Law of Assignment

The Law of Assignment refers to the legal principle that rights or benefits under a contract can be transferred from one party to another. When someone assigns their rights, they are essentially giving up their interest in that contract so that another person can step in and claim those rights. However, certain contracts may have restrictions on assignment, like requiring approval or specifying that rights cannot be transferred. The law ensures that the process is clear and that both parties understand when and how rights are transferred, maintaining contractual integrity and fairness.