Assignor

Assignor,

Definition of Assignor:

  1. Party that transfers a property or right (with their associated obligations and rights) to another (the assignee) under an assignment.

  2. An assignor is a person, company, or other entity who transfers rights that they hold to another entity. The assignor transfers to the assignee. For example, a party (the assignor) that enters into a contract to sell a piece of property can assign the proceeds or benefits of the contract to a third party (the assignee) such as a charity or a trust.

  3. A person who legally transfers a right or liability to someone else.

  4. Each type of assignment can carry a different set of regulations with certain assignments, such as intellectual property rights, having special conditions that must be met. An assignor may be the grantor of an assignment, a liability, or appoint somebody to act in the stead of another person or entity. For example, an executor of an estate may be appointed through a will left by a decedent. Power of attorney may be assigned to a person to tend to certain affairs for a person while they are out of the country or not capable of taking action for themselves.

How to use Assignor in a sentence?

  1. An assignor is one who legally transfers rights or benefits to another individual, the assignee.
  2. Assignors can often customize and detail the amount of control and what particular rights are assigned to a third party through the use of a contract or legal document such as a will.
  3. Assignment of rights often takes place upon death in order to manage the deceased's estate, or through a power of attorney to deal with legal or financial affairs of an individual.

Meaning of Assignor & Assignor Definition

Assignor,

What is The Definition of Assignor?

  1. A transfer is a person or organization that transfers rights to another party as property.

Meanings of Assignor

  1. Individuals who legally transfer rights or responsibilities to a third party.