assignee Definition
a person, company, or organization to whom a right or property is legally transferred.
Using assignee: Examples
Take a moment to familiarize yourself with how "assignee" can be used in various situations through the following examples!
Example
The assignee of the contract will assume all obligations and benefits.
Example
The assignee of the patent can use it for commercial purposes.
Example
The assignee of the property will be responsible for its maintenance.
assignee Synonyms and Antonyms
Synonyms for assignee
Phrases with assignee
a legal principle that prevents an assignee from denying the validity of the assignment
Example
The assignee estoppel doctrine prevents a party from claiming that an assignment is invalid.
the legal responsibility of an assignee to fulfill the obligations of an assigned contract
Example
The assignee liability clause in the contract ensures that the assignee will be responsible for fulfilling the obligations of the contract.
a legal arrangement where a debtor transfers their assets to an assignee who then sells them to pay off creditors
Example
An assignee for benefit of creditors is appointed by a court to manage the sale of a debtor's assets.
Origins of assignee
from Old French 'assigner', meaning 'to assign'
Summary: assignee in Brief
'Assignee' [ˌæsaɪˈniː] refers to a person, company, or organization to whom a right or property is legally transferred. It is often used in legal contexts, such as contracts and patents, and denotes the recipient of the transfer. Phrases like 'assignee estoppel' and 'assignee liability' refer to legal principles that govern the responsibilities and obligations of the assignee.
