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An Assignment, or an assignment of contract, is a document that allows one party to transfer the rights and benefits of a contract to another party.

Editor's Note: An assignment and assumption agreement assigns contractual rights or intangible personal property (such as intellectual property or goodwill) from one party, the assignor, to another party, the assignee, who will also assume at least some of the associated liabilities and performance obligations.

All parties must agree to the novation. So in summary, assignment allows the transfer of contractual rights, shares, IP, and other interests from one party to another through formal legal mechanisms. There are specific laws and procedures governing assignments in the context of company law.

Understanding an Assignment of Personal Property At its most basic, an assignment of personal property is a document or a portion of a document that assigns your interests in personal property to someone else. The assignment is often meant to take place at a point in the future, such as after you pass away.

Also called an assignment and assumption. An agreement in which one party transfers its contractual rights and obligations to another party.

Assignment is a legal term whereby an individual, the “assignor,” transfers rights, property, or other benefits to another known as the “assignee.” This concept is used in both contract and property law. The term can refer to either the act of transfer or the rights/property/benefits being transferred.

“Generally, service of process must be made by a sheriff, a sheriff's deputy, a constable, a constable's deputy, a private process server certified under the Arizona Code of Judicial Administration §7-204 and Rule 4(e), or any other person specially appointed by the court.

Under the new version of Rule 68(g), the sanctions against a party who fails to obtain a more favorable judgment than the offer is “twenty percent of the difference between the amount of the offer and the amount of the final judgment.” This change applies to offers of judgment served on or after January 1, 2022.

Step 1 Make three (3) copies of your Motion. Step 2 File the original motion with the Clerk of Superior Court and ask to have the 3 copies stamped. These are called “conformed copies” and serve as proof the original was filed.