Assignment

In legal and contractual terms, an assignment refers to the transfer of rights or benefits from one party (the assignor) to another (the assignee). This means the original holder of certain rights, such as a contractual claim or property interest, voluntarily gives those rights to someone else. Assignments are common in various contexts, like transferring lease rights or contractual obligations. They do not usually transfer the original party's duties unless explicitly specified. Overall, assignment is a way to legally pass on one's rights, allowing the new party to enjoy or enforce them as if they were the original holder.