Stock Assignment: Transferring Ownership Rights with Stock Power

1. introduction to stock assignment and stock power, 2. understanding ownership rights in stock, 3. the role of stock power in transferring ownership, 4. ways to obtain stock power, 5. filling out a stock power form, 6. executing a stock assignment, 7. legal considerations in stock assignment, 8. common mistakes to avoid in stock assignment, 9. conclusion and final thoughts on stock power and stock assignment.

Stock Assignment and Stock Power are two terms that are commonly used in the world of stocks and investments. They are often used interchangeably, but they refer to two different things. Stock assignment is the process of transferring ownership rights of a stock from one party to another, while Stock Power is a legal document that authorizes the transfer of ownership rights from one party to another. In this section, we will discuss in detail what Stock Assignment and Stock Power are, how they work, and why they are important.

1. What is Stock Assignment?

Stock Assignment refers to the transfer of ownership rights of a stock from one party to another. This process is typically used when an investor wants to sell their shares to someone else. The seller must sign an Assignment of Stock Certificate form, which is a legal document that transfers ownership rights to the buyer . The buyer must then present the form to the company's transfer agent, who will update the company's records to reflect the change in ownership.

2. What is Stock Power?

Stock Power is a legal document that authorizes the transfer of ownership rights from one party to another. It is typically used when an investor wants to transfer their shares to a family member or a trust. The seller must sign a stock Power form , which is a legal document that authorizes the transfer of ownership rights to the buyer. The buyer must then present the form to the company's transfer agent, who will update the company's records to reflect the change in ownership.

3. What are the differences between Stock Assignment and Stock Power?

The main difference between Stock Assignment and Stock Power is the purpose for which they are used. Stock Assignment is used when an investor wants to sell their shares to someone else, while Stock Power is used when an investor wants to transfer their shares to a family member or a trust. Another difference is the legal document that is used. Stock Assignment uses an Assignment of Stock Certificate form, while Stock Power uses a Stock Power form.

4. What are the benefits of Stock Assignment and Stock Power?

The main benefit of Stock Assignment and Stock Power is that they provide a legal framework for transferring ownership rights of a stock from one party to another. This ensures that the transfer is done legally and that the new owner has full ownership rights to the stock. It also ensures that the company's records are updated to reflect the change in ownership, which is important for tax purposes.

5. What are the risks of Stock Assignment and Stock Power?

The main risk of stock Assignment and stock Power is that they can be used for fraudulent purposes. For example, someone could forge an Assignment of Stock Certificate or a Stock Power form to transfer ownership rights of a stock to themselves. To mitigate this risk, it is important to use a reputable transfer agent and to verify the authenticity of the legal documents.

6. Which option is better: Stock Assignment or Stock Power?

The choice between Stock Assignment and Stock Power depends on the purpose for which they are being used. If an investor wants to sell their shares to someone else, then Stock Assignment is the better option. If an investor wants to transfer their shares to a family member or a trust, then Stock Power is the better option. It is important to use the correct legal document and to ensure that the transfer is done legally to avoid any potential risks .

Introduction to Stock Assignment and Stock Power - Stock Assignment: Transferring Ownership Rights with Stock Power

When it comes to owning stock, it's important to understand the concept of ownership rights. Ownership rights refer to the various privileges that come with owning stock, such as voting rights and the ability to receive dividends. Understanding these rights is crucial for investors who want to make informed decisions about their investments. In this section, we'll take a closer look at ownership rights in stock and what they mean for investors.

1. Voting Rights

One of the most important ownership rights in stock is the right to vote. When you own stock in a company, you are entitled to vote on certain matters that affect the company. These matters can include electing members to the board of directors, approving mergers or acquisitions, and making changes to the company's bylaws. The number of votes you have is typically based on the number of shares you own. For example, if a company has 1,000 shares outstanding and you own 100 shares , you would have 10% of the voting power.

2. Dividend Rights

Another ownership right in stock is the right to receive dividends. Dividends are payments made by a company to its shareholders, usually on a quarterly basis. The amount of the dividend is typically based on the company's profits and can vary from year to year. If you own stock in a company that pays dividends, you are entitled to a portion of those payments based on the number of shares you own.

3. Liquidation Rights

If a company goes bankrupt or is liquidated, shareholders have the right to a portion of the company's assets. This is known as liquidation rights. However, in most cases, shareholders are the last in line to receive payment after creditors and other stakeholders have been paid.

4. Preemptive Rights

Preemptive rights refer to the right of existing shareholders to purchase additional shares in a company before they are offered to the public. This allows shareholders to maintain their ownership percentage in the company and prevent dilution of their shares.

