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In a different kind of an example, a wage assignment is a forced payment of an obligation by automatic withholding from an employee’s pay.
Courts issue wage assignments for people late with child or spousal support, taxes, loans, or other obligations.
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A mortgage assignment document clarifies the assignment of contract and instructs the borrower in making future mortgage payments, and potentially modifies the mortgage terms. This benefits a relocating tenant wanting to end a lease early or a landlord looking for rent payments to pay creditors.
Once the new tenant signs the lease, taking over responsibility for rent payments and other obligations, the previous tenant is released from those responsibilities.
So an option seller with open positions is matched with the exercising buyer via automated lottery.
The randomly selected seller is then assigned to fulfill the buyer's rights. Once assigned the writer (seller) of the option will have the obligation to sell (if a call option) or buy (if a put option) the designated number of shares of stock at the agreed upon price (strike price).
A trademark owner transfers, gives, or sells another person interest in the trademark.
To be effective, an assignment must contain parties with legal capacity, consideration, consent, and legality of object.