Who is referred to as the party making the assignment?

The party making the assignment is referred to as the assignor. An assignor is the individual or entity that transfers rights or interests in a contract or obligation to another party. In the context of contracts, the assignor holds the original rights and responsibilities prior to the transfer and is actively involved in initiating this transfer to the assignee.

Understanding this term is crucial in contracts and legal matters, as it establishes who is responsible for the obligations before they are handed off. The assignor ensures that the party receiving the rights (the assignee) is aware of what is being assigned and of any conditions tied to that assignment.

In comparison to other roles, the delegate refers to someone appointed to act on behalf of another, which does not directly indicate the role of transferring rights. The assignee, on the other hand, receives the rights but is not involved in the assignment process itself. Lastly, the obligor is the party that has an obligation under a contract, which may or may not relate to the assignment being made.