5. Transferability of Ownership Rights

Ownership rights in stock are transferable, meaning you can sell your shares to another investor. When you sell your shares, you transfer your ownership rights to the buyer. However, it's important to note that some ownership rights, such as voting rights, may be restricted for a period of time after the sale.

understanding ownership rights in stock is crucial for investors who want to make informed decisions about their investments. Voting rights, dividend rights, liquidation rights, preemptive rights, and transferability of ownership rights are all important concepts to understand. When considering investing in a company, it's important to evaluate these ownership rights and consider the potential risks and rewards .

Understanding Ownership Rights in Stock - Stock Assignment: Transferring Ownership Rights with Stock Power

Stock power plays a crucial role in transferring ownership of stocks from one person to another. Without it, the process would be more complicated and time-consuming. In this section, we will explore the different aspects of stock power and its importance in transferring ownership.

1. Definition of Stock Power: A stock power is a legal document that authorizes the transfer of ownership of a stock from the owner (the "grantor") to another person or entity (the "grantee"). It is also known as a stock assignment or a stock power form. The stock power form contains the details of the stock being transferred, the name of the grantee, and the signature of the grantor.

2. importance of Stock power : Stock power is important because it provides proof of ownership transfer and protects both the grantor and the grantee. With a stock power, the grantor can transfer ownership of the stock without physically delivering the stock certificate. This avoids the risk of loss or theft of the stock certificate. On the other hand, the grantee can prove ownership of the stock through the stock power, which is crucial for selling the stock or receiving dividends.

3. Types of stock Power forms : There are two types of stock power forms: "blank" and "special." A blank stock power form is unsigned and does not specify the name of the grantee. It is commonly used for transferring ownership of stocks to a brokerage firm or for depositing the stocks into a trust account. A special stock power form is signed and specifies the name of the grantee. It is used for transferring ownership of stocks to a specific person or entity.

4. How to Fill Out a Stock Power Form: Filling out a stock power form is a simple process. The grantor needs to sign the form and specify the name of the grantee. The grantee also needs to sign the form to acknowledge receipt of the stock. The completed form should be sent to the transfer agent or the brokerage firm that handles the stock.

5. Alternatives to Stock Power: While stock power is the most common way to transfer ownership of stocks, there are alternatives. One option is to use a trust. The grantor can transfer the stock to a trust and name the grantee as the beneficiary. The grantee will receive the stock upon the grantor's death. Another option is to use a will. The grantor can specify in the will that the stock should be transferred to the grantee upon the grantor's death.

Stock power plays an important role in transferring ownership of stocks. It provides proof of ownership transfer and protects both the grantor and the grantee. There are different types of stock power forms, and filling them out is a simple process. While there are alternatives to stock power, it is the most common way to transfer ownership of stocks.

The Role of Stock Power in Transferring Ownership - Stock Assignment: Transferring Ownership Rights with Stock Power

When it comes to transferring ownership rights with stock power , there are various ways to obtain this crucial document. Whether you are a shareholder looking to transfer your ownership or a company seeking to issue new shares, understanding the different methods available can help streamline the process and ensure a smooth transition of ownership. In this section, we will explore some common ways to obtain stock power, providing insights from different perspectives and comparing several options to determine the best approach.

1. Directly from the Transfer Agent:

One of the most straightforward ways to obtain stock power is by contacting the transfer agent directly. The transfer agent is responsible for maintaining the shareholder records and managing the transfer of ownership. They can provide you with the necessary stock power forms, which typically need to be completed, signed, and notarized before submitting them back to the transfer agent. This method ensures that the required documentation is obtained directly from the authorized party, reducing the risk of errors or fraudulent activity.

2. Online Stock Power Forms:

In today's digital era, many companies offer the convenience of online stock power forms. Shareholders can access these forms through the company's website or a designated platform. Online forms often include step-by-step instructions and may even provide a notary service. This option can save time and effort, as there is no need for physical paperwork or mailing documents. However, it is essential to ensure the online platform is secure and trustworthy, protecting sensitive information from potential cyber threats.

3. Brokerage Firms:

If you hold your shares through a brokerage account, you can obtain stock power through your broker. Brokerage firms typically have their own procedures for transferring ownership and may require specific forms or documentation. Contact your broker to inquire about the process and any associated fees. While this option may be convenient for shareholders who already have a brokerage account, it may not be the best choice for those who prefer a direct relationship with the transfer agent or have shares held outside of a brokerage account.

