Where a party to contract transfers his rights under the contract to another person, it is legally known as

Name: Where a party to contract transfers his rights under the contract to another person, it is legally known as
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Assignment of a contract refers to the act where a party to the contract (the assignor) transfers their rights or benefits under the contract to another person (the assignee). This does not transfer the assignor's obligations unless the other party to the contract agrees.

Where a Party to Contract Transfers His Rights Under the Contract