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- Study the parties involved in a contract assignment
- Understand the rights of the assignee and assignor
- Learn the rights of an obligor
- Describe the revocability of an assignment
- Differentiate between delegation and assignment
- Identify the parties in a delegation
- Learn the duties that can't be delegated
1. Contract Assignment: Definition and Involved Parties
Contract assignment occurs when one party to a contract gives the obligations and benefits of the contract to another party. Assignment of rights occurs when one party to a contract gives the benefits of the contract to another party. This lesson explains what an assignment is and what parties are involved.
2. Parties in an Assignment: Rights of the Assignee, Assignor & Obligor
Assignments are common in contracts law. There will generally be at least three parties involved in an assignment. This lesson explains the roles and rights of the assignee, assignor, and obligor.
3. Revocability of Assignment: Definition & Explanation
A contract assignment means that one party transfers contract rights to another party. The type of the assignment determines if, and how, the assignment can be revoked. This lesson explains assignment revocability.
4. What is Delegation? - Definition, Parties & Duties
Delegation occurs when the responsibility and authority for performing a particular contractual duty is transferred to another party. This is different than an assignment. This lesson explains delegation, and the differences between delegation and assignment.
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