4. In-person at a Financial Institution:

Some shareholders may prefer to obtain stock power in person, either at their bank or another financial institution . This option allows for face-to-face interaction and immediate access to the necessary forms. However, not all financial institutions offer this service, so it is important to check beforehand. Additionally, consider any associated fees and potential time constraints when opting for this method.

Comparing the different ways to obtain stock power, the best option ultimately depends on your specific circumstances and preferences. If you have a direct relationship with the transfer agent, obtaining stock power directly from them ensures accuracy and eliminates potential intermediaries. On the other hand, online stock power forms can offer convenience and ease of use, particularly for tech-savvy individuals . Brokerage firms provide a viable option for those already utilizing their services, while in-person visits to financial institutions may be preferred by individuals seeking a personal touch.

Understanding the various ways to obtain stock power is crucial for shareholders and companies alike. By exploring the options available and considering the specific requirements and preferences, individuals can choose the most suitable method to transfer ownership rights efficiently and securely.

Ways to Obtain Stock Power - Stock Assignment: Transferring Ownership Rights with Stock Power

When transferring ownership rights with a stock power, there are several important steps to follow. Filling out the stock power form is one of the most crucial steps in this process, as it legally transfers ownership of the stock from one party to another. In this section, we will explore the process of filling out a stock power form, including what information is required, how to properly fill it out, and what to do after it is completed.

1. Understanding the Stock Power Form

A stock power form is a legal document that is used to transfer ownership of stock from one party to another. It is typically used in situations where the actual stock certificate is not available, such as when the stock is held in a brokerage account. The stock power form contains important information about the stock, such as the name of the company, the number of shares being transferred, and the name of the current owner.

2. Gathering the Required Information

Before filling out the stock power form, it is important to gather all of the necessary information. This may include the name of the company that issued the stock, the number of shares being transferred, and the name and contact information of the current owner. It is also important to have the recipient's information on hand, including their name and contact information.

3. Filling Out the Form

When filling out the stock power form, it is important to be accurate and thorough. The form will typically ask for the name and address of the current owner, as well as the name and address of the recipient. It may also ask for the number of shares being transferred, the date of the transfer, and other relevant information. It is important to double-check all of the information before submitting the form.

4. Submitting the Form

Once the stock power form has been filled out, it should be signed and dated by the current owner. Depending on the situation, the form may need to be notarized or witnessed by a third party. The completed form should be submitted to the appropriate parties, such as the brokerage firm or transfer agent.

5. Considerations When Filling Out a Stock Power Form

When filling out a stock power form, it is important to consider several factors. For example, if the stock is being transferred as a gift, it may be subject to gift taxes. It is also important to consider any restrictions or limitations on the transfer of the stock, such as those imposed by the company or by applicable laws and regulations.

6. Best Practices for Filling Out a Stock Power Form

To ensure that the stock power form is filled out correctly and completely, it is important to follow best practices. This may include reviewing the form carefully before submitting it, double-checking all of the information, and seeking professional advice if necessary. It is also important to keep copies of all relevant documents, such as the stock power form and any supporting documentation.

Filling out a stock power form is an important step in transferring ownership rights with a stock power. By following the steps outlined above and considering the relevant factors, it is possible to ensure that the transfer is completed correctly and legally.

Filling out a Stock Power Form - Stock Assignment: Transferring Ownership Rights with Stock Power

Executing a stock assignment is a process that involves transferring ownership rights from one party to another. It is a crucial step in the stock transfer process, and it requires both the assignor and the assignee to follow specific procedures to ensure a smooth transfer of ownership . In this section, we will explore the steps involved in executing a stock assignment and some insights from different points of view.

1. Review the Stock Power Form

Before executing a stock assignment, it is essential to review the stock power form carefully. This document is a legal instrument that transfers ownership rights from the assignor to the assignee. It contains important information, such as the name of the assignor, the name of the assignee, the number of shares being transferred, and the date of the transfer. Both the assignor and the assignee must sign the stock power form in the presence of a notary public.

2. Choose the Right Type of Stock Assignment

There are two types of stock assignments: a full assignment and a limited assignment. A full assignment transfers all ownership rights from the assignor to the assignee, while a limited assignment transfers only specific ownership rights, such as the right to vote or receive dividends. The type of stock assignment you choose depends on your specific needs and circumstances.

3. Consider the Tax Implications

Executing a stock assignment may have tax implications for both the assignor and the assignee. The assignor may be subject to capital gains tax if the stock has appreciated in value since it was acquired. The assignee may be subject to income tax if they receive dividends or sell the stock at a profit. It is important to consult with a tax professional to understand the tax implications of executing a stock assignment.

