Examlex
When is an employer not required to offer an employee the option to continue medical benefits under the Consolidated Omnibus Reconciliation Act (COBRA) ?
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.
Nonperformance
Failure to fulfill a contractual duty or obligation.
Antiassignment Clause
A provision in a contract that prohibits one party from transferring its rights and obligations under the contract to another entity without consent.
Statute of Frauds
A legal principle that requires certain types of contracts to be in writing and signed by the party to be charged, to prevent fraud and perjury in contractual agreements.
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