Legal Definitions - new assignment

A new assignment refers to a task, job, or appointment given to someone. It can also mean the transfer of rights or property from one person to another. For example, when a person transfers their stock options to someone else, it is called an assignment.

Here are some examples:

• John received a new assignment from his boss to lead a project.
• The aunt assigned the funds to her niece, who invested them in mutual funds.
• A company's trademark was transferred separately from the goodwill of the business, which is called an assignment in gross.

These examples illustrate how a new assignment can refer to a task or job given to someone, as well as the transfer of property or rights from one person to another.