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WordNet-Online
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Definitions from the WebAssignment ClausePart of Speech: Noun Sense: In contracts, a provision that allows one party to transfer or assign their rights or obligations to another party. Usage: This assignment clause is crucial as it ensures flexibility in business deals, allowing parties to transfer their contractual rights and duties to a third party. Sample Sentences:1. The assignment clause in the lease agreement allowed the tenant to transfer their lease to a different company. 2. Without an assignment clause, the company would not have been able to sell or assign their patents to another entity. 3. In the partnership agreement, the assignment clause restricted the partners from assigning their interests to anyone outside of the existing partnership. Related Products on Amazon: | ||||
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