An Assignment Agreement also termed as 'assignment of contract' happens when anyone who is a party to an existing contract decides to handover all the contract's benefits and obligations to another party. Here, the transferor is termed as the 'assignor' and the transferee is termed as the 'assignee'.
Assignments involve at least three parties. These parties are the assignee, the assignor, and the obligor. The assignee is the party that receives the rights and obligations under the contract, but wasn't an original party to the contract.
Whatever the agreement or contract might be called, the general idea is simple: one person (usually called the "Assignor") transfers to another person (usually called the "Assignee") ownership of or control over some asset or other property or an interest in some asset or other property.
The document is an assignment form where the Client grants AirHelp full ownership and legal title to their claim related to flight disruptions under Regulation 261/04 and the Montreal Convention 1999.
An assignment of contract is a legal clause that allows for one party of a contract to transfer the rights, obligations, and responsibilities of that contract to another party. The party who is giving away the responsibility of the contract is the assignor and the party receiving is the assignee.
This file is an assignment form for AirHelp clients to manage their claims related to flight delays or cancellations. It authorizes AirHelp to act on behalf of the clients pursuant to air passenger rights regulations. Users must fill it out to enable AirHelp to effectively handle their claims.