What is the term for the means whereby one party conveys his rights in a contract to another who is not a party to the original contract?

The correct term for conveying rights in a contract to another party not originally involved in the contract is "assignment." An assignment occurs when one party, known as the assignor, transfers their rights and benefits under a contract to a third party, known as the assignee. This means that the assignee can now claim those rights directly from the other original party in the contract.

Assignment is a common practice in many contractual arrangements, allowing for the flexibility of rights without necessarily altering the entire contract. It is important to note that the assignor typically retains some obligations under the original contract unless there is an express provision stating otherwise.

In contrast, delegation refers to the transfer of duties or obligations under a contract to another party, which is a different concept. Novation involves the replacement of one of the parties in a contract with the consent of all parties, resulting in a new contract, while subrogation pertains to the right of one party to step into the shoes of another and pursue claims, often seen in insurance contexts. Understanding these distinctions is essential in the realm of contract law, especially for those in the field of funeral service education where various contractual agreements may be involved.