Assignment

Assignment is the legal process that gives the acquirer (assignee) the legal power over the assigned claim that was previously granted to the assignor (assignee). The act of assignment is a legal declaration of intent that must be received. A distinction is also made between assignment on account of payment and mere pledging.

Term-Nr.: 98

German: Abtretung (16)

Source: LK-Lötscher, 11.05.2020