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What is an assignee?

Bar Exam Prep Contracts Third Parties What is an assignee?
🤔 Contracts • Third Parties K#181

Legal Definition

A non-party to the contract, who can enforce the contract due to the assignment.

Plain English Explanation

Imagine that Bob has an apple tree. Bob sells Sam the right to pick 1 basket of apples from his tree each month for $20 per month. Sam doesn't like apples, but Amy does. Sam sells Amy his rights for $25 per month.

In this example, Sam is the assignor, Amy is the assignee, and Bob is the obligor.

Visual Aids

What is an assignee?
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