What term is used to define a person who makes an assignment of contract rights?

The term used to define a person who makes an assignment of contract rights is "assignor." This is crucial in contract law and business transactions, where one party may transfer their rights or benefits under a contract to another party. An assignor is the original holder of the rights who decides to assign those rights to another individual or entity.

In the context of contracts, the assignor retains obligations unless specifically stated otherwise in the assignment, but they give up certain rights to the assignee. Understanding this term is important for anyone involved in contractual agreements, as it defines the relationship and responsibilities between the parties involved in the assignment process.

The other terms listed pertain to different roles: the assignee is the individual to whom the rights are transferred, the transferee typically refers to someone who receives a transfer of rights or property in a broader legal context, and a contractor usually refers to a party that enters into a contract to perform work or provide services. Each of these terms has distinct definitions and implications within contract law.