assignment

Intermediate ⚖️ Legal

Definition

A legal transfer of rights, property, or obligations from one party to another—basically handing someone else your problems on paper. Courts love these because they're documented proof you've officially made it someone else's circus.

Example Usage

The contract included an assignment clause allowing the original buyer to hand off the deed to a third party without the seller's permission.

Source: Legal terminology via Common practice

Related Terms

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See “assignment” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.

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