Assignment of a contract generally refers to:

a.Transferring one's contractual rights (such as the right to payment) to a third party
b.Canceling the contract entirely
c.Adding a liquidated damages clause
d.Delegating a duty to a third party to perform

Giải thích

An assignment is the transfer of a party's rights under a contract, such as the right to receive payment, to a third party (the assignee). It is distinguished from delegation, which is the transfer of a party's duties or performance obligations. Assignment does not cancel the contract or add clauses; it simply moves the benefit of the contract to someone else, subject to any contractual limits on assignment.

Luyện miễn phí toàn bộ 1605 câu hỏi — không cần đăng ký.

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Sen Lin, Người sáng lập PrepPass · Đối chiếu với California CSLB Contractor License Law & Business Exam · Quy trình kiểm tra
Người kiểm duyệt Abraham Chen Licensed California General Contractor (CSLB License #1101856 kiểm tra)
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