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Parol Evidence
A rule that prevents parties to a written contract from presenting extrinsic evidence of terms of the agreement that contradict, modify, or vary the contractual terms written in the document.
Assignor
In a contract, the party who transfers his or her rights to the contract to a third party (an assignee), giving the assignee the right to collect what was contractually agreed on in the original contract.
Assignee
In a contract, the party who receives the rights of another party (an assignor) to collect what was contractually agreed on in the original contract.
Prenuptial Agreement
An agreement two parties enter into before marriage that clearly states the ownership rights each party enjoys in the other party’s property. To be enforceable, the agreement must be in writing.
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