assignment for value
An assignment given in exchange for consideration.
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Search Results for: assignment for value
assignment in gross
A transfer of a company’s trademark separately from the goodwill of the business. • Courts often hold that such an assignment passes nothing of value to the transferee. — Also termed naked assignment. See ANTI-ASSIGNMENT-IN-GROSS RULEE. [Cases: Trade Regulation 93, 101.1. C.J.S. Trade-Marks, Trade-Names, and Unfair Competition §§ 9, 205.]
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assignee for value
An assignee who has paid for or otherwise given consideration for the assignment.
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gratuitous assignment
An assignment not given for value; esp., an assignment given or taken as security for — or in total or partial satisfaction of — a preexisting obligation. [Cases: Assignments 54. C.J.S. Assignments § 60.]
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warranty of assignment
An assignor’s implied warranty that he or she (1) has the rights assigned, (2) will do nothing to interfere with those rights, and (3) knows of nothing that impairs the value of the assignment. [Cases: Assignments 97. C.J.S. Assignments § 90.]
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lessee’s interest
lessee’s interest. The appraised value of leased property from the lessee’s perspective for purposes of assignment or sale. • The value is usu. the property’s market value minus the lessor’s interest. Cf. LESSOR’S INTEREST. [Cases: Landlord and Tenant 74. C.J.S. Landlord and Tenant §§ 30, 53.]
assignee
assignee ([schwa]-sI-neeor as-[schwa]-nee). One to whom property rights or powers are transferred by another. • Use of the term is so widespread that it is difficult to ascribe positive meaning to it with any specificity. Courts recognize the protean nature of the term and are therefore often forced to look to the intent of the
admeasurement
admeasurement (ad-mezh-[schwa]r-m[schwa]nt), n. 1. Ascertainment, assignment, or apportionment by a fixed quantity or value, or by certain limits (the ship’s admeasurement is based on its crew, engine, and capac-ity). 2. A writ obtained for purposes of ascertaining, assigning, or apportioning a fixed quantity or value or to establish limits; esp., a writ available against persons
gratuitous assignee
An assignee under an assignment not given for value.
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