Definition

1. Noun:
   • A person or entity to whom a right, property, or interest is legally transferred: In law, an assignee is the party who receives an assignment from an assignor. This involves the transfer of contractual rights, ownership, or other legal interests.
   • A person appointed to act for another: An assignee can be someone authorized to perform duties or manage responsibilities on behalf of another party.

Usage Examples

• Noun:
  • The bank, as the assignee of the mortgage, now holds the right to collect payments.
  • Upon the author's death, her literary executor became the assignee of all copyrights.
  • The contract clearly names the consulting firm as the assignee for all technical support duties.

Advanced Usage

• "Assignee in bankruptcy": A specific type of assignee, often a trustee, appointed to manage and distribute the assets of a bankrupt individual or company.

  • The court appointed an assignee in bankruptcy to liquidate the company's remaining assets for its creditors.

• "Assignee for the benefit of creditors": A party assigned to take possession of a debtor's property to manage and sell it for the purpose of paying off creditors.

  • The struggling business entered into an agreement with an assignee for the benefit of creditors.

Variants and Related Words

• Assign (verb): To legally transfer a right or property to another.
  • The landlord will assign the lease to the new tenant.
• Assignment (noun): The act of assigning or the document that effects the transfer.
  • The assignment of the patent was recorded with the government office.
• Assignor (noun): The party who makes an assignment; the one transferring a right or property.
  • The original creditor is the assignor in this transaction.

Synonyms

• Transferee: One to whom a transfer is made.
• Grantee: One to whom a grant or property is conveyed.
• Recipient: One who receives something.

Related Phrases

• "Successors and assigns": A common legal phrase in contracts ensuring obligations and rights extend to future assignees and heirs.
  • This agreement is binding upon the parties and their respective successors and assigns.

Noun

1. (law) the party to whom something is assigned (e.g., someone to whom a right or property is legally transferred)