Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Assignor definition

What does Assignor mean? The assignor is the party who transfers an asset or enforceable rights to another (the assignee) by assignment. The term is descriptive and used across legal contexts (for example, contract assignment, debt and receivables, intellectual property and lease assignments). It is not generally defined in legislation, though statutes and case law govern validity, effectiveness and priority. Across England & Wales, Northern Ireland and Ireland, a legal assignment of a chose in action typically requires a written assignment of the whole debt or right and notice to the debtor/obligor; otherwise the transfer operates in equity. In Scotland, the transfer is...

Assignments by way of security over choses in action: creation, statutory (LPA 1925 s136) and equitable forms, notice, priority, restrictions, and enforcement (England and Wales)

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Practice notes

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Assignments by way of security can take various 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 means of an equitable or statutory assignment used as security. This Practice Note explains the following:

what assignments by way of security are
which categories of assets they are typically used for
whether they take legal, statutory or equitable form and the advantages of the statutory form
why serving notice of an assignment by way of security matters

What is an assignment by way of security?

Assignments by way of security are a form of mortgage. They typically involve:

an assignment (ie transfer) of rights by the Assignor to the assignee, subject to
an obligation to reassign those rights back to the assignor upon the discharge of the obligations that have been secured

Once the secured obligations have been discharged, the assigned rights must then be transferred back to the assignor—for more detail, see Practice Note: Releasing security. This differs from a charge, which terminates automatically when the secured Liabilities are discharged. Assignments are frequently used to transfer Intangible assets...

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Web page updated on 21/05/2026

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