Assignor Definition

GLOSSARY

Published by a ��Ӱ�� Banking & Finance expert

What does Assignor mean?

The entity disposing of an asset by an assignment.

View the related checklists about Assignor

Rights of light—identifying provisions in leases—checklist

Rights of light—identifying provisions in leases—checklist This Checklist sets out which clauses in a lease and other relevant documents should be reviewed to determine whether a right of light exists. A right of light is an easement that entitles a landowner to receive natural light through an aperture in a building on its property. The owner of the land that is burdened by the right of light (the 'servient Building') cannot interfere with it without consent. On any proposed development it is therefore necessary to identify any neighbouring properties potentially enjoying a right of light (the 'dominant Building'). For further information regarding rights of light, see the following Practice Notes: • Establishing and maintaining rights of light • Rights of light—obstruction notices • Rights of light claims • Rights of light—insurance for developers Section 2 of the Prescription Act 1832 (PA 1832) requires actual enjoyment of light, which means that a right of light can be acquired for their own benefit and in their own right by those with a...

Drafting terms for the sale of goods—business to business—checklist

Drafting terms for the sale of goods—business to business—checklist This Checklist is for drafting terms and conditions for the sale of goods. It sets out the key considerations when drafting business-to-business (B2B) standard form terms and conditions or a contract for the sale of goods. It considers the legal, regulatory and practical issues around the sale and supply of goods and is drafted with a seller/supplier bias. For general guidance on contracts for the sale of goods, see Practice Notes: Contracts for the sale and supply of goods—business to business and Implied terms in contracts for goods and services. For general guidance on key terms in commercial contracts more broadly, see Practice Note: Key terms and conditions in commercial contracts. General considerations Speak to departmental representatives within the business to establish any concerns they have and any customer feedback that should be addressed in the terms. Understand how the goods will be provided and any back-end processes, eg for delivery or returns, which need to be reflected in the terms....

Assignments by way of security

Assignments by way of security can take different forms and it is important to understand how they are created and their effect. Security over choses in action such as debts and other contractual rights is often taken by way of an equitable or statutory assignment by way of security. This Practice Note explains:•what assignments by way of security are•which types of assets they are used for•whether they take legal, statutory or equitable form and the advantages of the statutory form•why it is important to serve notice of an assignment by way of securityWhat is an assignment by way of security?Assignments by way of security are a type of mortgage. They involve:•an assignment (ie transfer) of rights by the assignor to the assigneesubject to:•an obligation to reassign those rights back to the assignor upon the discharge of the obligations which have been securedWhen the obligations that have been secured have been discharged, the assigned rights have to be reassigned back to the assignor. This is different to a charge which automatically...

VAT issues for lease assignments and terminations

VAT issues for lease assignments and terminations This Practice Note is about the VAT issues to consider on the assignment or termination of a lease. In this Practice Note, unless stated otherwise, termination means any form of termination of a lease, including surrender, exercising an option to break, forfeiture and disclaimer on insolvency. Must the seller account for VAT? VAT will be chargeable on a payment to a departing tenant (the seller) on an assignment or termination of a lease for consideration if the seller has opted to tax, unless: • the option is disapplied because of the type of property or its intended use (see Practice Note: Option to tax—disapplication for residential and other property) • the option is disapplied under anti-avoidance rules (see Practice Note: Option to tax—disapplication under anti-avoidance rules), or • it is a VAT-free transfer of a going concern (TOGC) (see Practice Note: Transfers of a going concern involving land and buildings) If the seller has not opted to...

Discover our 205 Practice Notes on Assignor

Notice of assignment of contract—from assignor

Notice of assignment of contract—from assignor [Headed notepaper of the assignor] To: [Insert name and address of recipient (ie the other party to the contract that was assigned)] [Insert date] Dear [insert name of other party to the contract that was assigned] Notice of assignment of contract We refer to the [insert name of contract or agreement] dated [insert date] between us and [insert name of recipient] relating to [insert specific purpose of agreement] (Contract). [As part of an internal reorganisation of our group of companies OR As a result of [insert the business background to the proposed assignment]], we hereby give notice that on [insert date of assignment] we assigned and transferred [[insert relevant benefits, rights etc] in the Contract OR all our rights, title, interest and benefit in the Contract, including all our rights to bring claims under the Contract,] to [insert the name of the assignee] (Assignee). The Assignee is a company incorporated in [England and Wales] under number [insert registered number] whose registered office is...

