Assignability

Assignability refers to the ability to transfer rights or obligations from one person or entity to another. In simple terms, it means that if someone has a legal right or responsibility, they can give or "assign" it to someone else. For example, a tenant's right to rent a property can sometimes be transferred to another person. Assignability depends on the rules of the agreement or law—some rights are transferable, while others are not. It’s a key concept in legal and contractual contexts, ensuring that rights and duties can be reliably passed on when appropriate.