4. Choose the Right Method of Transfer

There are several methods of transferring ownership rights, including physical delivery, book-entry transfer, and electronic transfer. Physical delivery involves the physical delivery of stock certificates from the assignor to the assignee. Book-entry transfer involves the transfer of ownership rights through an intermediary, such as a stock transfer agent . Electronic transfer involves the transfer of ownership rights through an electronic network, such as the depository Trust company (DTC). The method of transfer you choose depends on your specific needs and circumstances.

5. seek Professional assistance

Executing a stock assignment can be a complex process, and it is advisable to seek professional assistance. A stock transfer agent can help you navigate the transfer process and ensure that all necessary procedures are followed. A tax professional can help you understand the tax implications of executing a stock assignment. Seeking professional assistance can help ensure a smooth transfer of ownership rights.

Executing a stock assignment is an essential step in transferring ownership rights from one party to another. It requires careful consideration of the stock power form, the type of stock assignment, the tax implications, the method of transfer, and professional assistance. By following these steps, you can ensure a smooth transfer of ownership rights.

Executing a Stock Assignment - Stock Assignment: Transferring Ownership Rights with Stock Power

When transferring ownership rights with a stock power, legal considerations must be taken into account to ensure a smooth and legally valid transaction. These considerations can vary depending on the type of stock being transferred and the parties involved. Here are some of the key legal considerations to keep in mind:

1. Type of Stock: The type of stock being transferred will impact the legal requirements for the transfer . For example, transferring common stock may require different legal documentation than transferring preferred stock. It's important to understand the specific requirements for the type of stock being transferred.

2. Parties Involved: The parties involved in the transfer will also impact the legal considerations . For example, transferring stock between family members may require different documentation than transferring stock between unrelated parties. It's important to understand the legal requirements based on the parties involved.

3. Tax Implications: The transfer of stock ownership can have tax implications for both the transferor and transferee. It's important to understand the tax consequences of the transfer and to consult with a tax professional if necessary.

4. Securities Laws: The transfer of stock ownership is subject to certain securities laws, including the Securities act of 1933 and the Securities Exchange act of 1934. These laws regulate the sale and transfer of securities and may require certain disclosures or filings.

5. State Laws: State laws may also impact the transfer of stock ownership. For example, some states require specific documentation or filings for stock transfers. It's important to understand the state laws that apply to the transfer.

When considering the legal considerations for stock assignment, it's important to consult with a legal professional to ensure compliance with all applicable laws and regulations. A legal professional can also help determine the best option for transferring ownership rights with a stock power.

Options for transferring ownership rights with a stock power include:

1. Direct Transfer: A direct transfer involves transferring the stock from one party to another without the involvement of a broker or intermediary. This option may be simpler and less expensive, but may require more legal documentation and may not be available for all types of stock.

2. Broker-Assisted Transfer: A broker-assisted transfer involves using a broker to facilitate the transfer of stock ownership. This option may be more expensive, but may be easier and more efficient, particularly for larger transfers or transfers involving multiple parties.

3. Gift Transfer: A gift transfer involves transferring ownership of the stock as a gift. This option may have tax implications for the transferor and transferee and may require additional legal documentation.

Ultimately, the best option for transferring ownership rights with a stock power will depend on the specific circumstances of the transfer. Consulting with a legal professional can help determine the most appropriate option and ensure compliance with all applicable legal requirements.

Legal Considerations in Stock Assignment - Stock Assignment: Transferring Ownership Rights with Stock Power

When it comes to stock assignment, there are several mistakes that people make which can lead to legal and financial complications. It is important to understand the process of transferring ownership rights with stock power and avoid these common mistakes.

1. Failing to Complete the Stock Assignment Form Correctly

One of the most common mistakes made in stock assignment is failing to complete the stock assignment form correctly. This can lead to delays in the transfer of ownership rights and can result in legal complications. It is important to ensure that all the required fields are filled out correctly and that the form is signed and dated by the appropriate parties.

2. Not Having a Properly Endorsed Stock Certificate

Another mistake that people make is not having a properly endorsed stock certificate. This is important because the stock certificate is the physical representation of the ownership rights of the stock. It is important to ensure that the certificate is properly endorsed by the seller and that the buyer has the certificate in their possession.

3. Not understanding the Tax implications of Stock Assignment

Another mistake that people make is not understanding the tax implications of stock assignment. Depending on the circumstances, there may be tax implications for both the buyer and the seller. It is important to consult with a tax professional to understand the tax implications before completing the stock assignment.

