An assignor is a person who transfers his or her rights or interests in a property to some other individual, who is designated by the term “assignee.” In this instance, the assignor would have some legal contractual right to use or own a property. By assigning his contractual interests, he or she gives the right of use or ownership to some other person. The assignor can typically do what he or she pleases with his or her property rights; in some cases, however, a no-assignment clause will prevent a person from assigning his or her rights in any property. These clauses are generally in place to protect parties who do not want to work with questionable assignees. In limited instances, the contract will dictate that the assignor can only assign his or her rights and interests to a limited number of people who are already approved by the other party in the contract.
