effective assignment

Definition of "effective assignment"
  1. A process where the original owner's interest in the property or right is completely ended and transferred to a new owner
How to use "effective assignment" in a sentence
  1. The legal documents confirmed the effective assignment of the property from the previous owner to the new one.
  2. The manager was responsible for creating an effective assignment of the leadership role within the organization.
  3. With the completion of the effective assignment, ownership of the patent rights passed to the new company.

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