Who is considered the assignee in a legal assignment?

In a legal assignment, the assignee is defined as the party who receives rights from the original assignment. This process involves one individual or entity (the assignor) transferring their rights or benefits in a contract to another individual or entity (the assignee). It is important to understand that the assignee acquires these rights, thereby granting them the ability to enforce the contract terms as defined in the assignment.

In this context, the assignor is the person who makes the assignment, and the original contracting party could refer to either the assignor or the party to whom the rights are transferred. The entity overseeing the assignment process does not hold the rights but may facilitate the transfer. Therefore, the designation of assignee specifically pertains to the party that receives the rights as a result of the assignment, solidifying their role in the transaction and the legal framework surrounding it.