Assignee

Definition: The assignee is the party receiving a right or interest through an assignment.

Example

If a permitted assignment transfers a buyer’s purchase rights to Casey, Casey is the assignee.

Keep the distinction clear

The assignee receives what is transferred, subject to relevant limits. Do not assume an assignment automatically gives broader rights or releases the original party from liability.

Related terms

Assignor · Assignment · Novation

Keep studying

Valid, Void, Voidable, and Unenforceable Contracts

References: Cornell LII: assignee

Pronunciation (US): as-uh-NEE (capitals show stress)

Pronunciation reference: Merriam-Webster