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In Florida, a contractual right is assignable unless: The assignment is prohibited by statute or on public policy grounds (see, for example, Law Office of David J. Stern, P.A. v.
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.
Land contracts in Florida are a perfectly legal and binding alternative to traditional real estate financing methods.
Purchasers, Executors, Heirs and Assigns For many years, it has been generally accepted in Florida law that a land sale contract can be assigned.
An assignment of contract occurs when one party to an existing contract (the "assignor") hands off the contract's obligations and benefits to another party (the "assignee"). Ideally, the assignor wants the assignee to step into his shoes and assume all of his contractual obligations and rights.