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Assignment (law)Posted on:3/30/2006
| An assignment is a term used with similar meanings in the law of contracts and in the law of real estate. |
An assignment is a term used with similar meanings in the law of contracts and in the law of real estate. In both instances, it encompasses the transfer of rights held by one party - the assignor - to another party - the assignee. The legal nature of the assignment determines some additional rights and liabilities that accompany the act.
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