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Simplify.
Assignee
An individual or entity to whom rights or interests have been transferred by another, often used in the context of contracts or legal claims.
Notify
To inform someone about something; to give notice.
Obligor
An individual or organization that is legally required to deliver a payment or service to another party as stipulated by a contract.
Assignment
The passage of control over assets, obligations, or rights from one person to another.
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