assignee
1 of 1noun/ˌæsɪˈni/
Forms:assignees
1
(law) a person or entity to whom property, rights, or obligations are transferred or delegated by another party through a legal assignment
- The assignee of the copyright was responsible for managing and enforcing the rights to the author's work.
- After signing the contract, the assignee became the new owner of the leased property and assumed all associated responsibilities.
- The assignee of the insurance policy was entitled to receive the benefits in case of a covered event, such as illness or accident.
- As the assignee of the mortgage, the bank had the right to foreclose on the property if the borrower defaulted on the loan.
- The assignee of the patent worked diligently to develop and market the innovative product, aiming to capitalize on its commercial potential.