equitable assignment

(law) An assignment that does not meet statutory requirements but that a court may nevertheless recognize and enforce in equity, that is, to do justice between the parties. If parties make an oral assignment that by statute must be in writing to be enforced, for example, a court may still enforce it as an equitable assignment, particularly if one party has acted in reliance on the assignment and would be harmed if it were not enforced. See assignment.

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