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Key definition

Assignment definition

What does Assignment mean? In legal practice, an assignment is the transfer of an existing right (for example a debt, contractual right, receivable or intellectual property) from the assignor to the assignee. It may arise by agreement or by operation of law (such as insolvency or succession). The concept is descriptive and applied across contexts; in England and Wales it is framed by case law and statute. In England and Wales, a legal assignment of a debt or other legal chose in action requires compliance with section 136 Law of Property Act 1925 (typically: in writing, absolute and of the whole, with notice to the...

Assignment of Rights in Construction Contracts: Restrictions, Consent, Standard Forms and 'Subject to Equities' (England and Wales)

Published by a LexisNexis Construction expert

Practice notes

An Assignment is the passing of a right or Interest held by one party (the assignor) to another (the assignee), e.g. transferring the employer’s rights under a construction Contract to the buyer of the finished works. For this PrACTice Note, the counterparty to the contract in which rights are being assigned is termed the 'obligor'. For more on what an assignment is, why it occurs in construction, how it functions and the steps required to implement effective assignments, see Practice Note: Assignment in construction contracts. See also Practice Note: Legal and equitable assignment in construction contracts for guidance on the alternative methods by which parties may give effect to an assignment on construction projects (at law or in equity) and the prerequisites for each. Where a construction document, such as a building contract, collateral warranty or consultant appointment, says nothing about assignment, the rights under that contract can, in general, be transferred freely and unilaterally by an assignor to a third party assignee (as permitted by section 136(1) of the Law of Property Act 1925 (LPA 1925)), and there is no need to obtain...

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Web page updated on 21/05/2026

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