Kiritsis & Associates
By: John Kiritsis, Esq., CPA, MBA, MS, JD, LL.M
Generally, it refers to the person who upon a transfer by an assignment of a contract, receives the right to by property. The liability exposure of the assignee depends on many factors, such as laws of the specific jurisdiction, local legal customs, and the contract terms of the contract when the assignment took place. A common source of confusion when discussing assignees, is the failure to differentiate between an assignment and a delegation. An assignment essentially transfers all of the assignor’s rights on the property to the assignee. In contrast, in a delegation, the ‘buyer” merely appoints someone with the goal of fulfilling certain duties. Similarly, to assignments, there are delegations (i.e. the delegated services are specialized and unique, and thus practically impossible to successfully delegate). A common source of disputes arises due to the fact, that an assignment may not always shield the assignor from liability; this phenomenon can often arise from the original contract, making the assignor provide a personal guarantee, despite the assignor – assignee agreement. It is important for parties to review what they are signing. If an assignment clause is in place, then the options regarding consent should appear.
Law Offices of Kiritsis & Associates
Phone # 212 922 0005
Manhattan Office (Main Office):
633 Third Avenue
New York, NY 10017
Brooklyn Office (By Appointment Only):
1023 74th Street
Brooklyn, NY 11228
New Jersey Office:
7309 Ventnor Avenue
Ventnor, NJ 08406
ATTORNEY ADVERTISING. PRIOR RESULTS DO NOT GUARANTEE A SIMILAR OUTCOME.
We hope you would find this website useful with regards to finding potentially relevant information for your legal issue. The Law Offices of Kiritsis & Associates PLLC is a boutique law Firm Group headquartered in Midtown Manhattan, with offices in Manhattan, Brooklyn (NY) and New Jersey. We strive to provide professional legal services for individuals and various business entities. Our clientele ranges from including aspiring entrepreneurs, startups to established business organizations.
We offer flat fee prices for many of the practice areas provided listed throughout our website. For more information on the topic you may be interested, or simply to find out how our law Firm Group can help, you may click at any of our site's links.
We are available for existing and potentially new clients 7 days a week -- via online, phone and/or in person.
Intellectual Property Disclaimer(s):
The materials available through this website and any other websites owned by John Kiritsis (individually and collectively, the "Website") are the property of John Kiritsis and his entities, and are protected by copyright, trademark and other intellectual property laws. You may not use, reproduce, download, store, post, broadcast, transmit, modify, sell or make available to the public content from the Website without the prior written approval of John Kiritsis. Be aware that any unauthorized use of John Kiritsis trademarks and copyrighted content for commercial purposes in violation of John Kiritsis's intellectual property rights will be vigorously enforced. All other trademarks, service marks and trade names referenced in this site are the property of John Kiritsis.