In this case, the recipient gives up their right to receive child support payments, and the state takes over the responsibility of collecting the payments.

Overall, a naked assignment is a transfer of a property or right that may not have any value without other associated assets or rights.

naked | naked authority

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lawguy we're nearly stats twins :D
13:13
I saw that, and I saw you got the Georgetown interview invite yesterday too! Goodluck!
you too haha, i was super surprised to have received one so early not gonna lie
i heard the group interview is really chill and I'm kinda excited to do it
seems cool
13:14
Yeah, 7sage has a page that talks about the questions for each schools interview, GULC's seems unique
13:15
Idk how much of an effect it has on admissions chances but should be cool either way
ive heard the conversion rate for gulc group interview is pretty high even moreso if you have the stats
it's hard to say but i've also heard that the group interview is harder to get than the alumni interview. but who really knows tbh
im p sure they don't interview everyone and getting one this early should be a great sign!
13:16
Yeah I've heard the same ab the group interview
13:17
So maybe I'll see you in D.C. a year from now lmao
initiallaw
13:32
Speaking of stat twins kazuyamishima were exact stat twins lol
17:13
Anyone going to the UGA zoom thing on the 22nd?
17:16
My bad, 24th*
Idk, what's it for?
@Law-Guy: How'd you get the Vandy fee waiver?
17:32
What does going ur3 in 3 days mean at Uva 😅
that you will get UR2 in 3 more
17:33
somethings gotta give
I’m new. What’s the UR and UR2?
17:35
I already went ur2. It’s the 3rd status date change
17:35
@RustyWrangler: attend one of their virtual info sessions and they'll send you a fee waiver
@Law-Guy: Awesome, thanks! I'll sign up rn!
i'm not entirely sure
They've recently been sending a lot of interview invites
It means status change?
17:47
Someone said there is a wl/r wave coming but how can that even be predicted 😭
17:48
Where?
Quillinit
17:50
This is obviously not true for UVA. Past years show they don't send any non A results until December
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