View source for Assignment

{{a|boilerplate|}}The act of unilaterally passing your [[right]]s, but not your [[obligation]]s, to some other fellow.

'''Rights''': As a matter of {{t|contract}} law, one ''can'' assign one’s rights without one’s [[counterparty]]’s consent (broadly speaking, why should she care?), unless your [[contract]] states that you cannot, in which case you cannot.

'''Obligations''': One ''cannot'' unilaterally [[assign]] one’s obligations to anyone without one’s [[counterparty]]’s consent. This stands to reason, since another chap might not be as skillful, creditworthy or personally attractive as you. Therefore your [[counterparty]] must consent, and if {{sex|she}} does, it is called a “[[novation]]”.

{{assignment and set off}}

'''What about [[subrogation]] rights under a [[guarantee]]?'''
{{subrogation setoff}}

{{sa}}
*[[Assignment by way of security]]
*[[Novation]]
*[[Guarantee]]
*[[Subrogation]]