Contractual Assignment. Power To Assign Mere Contractual Rights. An assignment of contract occurs when one party to an existing contract (the "assignor") hands off the contract's obligations and benefits to another party (the "assignee").
The construction of the alternate international airport at Weerawila is a vital component of the integrated Southern.
Contractual work is usually for a specified amount of time and ends upon completion of a project or assignment.
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Assignment of Contract Rights
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In simple terms, contractual assignment usually involves the transfer of the benet of one or more contractual rights from a contracting party (the assignor) to a third party (the assignee). In both instances, assignment is the process whereby a person, the assignor. The assignor must properly notify the assignee so that he or she can take over the contractual rights and obligations.