4. Not Using a Broker or Transfer Agent

Some people try to complete the stock assignment themselves without using a broker or transfer agent. This can lead to complications and delays in the transfer of ownership rights. It is recommended to use a broker or transfer agent to ensure that the process is completed correctly and efficiently.

5. Not Verifying the Identity of the Buyer or Seller

Finally, it is important to verify the identity of the buyer or seller before completing the stock assignment. This can help to prevent fraud and ensure that the transfer of ownership rights is legitimate. It is recommended to use a reputable broker or transfer agent who can help with this process.

Stock assignment can be a complicated process, but by avoiding these common mistakes, it can be completed successfully. It is important to ensure that the stock assignment form is completed correctly, that the stock certificate is properly endorsed, that the tax implications are understood, and that a reputable broker or transfer agent is used. By following these guidelines, the transfer of ownership rights can be completed efficiently and without complications.

Common Mistakes to Avoid in Stock Assignment - Stock Assignment: Transferring Ownership Rights with Stock Power

Stock Power and Stock Assignment are important concepts in the world of finance and investment. These concepts help investors transfer ownership rights of their stocks to another party. In this blog post, we have discussed the details of these concepts and their implications. We have also analyzed the different perspectives and provided insights on how to use these concepts effectively.

1. Importance of Stock Power and Stock Assignment

Stock Power and Stock Assignment are essential tools for investors who want to transfer ownership rights of their stocks to another party. These concepts enable investors to transfer their stocks without having to go through the hassle of selling them. This is particularly useful in cases where the investor wants to gift the stocks to someone or transfer them to another account.

2. Understanding Stock Power

Stock Power is a legal document that enables the transfer of ownership rights of a stock from one party to another. It is an endorsement that is required by the brokerage firm to transfer the ownership of the stock. The stock power must be signed by the owner of the stock and must be submitted along with the certificate of the stock to the brokerage firm.

3. Understanding Stock Assignment

Stock Assignment is a process where the ownership rights of a stock are transferred from one party to another. The process involves filling out a transfer form and submitting it to the brokerage firm. The transfer form must be signed by the owner of the stock and must be submitted along with the certificate of the stock.

4. pros and Cons of stock Power and Stock Assignment

Stock Power and Stock Assignment have their own advantages and disadvantages. Stock Power is a simpler process that requires the submission of a single document, whereas Stock Assignment involves filling out a transfer form. However, Stock Power can only be used if the certificate of the stock is in the possession of the owner, whereas Stock Assignment can be used even if the certificate is lost or misplaced.

5. Best Option

The best option depends on the situation. If the certificate of the stock is in the possession of the owner, Stock Power is the best option. However, if the certificate is lost or misplaced, Stock Assignment is the better option. In any case, it is important to consult with the brokerage firm to determine the best option.

Stock Power and Stock Assignment are important concepts that enable investors to transfer ownership rights of their stocks. These concepts have their own advantages and disadvantages, and the best option depends on the situation. It is important to consult with the brokerage firm to determine the best option.

Conclusion and Final Thoughts on Stock Power and Stock Assignment - Stock Assignment: Transferring Ownership Rights with Stock Power

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Understanding an assignment and assumption agreement

Need to assign your rights and duties under a contract? Learn more about the basics of an assignment and assumption agreement.

Get your assignment of agreement

assignment certificate meaning

by   Belle Wong, J.D.

Belle Wong, is a freelance writer specializing in small business, personal finance, banking, and tech/SAAS. She ...

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Updated on: November 24, 2023 · 3 min read

The assignment and assumption agreement

The basics of assignment and assumption, filling in the assignment and assumption agreement.

While every business should try its best to meet its contractual obligations, changes in circumstance can happen that could necessitate transferring your rights and duties under a contract to another party who would be better able to meet those obligations.

Person presenting documents to another person who is signing them

If you find yourself in such a situation, and your contract provides for the possibility of assignment, an assignment and assumption agreement can be a good option for preserving your relationship with the party you initially contracted with, while at the same time enabling you to pass on your contractual rights and duties to a third party.

An assignment and assumption agreement is used after a contract is signed, in order to transfer one of the contracting party's rights and obligations to a third party who was not originally a party to the contract. The party making the assignment is called the assignor, while the third party accepting the assignment is known as the assignee.

In order for an assignment and assumption agreement to be valid, the following criteria need to be met:

  • The initial contract must provide for the possibility of assignment by one of the initial contracting parties.
  • The assignor must agree to assign their rights and duties under the contract to the assignee.
  • The assignee must agree to accept, or "assume," those contractual rights and duties.
  • The other party to the initial contract must consent to the transfer of rights and obligations to the assignee.

