Examlex
If a firm has a need for finance, it may sell an asset and lease it back.
Assignor
An assignor is a person or entity that transfers rights or interests in a particular property, contract, or other asset to another party, called the assignee.
Obligor
A contractual party who agreed to do something for the other party.
Merger Clause
A clause in a written agreement within the statute of frauds that states that the written agreement accurately reflects the final, complete version of the agreement.
Statute of Frauds
A legal principle that requires certain types of contracts to be written and signed to be enforceable.
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