Examlex
When Megan attended the movies last night,she saw a commercial for Friedman's Furniture store as she sat waiting for the movie to begin.This commercial was an example of:
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.
Subrogation
The legal right of a third party, usually an insurance company, to pursue recovery of amounts paid for a claim from a liable party.
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