As long as there is consent from all parties, the teacher could assign their contract to another qualified piano instructor. Let’s say that a school hires a piano teacher for a monthly employment contract with a salary of $2000 per month. On the other hand, if subleasing the property, the new tenant would be given a limited term and no legal responsibility towards the property owner, only towards the original tenant.Īnother example of assignment can be seen within contract law. In other words, the new tenant would have a legal relationship with the landlord. If assigning it, the new tenant will be given the entire balance of the term, with no reversion to anyone else being possible. In this scenario, the tenant may be able to choose between assigning the lease to a new tenant or subleasing it.

For example, a tenant may be renting from a landlord but wants another party to take over the property.

Assignment ExamplesĪ common example of assignment within property law can be seen in rental agreements between landlords and tenants. Keep reading to learn how this important legal term is used both in contract and property law and to see relevant examples. Furthermore, the assignment can be carried out as a gift, or it may be paid for with a contractual consideration. The other original party to the contract is known as the “obligor”.Ī burden, duty, or detriment cannot be transferred as an assignment without the agreement of the assignee. The party allocating the rights is known as the “assignor”, while the one receiving them is called the “assignee”. Assignment is a legal definition that refers to the transfer of rights, property, or other benefits between two parties.

Meaning of assignment in english