Eligible Assignee definition: Copy, customize, and use instantly
Introduction
The term "Eligible Assignee" refers to a party who is legally permitted to receive rights or obligations under a contract. It is essential for clarifying which individuals or entities are allowed to step into the shoes of the original contract party, ensuring that assignments are properly handled and enforceable.
Below are various examples of how "Eligible Assignee" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Eligible Assignee" as a party entitled to receive rights under a contract
This definition ties "Eligible Assignee" to the transfer of rights under a contract.
"Eligible Assignee" means a person or entity to whom rights or obligations under a contract can be legally assigned, typically subject to certain conditions as specified in the contract. This party is legally capable of assuming the contractual responsibilities and enjoying the benefits initially held by the original party.
Definition of "Eligible Assignee" as a party authorized to assume contractual rights
This definition connects "Eligible Assignee" to contractual rights assumption.
"Eligible Assignee" refers to a person, entity, or group that is authorized, under the terms of a contract, to receive or assume rights, obligations, or benefits from the original party to the contract. The eligibility of the assignee may be subject to approval by the other party or specific conditions outlined in the agreement.
Definition of "Eligible Assignee" as a party who meets contractual assignment criteria
This definition links "Eligible Assignee" to assignment criteria.
"Eligible Assignee" means a party who meets the specific criteria set forth in a contract to receive the assignment of rights or obligations. These criteria may include financial qualifications, legal authority, or other requirements as established by the original parties to the contract.
Definition of "Eligible Assignee" as a permitted transferee under a contract
This definition applies "Eligible Assignee" to a transferee context.
"Eligible Assignee" refers to a transferee who is permitted, under the terms of a contract, to assume the rights or obligations of a party. This individual or entity must meet the conditions set by the original agreement for the assignment to be valid and enforceable.
Definition of "Eligible Assignee" as a qualified entity for rights transfer
This definition connects "Eligible Assignee" to qualifications for rights transfer.
"Eligible Assignee" means an individual or entity that qualifies under the terms of a contract to receive the transfer of rights or obligations. The contract may impose certain restrictions or conditions for the assignee to be considered eligible for such a transfer.
Definition of "Eligible Assignee" as a party with the legal capacity to receive assigned rights
This definition ties "Eligible Assignee" to legal capacity.
"Eligible Assignee" refers to a person or entity that has the legal capacity to accept the assignment of rights or obligations under a contract, ensuring that the assignment is enforceable and valid.
Definition of "Eligible Assignee" as a party designated by the contract for assignment
This definition links "Eligible Assignee" to the contract’s designated party.
"Eligible Assignee" refers to a person or entity specifically designated or identified within the contract as qualified to accept the assignment of rights or obligations. This may include certain legal or financial qualifications needed to fulfill the contractual terms.
Definition of "Eligible Assignee" as a party subject to approval for assignment
This definition connects "Eligible Assignee" to approval processes.
"Eligible Assignee" means a party that is subject to the approval of one or more parties to the contract before assuming the rights or obligations under the agreement. The contract may specify conditions under which such approval is granted.
Definition of "Eligible Assignee" as an approved assignee under specific conditions
This definition applies "Eligible Assignee" to approved transfers.
"Eligible Assignee" refers to a party who has been approved under the terms and conditions of the contract to assume the rights and obligations of the assignor. This approval may be contingent on meeting specific criteria outlined in the contract.
Definition of "Eligible Assignee" as a party capable of assuming responsibilities
This definition connects "Eligible Assignee" to the assumption of responsibilities.
"Eligible Assignee" refers to a person or entity who is capable of assuming the rights and obligations under the contract, fulfilling the terms and conditions set by the original party in the agreement.
Definition of "Eligible Assignee" as a party who can lawfully assume rights or obligations
This definition ties "Eligible Assignee" to lawful assumption of rights and obligations.
"Eligible Assignee" refers to a party who can lawfully assume the rights or obligations of the original contract party. The law permits such an assignee to step into the original party's position without breaching the terms of the agreement.
Definition of "Eligible Assignee" as an assignee meeting specific contract conditions
This definition connects "Eligible Assignee" to contract-specific conditions.
"Eligible Assignee" means a person or entity that meets specific conditions or requirements outlined in the contract for receiving an assignment of rights or obligations. These conditions may relate to financial stability, legal qualifications, or other factors.
