In the context of legal contracts, what is typically conveyed in an assignment?

In the context of legal contracts, an assignment typically conveys rights and obligations under the original contract. When one party assigns their interest in a contract to another party, they are transferring their rights to receive benefits or payments under that contract, as well as any obligations they may have under the agreement.

This transfer allows the assignee (the party receiving the assignment) to step into the shoes of the assignor (the party making the assignment) and exercise those rights and fulfill those obligations. However, it is important to note that while rights can be assigned, some obligations may remain with the original party unless specifically stated otherwise.

Understanding this concept is crucial for those in the funeral service profession, as it can impact how contracts for services, purchases of merchandise, or arrangements for pre-need services are administered and enforced.