Meaning of Assignment

What is Assignment:

It is known as assignment to the action of assigning, of delivering, a thing or right to some person, entity or organization, for example: assignment of assets, assignment of rights. The word cession is of Latin origin "Cessio".

In the field of law, assignment is the convention by which someone (assignor) transmits to another (assignee) his rights or credits by free or onerous title. In the case of transfer of hereditary rights, once the deceased dies, the heir can transmit to a third party all or a share of the hereditary universality.

Based on the foregoing, if the transfer of a particular thing is done by price it is under the figure of a purchase-sale contract, on the other hand, if it is free of charge, it will be before the figure of the donation. However, the transfer of rights is characterized by being:

  • Onerous or free of charge.
  • Consensual, that is, it is perfected with the manifestation of the consent of the contracting parties.
  • Formal, it must be held as required by law.
  • Transfer of rights.

The term cession in the sporting plane, is used in two contexts. In the first place, to indicate the transfer of a player to another club to play a certain season or time, without losing the contract with his team, for example: the Colombian Falcao was loaned for a certain time to the Manchester United team, without lose his contract with Monaco of France who he signed in 2013.

On the other hand, assignment is the passing of the ball with the foot by one of the players to his goalkeeper so that he can grab it with his hands.

The synonyms for assignment are: delivery, donation, offering, transfer, transmission, among others.

In English, the word cession can be "Cession", "transfer" or "assignment".

Transfer of territories

On the other hand, the cession of territories is one of the derived forms of acquisition of territory admitted in Public International Law. In this, as in the other forms of acquiring territories, the institutes of Public International Law assimilate, mutatis mutandi, the principles of corresponding institutes of Private Law.

The owner of the right (assignor) transfers to another (assignee) his rights to a property or an obligation, although it is also possible to acquire rights and exonerate obligations through the assignment. In this context, the transfer can also be for consideration, free of charge, and voluntary, but in general, it is imposed by peace treaties or others.

Ordinary assignment

The ordinary assignment is observed in the case of transmitting an exchange title not by means of the endorsement. This means is used when there is a clause "not to order", since the promissory note cannot be endorsed, which in the case of transmitting it to a third party, and this power to collect it, will have to be done through the ordinary assignment.

In this case, the rights of the assignor are transferred, consequently, the assignee will subrogate the rights and obligations of the assignor, and therefore, the same exceptions will be imposed.

Assignment and session

As a session, the period in which a certain activity takes place is known, such as: cinema session, photo session, among others. Likewise, session is used to indicate the holding of a conference or consultation between several individuals to make a decision on a certain matter.

For more information, see the article assignment and session.

Tags:  Expressions-Popular General Science