Share purchase agreement—pro-buyer—corporate seller—conditional—long form

Share purchase agreement—pro-buyer—corporate seller—conditional—long form This Agreement is made on [insert day and month] 20[insert year] Parties 1 [Insert name of selling corporate entity] incorporated in [England and Wales OR [insert country of incorporation] OR with registered number [insert company number] whose registered office is at [insert address] (the Seller); 2 [Insert name of purchasing corporate entity] incorporated in England and Wales OR [insert country of incorporation] OR with registered number [insert company number] whose registered office is at [insert address] (the Buyer), and 3 [Insert name of guarantor entity] incorporated in England and Wales OR [insert country of incorporation]] with registered number [insert company number] whose registered office is at [insert address] (the Guarantor) [(each of the Seller, the Buyer and the Guarantor being a Party and together the Seller, the Buyer and the Guarantor are the Parties).] Background (A) The Company (as defined below) is a private company limited by shares and is incorporated in [England and...

Dive into our 77 Precedents related to Assignor

How might the European Commission proposal for new conflict of law rules for assigned claims impact the secondary loan market?

How might the European Commission proposal for new conflict of law rules for assigned claims impact the secondary loan market? Summary This Q&A refers to the European Commission’s proposal for a Regulation on the law applicable to the third-party effects of assignments (the Proposal) published on 12th March 2018, which could have an impact on the market for trading participations in syndicated and bilateral loans. Both of the Loan Market Association (LMA) and the City of London Law Society made representations asking for the Proposal to be shelved or at least amended to accommodate current market practice in the secondary loan market. Their representations are available on their respective websites. It is fair to say that in its original form the Proposal would have disrupted the secondary loan market by making due diligence on the part of a buyer much more complicated for the reasons given below. The UK indicated on 9 July 2018, shortly after publication of this Q&A, that it would not opt in...

When drafting a consultancy services contract, is it possible for the consultant to add its agent as a third party to the contract entitling the agent to collect payments due to the consultant under the agreement as agent on behalf of the consultant?

When drafting a consultancy services contract, is it possible for the consultant to add its agent as a third party to the contract entitling the agent to collect payments due to the consultant under the agreement as agent on behalf of the consultant? We do not have a Practice Note which deals with the particular point raised in the question, but you may wish to consider the following. The agency arrangements between the principal (A) and its agent (C) In business matters, the rights and duties of principal and agent (in this case A and C) are normally set out in a written agency agreement. In addition to the matters set out in an agency agreement, the agent also owes the principal duties implied by law and fiduciary duties. In particular, money and other property held for a principal must normally be kept separate from the agent's own property, and all monies received by an agent on a principal's behalf must be paid over or accounted for on request. The...

See the 135 Q&As about Assignor

After the gold rush—chasing debts (Alphier Capital LLP v Blyvoor Gold Capital Ltd)

Commercial analysis: in this High Court judgment concerning two cross applications for strike-out and adding a party, the primary dispute related to an unpaid debt for investment consultancy services and the assignment of the sums due. The court decided that the prohibition of assignment clauses were valid and enforceable but that the claimant’s application to join the original assigning party should proceed thereby allowing the claim to continue. Written by Alexander Whatley, barrister at 3PB Chambers.

TMT weekly highlights—17 October 2024

Welcome to this week’s edition of the TMT weekly highlights: a hand-picked summary of news analysis, updates and new content from across the technology, media and telecoms sectors. These highlights focus on key topics including new technologies, software, cloud computing, internet, outsourcing, music, film & television, publishing, defamation and telecoms.

Read the latest 198 News articles on Assignor

Speed up all aspects of your legal work with tools that help you to work faster and smarter. Win cases, close deals and grow your business–all whilst saving time and reducing risk.

Case studies

"It really is saving us a huge number of hours over the days, weeks and months. Having more relevant support at hand, not having to draft or review documents them from scratch - it all adds up."

Southampton FC

Access all documents on Assignor

GET ACCESS NOW

Top

Trial

��Ӱ��

GLOSSARY