Black's Law Dictionary(8th) personal obligation. 1. An obligation performable only by the obligor, not by the obligor's heirs or representatives. 2. An obligation in which the obligor is bound to perform without encumbering his or her property for its performance.
It is vital to distinguish the assignment of rights from the delegation of performance of duties. An obligee's transfer of a contract right is known as an assignment of the right. By an assignment, the obligee as assignor (B) transfers to an assignee (C) a right that the assignor has against an obligor (A). An obligor's empowering of another to perform the obligor's duty is know as a delegation of the performance of that duty. By a delegation, the obligor as delegating party (B) empowers a delegate (C) to perform a duty that the delegating party owes to an obligee(A). However, no particular language is necessary for an effective delegation of performance. Thus, the parties may not observe the distinction between the terms assign and delegate, and language by which one purports to "assign" one's duties may suffice to effect a delegation.
An assignee is a person or entity who receives the transfer of rights, ownership, or interest in property, contract, or other asset from another party. In legal terms, an assignee is the recipient of an assignment.
Assignee is a person whom right is transferred. Assignee is usually used in bank forms.
An assignee of a lien is the new lien holder.
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An assignee of record is an individual or entity to whom ownership rights of a patent or trademark have been legally transferred. Once an assignment is recorded with the relevant patent or trademark office, the assignee becomes the official owner of the intellectual property rights.
Be the assignee / inventor of the patent, or arrange a licencing agreement with aforementioned assignee / inventor. Neither occur quickly or easily.
No. Until he/she has citizenship of the country, absolute assignment by them is not permissible. Even an adoptive father/mother with citizenship of the country can be an absolute assignee.
I will compel him to tell the truth.I wish I could compel my cat to come when I call.