A Contract Stating "I Assign All of My Rights Under

question 53

True/False

A contract stating "I assign all of my rights under the contract" will generally be construed to be an assignment of rights but not duties.

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Definitions:

Confidentiality

The obligation to protect sensitive information from unauthorized access or disclosure, ensuring privacy and security.

Competence

The ability or skill of an individual or organization to effectively perform or carry out a particular task or role.

Basic Information System

A foundational structure that collects, stores, manages, and distributes information for the purpose of improving decision-making and coordination.

External Users

Individuals or entities outside of an organization who are interested in its financial information, such as investors, creditors, and analysts.