anand das (service) 12 January 2010

Assignment meaning?

What is an assignment ?

and Deed of assignment?

which act , section describes this?

thanks

AEJAZ AHMED (Legal Consultant/Lawyer) 12 January 2010

Assignment

A transfer of property or ownership rights from one person to another, called the "assignee."

For example, a lease may be assigned from one tenant to another. Or,

Ownership rights for a patent, copyright, trademark, or trade secret may be transferred by assignment.

The property or rights that are transferred.

Deed of assignment

Agreement under which some or all assets of an insolvent debtor are assigned to a trustee, for selling them and distributing the sale proceeds equitably among the creditors.

Assignment of a part of the proceeds of a letter of credit by its beneficiary (usually an exporter or seller) to the manufacturer or producer (of the goods being exported or sold) as a guaranty of payment for those goods. Also called letter of assignment.

Kindly go through the below attached two Judgments

Attached File : 45 45 khardah company ltd vs raymon co 1 india private ltd.pdf downloaded: 366 times

AEJAZ AHMED (Legal Consultant/Lawyer) 12 January 2010

Kindly go through Paragraph - 8 and 9 of th attached file.

Attached File : 40 40 sethi construction company vs chairman managing director .pdf downloaded: 397 times

1 Like

V. VASUDEVAN (LEGAL COUNSEL) 13 January 2010

Thanks for the reference and judgement.

vasudevan

Shree. ( Advocate.) 13 January 2010

Dear Anand,

if you need more information regarding your query click the below Link.