A standard assignment and assumption contract is often a good starting point if you need to enter into an assignment and assumption agreement. However, for more complex situations, such as an assignment and amendment agreement in which several of the initial contract terms will be modified, or where only some, but not all, rights and duties will be assigned, it's a good idea to retain the services of an attorney who can help you draft an agreement that will meet all your needs.

When you're ready to enter into an assignment and assumption agreement, it's a good idea to have a firm grasp of the basics of assignment:

  • First, carefully read and understand the assignment and assumption provision in the initial contract. Contracts vary widely in their language on this topic, and each contract will have specific criteria that must be met in order for a valid assignment of rights to take place.
  • All parties to the agreement should carefully review the document to make sure they each know what they're agreeing to, and to help ensure that all important terms and conditions have been addressed in the agreement.
  • Until the agreement is signed by all the parties involved, the assignor will still be obligated for all responsibilities stated in the initial contract. If you are the assignor, you need to ensure that you continue with business as usual until the assignment and assumption agreement has been properly executed.

Unless you're dealing with a complex assignment situation, working with a template often is a good way to begin drafting an assignment and assumption agreement that will meet your needs. Generally speaking, your agreement should include the following information:

  • Identification of the existing agreement, including details such as the date it was signed and the parties involved, and the parties' rights to assign under this initial agreement
  • The effective date of the assignment and assumption agreement
  • Identification of the party making the assignment (the assignor), and a statement of their desire to assign their rights under the initial contract
  • Identification of the third party accepting the assignment (the assignee), and a statement of their acceptance of the assignment
  • Identification of the other initial party to the contract, and a statement of their consent to the assignment and assumption agreement
  • A section stating that the initial contract is continued; meaning, that, other than the change to the parties involved, all terms and conditions in the original contract stay the same

In addition to these sections that are specific to an assignment and assumption agreement, your contract should also include standard contract language, such as clauses about indemnification, future amendments, and governing law.

Sometimes circumstances change, and as a business owner you may find yourself needing to assign your rights and duties under a contract to another party. A properly drafted assignment and assumption agreement can help you make the transfer smoothly while, at the same time, preserving the cordiality of your initial business relationship under the original contract.

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Transfer And Assignment Agreement: Definition & Sample

Jump to section, what is a transfer and assignment agreement.

A transfer and assignment agreement is a legal document that outlines the terms and conditions of the transfer of an employee from one company to another. It also includes the assignment of all rights and obligations, including any IP or confidential information. This document can be used to protect both the employee and the employer in case of any disputes. When negotiating a transfer and assignment agreement, it is important to consider all potential risks and liabilities.

Common Sections in Transfer And Assignment Agreements

Below is a list of common sections included in Transfer And Assignment Agreements. These sections are linked to the below sample agreement for you to explore.

Transfer And Assignment Agreement Sample

Reference : Security Exchange Commission - Edgar Database, EX-10.7 10 dex107.htm FORM OF SALE, TRANSFER AND ASSIGNMENT AGREEMENT , Viewed April 26, 2022, View Source on SEC .

Who Helps With Transfer And Assignment Agreements?

Lawyers with backgrounds working on transfer and assignment agreements work with clients to help. Do you need help with a transfer and assignment agreement?

Post a project  in ContractsCounsel's marketplace to get free bids from lawyers to draft, review, or negotiate transfer and assignment agreements. All lawyers are vetted by our team and peer reviewed by our customers for you to explore before hiring.

ContractsCounsel is not a law firm, and this post should not be considered and does not contain legal advice. To ensure the information and advice in this post are correct, sufficient, and appropriate for your situation, please consult a licensed attorney. Also, using or accessing ContractsCounsel's site does not create an attorney-client relationship between you and ContractsCounsel.

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Marcia is an experienced business litigation and transactional attorney providing general counsel to individuals and small businesses owners in transactions and business disputes. Marcia's law practice focuses primarily on commercial litigation and transactional law. She represents and defends individuals, partnerships, limited liability companies, corporations, and not-for-profit corporations in a variety of commercial and employment disputes including partnership disputes, shareholder disputes, member disputes, and contract disputes. Additionally, she advises clients on transactional matters including contract creation, review, and negotiation, real estate transactions, mergers and acquisitions, donations, corporate governance, municipal governance, policy formation, and various compliance issues.

