Unlock Unmatched Help in Assignment by Operation of Law
Assignment by operation of law is a legal concept that refers to the transfer of rights or obligations from one party to another without the need for a formal agreement or consent. It occurs automatically under a change in circumstances or legal status, rather than by the explicit action of the parties involved. ASSIGNMENT BY OPERATION OF LAW can arise in various situations, such as when a party to a contract dies, becomes incapacitated, or goes bankrupt, or when there is a merger or acquisition involving one of the parties.