Assignment of Contract Proceeds - SEC Is a legal term used in the context of the law of contract and of property. Assignment of the Sales Contracts in Process. The Company hereby assigns, transfers and sets over unto Seller all of the Company’s right, title and interest in, to and under the Contract Proceeds. 2. Miscellaneous.
Assignment of construction contracts - Designing Buildings Wiki In both instances, assignment is the process whereby a person, the assignor, transfers rights or benefits to another, the assignee. Assignment is the right to transfer 'choses in action' defined as 'all personal rights of property which can only be claimed or enforced by action and not by taking physical possession'. This definition includes benefits arising under a construction contract such as right to payment, but not burdens such as the obligation to pay.
Assignment of Contract Proceeds - Paragon Systems Inc. and. An assignment may not transfer a duty, burden or detriment without the express agreement of the assignee. Assignment of Contract Proceeds - Paragon Systems Inc. and LSQ Funding Group LC and Other Business Contracts, Forms and Agreeements. Competitive Intelligence for Investors.