Assignment

"Does assignment require the debtor's consent?"

Quick Answer

The legal transfer of a right, property, or claim from one party (assignor) to another (assignee), frequently used for transferring receivables.

Scope and Legal Distinctions

Distinguish assignment of a claim from transfer of a contract or assumption of debt. These transactions change different legal relationships and may require different consents.

What to Check in Practice

Map the outgoing party, incoming party, debtor and continuing obligations. Record the agreed effective date, required form and any retained responsibility.

Sources & Authorities

Statutory framework and official guidance for this definition.

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