Form 70: Assignment of Rights

• Jurisdiction: United States

Form 70: Assignment of Rights

You can use this form to transfer property or money that you are entitled to receive (for example, under a contract or promissory note) to another person. This is called "assigning" your right to receive the property or money. In legal terms, you are the "assignor": the person transferring a right to property or money to another person, who is the "assignee." For example, if Bette signed a promissory note owing you money and you owe Roger money, you might assign your right to Bette's money to Roger. You are the assignor and Roger is the assignee. Or, you might assign your right to receive income from a book contract to your teenage son so that the money would be taxed in his bracket, not yours...