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LSDefine

Simple English definitions for legal terms

naked assignment

Read a random definition: realignment

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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Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
I've been UR since first/second week of Jan, no updates otherwise, is that a bad sign? At or above median LSAT and above 75th gpa.
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