Legal Definition
In a legal context, 'assign' refers to the formal transfer of rights, duties, or assets from one party to another. It establishes a new relationship where the original rights or obligations are legally transferred, often with specific limitations or conditions.
Plain-English Translation
Imagine you have something valuable (like a right to a piece of land or a debt) and you decide to officially give it to someone else. 'Assign' means formally transferring ownership or responsibility from you to them.