Which party is the one who grants rights in a contract assignment, and remains responsible for performance as originally agreed?

• A. Assignor
• B. Assignee
• C. Executed contract
• D. Formal contract

Answer: (A)

In a contract assignment, the person who transfers the rights is the assignor. The assignor grants those rights to another party (the assignee) but, by default, remains responsible for performing the contract as originally agreed. The assignee simply gains the right to receive the contract benefits, not automatically the obligation to perform, unless they explicitly assume those duties or a novation replaces the original party. The other terms listed aren’t parties to the agreement: the assignee is the recipient of rights, and executed or formal contract describe the contract’s status, not who grants rights.