Assignable (adjective): capable of being assigned or allocated to someone or something.
Example: The tasks in the project were easily assignable to different team members based on their skills and expertise.
Synonyms: allocable, transferable, distributable, apportionable.
Assignable refers to the ability to transfer or assign rights, obligations, or interests to another party. In legal terms, an assignable contract or agreement allows one party (the assignor) to transfer their rights and obligations to a third party (the assignee). This transfer typically requires the consent of all parties involved and may be subject to certain conditions or restrictions outlined in the original contract.
Assignability is an important concept in various legal contexts, such as contracts, leases, intellectual property rights, and financial instruments. It allows parties to transfer their rights or interests to others, providing flexibility and facilitating transactions. However, not all contracts or rights are automatically assignable, as some may contain specific provisions prohibiting or limiting assignment.
When a contract is assignable, the assignor typically remains liable for any obligations or liabilities that arose before the assignment, unless otherwise agreed upon. The assignee assumes the rights and obligations of the assignor and becomes a party to the contract. This transfer of rights and obligations is often accomplished through a written assignment agreement, which outlines the terms and conditions of the assignment.
It is important for parties involved in a contract to carefully review its assignability provisions and seek legal advice if necessary. Assignability can have significant implications for the rights and obligations of the parties involved, and any assignment should be conducted in accordance with the applicable laws and contractual provisions.
1. What is Assignable?
– Assignable is a project management tool that helps teams collaborate and manage tasks efficiently.
2. How does Assignable work?
– Assignable allows users to create projects, assign tasks to team members, set deadlines, track progress, and communicate with team members.
3. Is Assignable easy to use?
– Yes, Assignable is designed to be user-friendly and intuitive, with a simple and clean interface.
4. Can I use Assignable on my mobile device?
– Yes, Assignable is available on both iOS and Android devices, making it easy to manage tasks on the go.
5. Can I integrate Assignable with other tools?
– Yes, Assignable offers integrations with popular tools like Slack, Trello, and Google Drive, among others.
6. How secure is Assignable?
– Assignable takes security seriously and uses industry-standard encryption to protect user data.
7. How much does Assignable cost?
– Assignable offers a range of pricing plans, starting from $9 per user per month for the basic plan.
8. Can I try Assignable before purchasing?
– Yes, Assignable offers a free trial period for new users to test out the platform before committing to a paid plan.
9. Does Assignable offer customer support?
– Yes, Assignable offers customer support via email and live chat, with a dedicated support team to help users with any issues or questions.
10. Is Assignable suitable for small businesses?
– Yes, Assignable is designed to be scalable and can be used by teams of any size, making it a great option for small businesses looking to improve their project management processes.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 11th April 2024.
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