Assignee definition

What does assignee mean? Can a document assignee? Definition of assignee. Assignee definition , a person to whom some right or interest is transferre either for his or her own enjoyment or in trust.

A person to whom a right or liability is legally transferred.

Assignment in the transfer from the assignor to the third-party assignee of the right to proceed directly against the debtor or obligor. I therefore find that the assignment was valid and the assignee could sue in its own name. A party to which a transfer of property , rights , or interest is made. The assignee receives the transfer from the assignor. For example, an assignee may.

Assignees are either assignees in fact or assignees in law. Australian history.

Collins English Dictionary. Synonycessionary. Origin of assigneeFrench assigné: see assign. Meaning of assignee.

Information and translations of assignee in the most comprehensive dictionary definitions resource on the web. One to whom an assignment has been made. While assigning contracts is common, not all contracts are transferable.

See also: Assignor. The person(s) or corporate body to whom all or limited rights under a patent are legally transferred. Find descriptive alternatives for assignee. In both instances, it encompasses the transfer of rights held by one party, the assignor, to another party, the assignee. The person (s) or corporate body to whom all or limited rights under a patent are legally transferred.

Assignee means a Non-citizen Assignee or a Person to whom one or more Limited Partner Interests have been transferred in a manner permitted under this Agreement and who has executed and delivered a Transfer Application as required by this Agreement, but who has not been admitted as a Substituted Limited Partner. However, the original tenant remains legally responsible if the assignee fails to pay. Person to whom a Membership Interest has been Transferred but who has not become a Substituted Member, and who has the rights set forth in Section 11.

Assignee signifies the person to whom or entity to which property rights or powers are transferred by another. The person to whom the rights of the policy are being transferred by the policyholder (assignor) is called the Assignee. Assignee in Insurance Detailed Explanation In Insurance, once the policy is purchased it can be transferred to other person or to any other legal entity at any point of time before maturity. It can also be a transfer of a benefit, including an equitable interest, according to established rules (at common law or in equity). An assignee is the one to whom assignments are made.

As a verb assign is (lb) to designate or set apart something for some purpose. In patent assignments, the assignor will make an instant profit off of selling its patent, while the assignee gets rights to royalties and all future profits from the invention. The preceding sentence does not affect rights of a consumer under subsection abor c of this section or any other provision of this subchapter.