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I graduated honors from the University of Iowa, University of Chicago and Brooklyn Law School. I’m an innovative corporate M&A attorney with 7 years of experience and a software developer experienced in front end development. A highly experienced and entrepreneurial lawyer, I work primarily with business owners and founders in connection with mergers and acquisitions, securities law and software contracts.

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What Is a Share Certificate?

Understanding share certificates, disadvantages of issuing a share certificate, special considerations, what are share certificates faqs, share certificate: definition, how they work, and key information.

James Chen, CMT is an expert trader, investment adviser, and global market strategist.

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Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. She has worked in multiple cities covering breaking news, politics, education, and more. Her expertise is in personal finance and investing, and real estate.

assignment certificate meaning

Investopedia / Michela Buttignol

A share certificate is a written document signed on behalf of a corporation that serves as legal proof of ownership of the indicated number of shares. It is also referred to as a stock certificate.

Key Takeaways

  • Share certificates are documents issued by companies that sell shares in the market.
  • A shareholder receives a share certificate as a receipt of their purchase and to reflect ownership of a specified number of shares of the company.
  • In today's financial world, physical share certificates are issued only rarely, with digital records replacing them in most cases.
  • A share certificate that is damaged, lost, or stolen can be reissued with a replacement certificate in respect of the same number of shares.
  • If your share certificate is lost, accidentally destroyed, or stolen, you should immediately contact the transfer agent and request a "stop transfer."
  • Whether someone is transferring a stock certificate on death or electronic shares on death, the tax implications are the same.

When companies issue shares in the market, shareholders who buy in are issued a share certificate. The share certificate basically acts as a receipt for the purchase and ownership of shares in the company. The document certifies registered ownership of shares from a particular date.

Key information on a share certificate includes:

  • Certificate number
  • Company name and registration number
  • Shareholder name and address
  • Number of shares owned
  • Class of shares
  • Issue date of shares
  • Amount paid (or treated as paid) on the shares

In the U.K., the Companies Act 2006 directs that a company must issue a share certificate when any shares are allotted (issued). The company must issue a share certificate within two months of the issue or transfer of any shares. Companies may issue just one certificate for all the shares issued or transferred at a particular time, except if a shareholder requests separate certificates.

Sometimes a shareholder with a stock certificate can give a proxy to another person to vote the shares in question. Similarly, a shareholder without a share certificate may give a proxy to another person to allow them to vote for the shares in question. Voting rights are defined by the corporation's charter and corporate law.

A share certificate that is damaged, lost, or stolen can be reissued with a replacement certificate in respect of the same number of shares. The shareholder in such a case must return the damaged document to the company before a replacement can be issued. At this time, the shareholder may also exercise the right to be issued a single certificate or separate certificates.

Historically, share certificates were required for proof of entitlement to dividends . Each time a certificate was presented, the receipt for the payment of dividends was endorsed on the back. This way, all records of dividend payments were attached to the document.

In the digital age, investors rarely use physical share certificates and instead rely on electronic proof of ownership.

There are several disadvantages of issuing a share certificate.

From the company's perspective, the primary drawback comes down to time and money. Issuing paper stock certificates is labor-intensive and represents a big expense. In fact, businesses usually need an entire team dedicated strictly to managing the share certificate system.

There is a tremendous amount of tedious clerical work involved in maintaining a stock certificate system. For example, all transactions, such as a merger or spinoff, can only proceed when the paper certificates are signed and mailed to the company. Also, compliance becomes much more difficult to address.

Moreover, ownership is very difficult to keep up with, as shareholders can pass the certificates to someone else without notifying the company. It all adds up to a significant amount of back-office work to verify identities in order to sign off on the transfer of ownership. In other words, the company has to keep track of the shares at all times. This is typically done through a computer system.

Finally, if a shareholder has their paper certificate lost or stolen, it means a lot of work for the company. Specifically, the business has to find the old shares, verify ownership, put a "stop" on the paper certificates, and then issue new paper certificates. Obviously, this process is also a headache for the shareholder.

The bottom line is that documenting, tracking, and verifying transactions with paper stocks is very challenging.

The Dutch East India Company issued the first stock certificate in 1606. It was worth 150 Dutch Guilder.

Today, in modern financial markets, individual investors rarely take physical possession of their share certificates. In fact, some countries have completely abolished the issue of share certificates as proof of share ownership in a company and have streamlined the process of registering owners via electronic registration.

In the United States, the Depository Trust Company (DTC) is responsible for electronically holding shares, either in certificated or uncertificated ( dematerialized ) form, so that ownership can be easily transferred through a book entry rather than the transfer of physical certificates.

