Appeal Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Appeal, written in plain English, along with examples of how it is used.
What is Appeal?
n. assignee is the person or party that gets a transfer of some rights held by one party, the assignor, via signing of some application.
History and Meaning of Assignee
An assignee is a person or entity that receives a transfer of rights from another person or entity called the assignor. These rights might be contractual or property-related. The concept of assignment has been present in the legal system for centuries. The fundamental principle is that a person is allowed to transfer his or her rights to another person. Assignments typically are used in commercial transactions, especially in the sale of businesses, patents and copyrights.
Examples of Assignee
John Smith wants to sell his patent for a new product to a company. He assigns the patent rights to the company, making the company the assignee of the patent.
An employer assigns their employee's wage to a third party to pay a debt owed.
A house owner sells their home with an active lease agreement in place an assigns the lease to the new buyer.
Legal Terms Similar to Assignee
- Assignor - the person who transfers their rights to another party.
- Delegation - the transfer of duties rather than rights.
- Novation - the process of ending a contract and creating a new one with a new party, taking over the rights and obligations of the original contract.
- Third-party beneficiaries - a person who benefits from a contract between two other people or entities, whether intentionally or not.