Be Wise › Contract glossary › Assignment
Assignment
Assignment is the transfer of contractual rights, such as the right to be paid, from one party to someone else. Obligations cannot be transferred by assignment alone — that needs a novation with everyone's consent.
In more detail
Most commercial contracts restrict assignment without the other party's consent, so each party knows who it is dealing with.
In Scotland
In Scotland the equivalent term is assignation. Since the Moveable Transactions (Scotland) Act 2023, an assignation of claims can be made effective by registration rather than only by notice to the debtor.
Put it into a contract
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England & Wales appScotland appReviewed 2026-09-24. General legal information, not legal advice.