In an assignment of contractual rights, which parties are included?

In an assignment of contractual rights, the parties involved are the assignor, assignee, obligor, and obligee. The assignor is the party that transfers their rights under a contract, while the assignee is the party who receives those rights. The obligor is the party who is required to perform under the contract, and the obligee is the party who is entitled to receive performance. This relationship establishes a four-party structure where rights are transferred, but obligations remain intact.

Understanding the roles of these parties is crucial in contract law, as it clarifies how rights can be assigned without necessarily altering the underlying obligations. The assignor must have the legal right to assign their interest, and the assignee usually steps into the shoes of the assignor in relation to the rights transferred. Meanwhile, the obligor remains responsible for performing the obligations, regardless of the assignment, while the obligee benefits from the assignment by still being entitled to the performance.

This foundational structure is essential for recognizing how assignments operate legally and ensures that all parties involved understand their rights and responsibilities after the assignment takes place.