Asked by
Whitley Smith
on Nov 27, 2024
Verified
Under an assignment of "all rights" on a contract, the assignor is absolved from any liability for performance under the contract.
All Rights
This term indicates that every possible right or privilege associated with a legal or contractual situation is retained, without limitation.
Assignor
The party in an assignment agreement who transfers rights or interests to another party, the assignee.
- Discern the consequences that an assignment or delegation has on parties such as obligors, assignees, and delegators.
- Identify the effects of the transfer of responsibilities or privileges on the original contracts of the concerned parties.
Verified Answer
KD
Learning Objectives
- Discern the consequences that an assignment or delegation has on parties such as obligors, assignees, and delegators.
- Identify the effects of the transfer of responsibilities or privileges on the original contracts of the concerned parties.