Illustrate Assignment of Rights
Illustrate what do you mean by Assignment of Rights?
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Contracts also affect 3rd parties when one party to contract gives away, or assigns, his/her rights to a third party. Rights assigned beneath contract are part of a larger categorization of rights to intangible property (such as patents, stocks, and contracts), called choses in action, distinguishable from rights to substantial property (land, goods), known choses in custody.
Write down an explanatory note on the OTCEI.
1. GML owns 92% of the issued shares in Explorer Ltd. The remaining 8% of the shares are held by five individuals, including a Mr Owen who owns 0.5% of the issued shares. Mr Owen is a high profile individual who has at times been critical of the Chinese government’s activities in the South China
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