Examlex
The law of effect states that:
Assignment of Rights
The transfer of a party's rights under a contract to another party, allowing them to benefit from those rights.
Assignment
The transfer of rights, property, or obligations from one party to another, often seen in contracts or legal agreements.
Assignee
A person or party to whom rights, interests, or properties are legally transferred.
Assignor
An assignor is an individual or entity who transfers rights or interests in a contract or property to another party, known as the assignee.
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