1. the quality or state of being able to be assigned, transferred, or delegated to another person or entity
Usage: commonly used in legal and business contexts

Examples

• The assignability of the contract depends on whether the original parties agreed to allow transfers.
• In property law, the assignability of leases is often restricted by the landlord.
• The assignability of intellectual property rights must be clearly stated in the licensing agreement.
• Courts have questioned the assignability of certain personal service contracts.
• The assignability of the debt was disputed between the creditor and the debtor.
• Insurance policies often limit the assignability of benefits to protect against fraud.