Assignment

By: Martin M. Shenkman, CPA, MBA, JD

An assignment can be a legal document used to transfer ownership or rights. For example, if you have a business that leased a property or piece of equipment, and set up a new business, you may wish to assign or transfer the right to use that equipment or property to your new business. Thus, you could, assign the lease to the property to your new company. Before completing any assignment, you should carefully review the contract (e.g., lease) involved to see what pre-conditions you have to meet to being able to make an assignment effective.

Our Consumer Webcasts and Blogs

Subscribe to our email list to receive information on consumer webcasts and blogs, for practical legal information in simple English, delivered to your inbox. For more professional driven information, please visit Shenkman Law to subscribe.

Ad Space