Definition from Nolo’s Plain-English Law Dictionary
1) A transfer of property or ownership rights from one person to another, called the "assignee." For example, a lease may be assigned from one tenant to another. Or, ownership rights for a patent, copyright, trademark, or trade secret may be transferred by assignment. 2) The property or rights that are transferred.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:11 pm