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Simple English definitions for legal terms
gratuitous assignee
Read a random definition: requirement for restriction
A quick definition of gratuitous assignee:
A gratuitous assignee is someone who receives an assignment without paying for it. An assignment is when someone transfers their rights or property to another person. If the assignee doesn't pay for the assignment, they are considered a gratuitous assignee. This term is important in legal situations where the assignee's rights or responsibilities are being discussed.
A more thorough explanation:
Definition: A gratuitous assignee is someone who receives an assignment (transfer of rights) without paying for it or providing anything in exchange.
Example: John decides to give his car to his friend, Sarah, as a gift. He writes a document assigning the ownership of the car to Sarah, but Sarah does not pay anything for it. In this case, Sarah is a gratuitous assignee.
This example illustrates the definition because Sarah received the assignment without giving anything in exchange. John gave the car as a gift, and Sarah did not have to pay for it or provide anything else in return.