Assignor

Definition: The assignor is the party transferring a right or interest to another party through an assignment.

Example

When a buyer permissibly assigns purchase rights to a replacement buyer, the original buyer is the assignor.

Keep the distinction clear

Transferring rights does not by itself release the assignor from existing obligations. A release or novation is a separate issue, and the agreement may restrict assignment.

Related terms

Assignee · Assignment · Novation

Keep studying

Valid, Void, Voidable, and Unenforceable Contracts

References: Cornell LII: assignment

Pronunciation (US): as-uh-NOR (capitals show stress)

Pronunciation reference: Merriam-Webster