Definition of "Eligible Assignee" as a third-party assignee with the capacity to fulfill the contract
This definition links "Eligible Assignee" to third-party assignments.
"Eligible Assignee" refers to a third party who has the capacity to fulfill the rights and obligations specified in the contract. This capacity may be defined by legal, financial, or operational criteria set forth in the contract.
Definition of "Eligible Assignee" as a third-party entity approved to receive rights
This definition applies "Eligible Assignee" to third-party entities.
"Eligible Assignee" refers to a third-party entity that has been approved by the contract's original parties to receive rights or obligations. This party must meet the approval requirements set by the contract before the assignment is finalized.
Definition of "Eligible Assignee" as a transferee who meets pre-established requirements
This definition connects "Eligible Assignee" to pre-established requirements.
"Eligible Assignee" refers to a transferee who satisfies the requirements outlined in the contract to receive the transfer of rights or obligations. These requirements may include certain legal qualifications, financial capabilities, or other stipulations.
Definition of "Eligible Assignee" as a person or entity with rights to receive an assignment
This definition ties "Eligible Assignee" to the right to receive an assignment.
"Eligible Assignee" refers to a person or entity that has the right to receive an assignment of rights or obligations under a contract. This right is usually determined by the terms of the contract and may require approval or compliance with specific conditions.
Definition of "Eligible Assignee" as a party whose assignment rights are acknowledged by the contract
This definition connects "Eligible Assignee" to contract acknowledgment.
"Eligible Assignee" means a party whose rights to receive the assignment of contractual obligations or benefits are acknowledged and permitted under the terms of the contract. The contract may set forth the conditions under which such an assignment can take place.
Definition of "Eligible Assignee" as a party capable of performing the duties outlined in the contract
This definition links "Eligible Assignee" to the performance of contractual duties.
"Eligible Assignee" refers to a party capable of performing the duties or obligations outlined in the contract. This may include possessing the necessary resources, authority, or legal capacity to carry out the terms of the agreement.
Definition of "Eligible Assignee" as a party whose assumption of rights is legally valid
This definition applies "Eligible Assignee" to the legal validity of the assignment.
"Eligible Assignee" means a party whose assumption of the rights or obligations under the contract is legally valid and enforceable. The contract ensures that the assignment meets all legal requirements for transfer.
Definition of "Eligible Assignee" as a third party approved to take on contractual responsibilities
This definition connects "Eligible Assignee" to third-party approval.
"Eligible Assignee" refers to a third-party individual or entity that has been approved to take on the responsibilities or benefits under the contract. This approval is often conditional, depending on the stipulations outlined in the contract.
Definition of "Eligible Assignee" as a party with the capacity to accept assigned obligations
This definition ties "Eligible Assignee" to the capacity to accept obligations.
"Eligible Assignee" refers to a person or entity that has the capacity to legally accept the assignment of rights or obligations under a contract. This capacity may be determined based on legal standing, resources, or other qualifying factors defined in the contract.
Definition of "Eligible Assignee" as a transferee who meets the contract’s eligibility criteria
This definition connects "Eligible Assignee" to contract eligibility criteria.
"Eligible Assignee" means a transferee who meets the specific eligibility criteria outlined in the contract. These criteria may include factors such as the transferee's financial stability, legal compliance, or other pre-set conditions for assignment.
Definition of "Eligible Assignee" as an individual or entity chosen for assignment
This definition links "Eligible Assignee" to selection for assignment.
"Eligible Assignee" refers to an individual or entity that has been chosen or designated to receive the rights and obligations of the contract. The selection is based on qualifications specified in the contract.
Definition of "Eligible Assignee" as a qualified recipient of rights under the contract
This definition applies "Eligible Assignee" to the qualification of recipients.
"Eligible Assignee" means a qualified recipient of rights or obligations under a contract. The qualifications may include legal capacity, operational capabilities, or other requirements as outlined by the original parties to the agreement.
Definition of "Eligible Assignee" as a party granted the right to accept an assignment
This definition connects "Eligible Assignee" to the grant of rights for assignment.
"Eligible Assignee" refers to a party who has been granted the right to accept an assignment of rights or obligations under the terms of a contract. This grant of rights is typically contingent on satisfying specific conditions specified by the contract.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.