A share certificate can be in either a registered form or bearer form . A registered share certificate is only evidence of title ownership, while a bearer share certificate, now uncommon, entitles the holder to exercise all legal rights associated with the stock.

Many share certificates, especially older and rarer specimens, have become extremely collectible for their historical context and the beauty and intricacy of their design. "Scripophily" is the collection and study of share certificates and other similar financial documents. Similar to stamp collecting or banknote collecting, a share certificate's value is dependent on its condition and age.

What Are My Old Share Certificates Worth?

Never just throw away your old share certificates. They can still be worth something. Here are a few steps you can do to help determine their value:

  • Contact your stockbroker to look up the share certificate's CUSIP number
  • Figure out whether the company is still publicly traded
  • Call the share certificate's transfer agent (the agent should be listed on the certificate)
  • Use a paid service to research your stock's history

What Do I Do If I Lost My Original Share Certificate?

Even without the physical share certificate, you are still the rightful owner of the stock and have a claim to all of the rights of being a shareholder.

If your share certificate is lost, accidentally destroyed, or stolen, you should immediately contact the transfer agent and request a "stop transfer." This prevents ownership of the stock certificate from being transferred to another person. Your stockbroker might also be able to help you with this process.

You will be able to get a new replacement certificate. But typically, companies will first require you to do the following:

  • Make a statement of facts surrounding the loss in an affidavit
  • Purchase an indemnity bond to protect the company against the chance that the lost certificate may be presented at a later date
  • Request a new certificate before an innocent purchaser requires it

If Stock Certificates Are Transferred on Death, What Is the Tax?

Whether someone is transferring a stock certificate on death or electronic shares, the tax implications are the same. That is, you are not liable for taxes on the shares you inherit when someone dies. But you might be liable for the taxes if you sell them.

U.K. Legislation. " Companies Act 2006 ."

G. Hodgson. "Markets." In Steven N. Durlauf and Lawrence E. Blume, eds. " The New Palgrave Dictionary of Economics ." Palgrave Publishing, 2018. (Online edition.)

Depository Trust and Clearing Corporation (DTCC). " The Depository Trust Company (DTC) ."

Financial Industry Regulatory Authority. " When a Brokerage Account Holder Dies—What Comes Next? "

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Difference Between Assignment and Transfer

The difference between assignment and transfer is that assign means it's legal to transfer property or a legal right from one person to another. 3 min read updated on July 26, 2024

The difference between assignment and transfer is that assign means it's legal to transfer property or a legal right from one person to another, while transfer means it's legal to arrange for something to be controlled by or officially belong to another person.

When used as verbs, assign means to set apart or designate something for a purpose while transfer means to pass or move from one person, place, or thing to someone or someplace else. When used as nouns, assign means the assignee and transfer is the act of removing or conveying something from one person, thing, or place to another. Transfer generally refers to titles whereas assignment is used with obligations and rights.

Definitions of Assignment and Transfer

  • Assignment: Assignment is used in real estate law and contracts law. It covers the transfer of rights held by the assignor to the assignee.
  • Transfer: To remove or convey from one person or place to someone or somewhere else.

Distinction Between Assignment and Transfer

When distinguishing between assignment and transfer, take licenses, for example. Licenses are contracts that don't allow legal action for infringement. They fall under state law. Therefore, state law will decide whether the license is an obligation or right that can be transferred or assigned legally.

One way to distinguish this example is that an individual contract under an agreement cannot be assigned, like entitlement to grant back royalties . In addition, the contract cannot be transferred. You need to break it down and figure out what the actual issue is — the parties' intent. An additional distinction is when the contract holder is an entity and the business owners want to transfer a portion or all of their stock. This can be seen as an implied transfer of the whole contract. However, it would not likely be an assignment of the rights covered under this agreement.

Difference Between Assign and License

The key difference between assign and license is that with a license, the person who grants permission, known as the licensor, keeps an interest in the product being licensed . In an assignment, the assignor will transfer his or her rights to the product or property being assigned.

Another difference is that assignments must be in writing and a license can be executed without being written. Consider, for example, intellectual property such as patents. Patents can be licensed verbally in some instances, but assignments for patents must be in writing and filed with the United States Patent and Trademark Office .

Assignments grant the assignee full ownership of a product or property. Therefore, an assignment will typically cost more to acquire than a license.

Frequently Asked Questions

Are there ever situations in which a license can be transferred but is not assignable?

  • Yes, in the case of allowing an assignment to one of your affiliates, the assignor would still be liable for the performance of the agreement under general assignment law. In this situation, you would not typically permit a transfer, because in a transfer, the person transferring would not maintain any obligations related to performance. Don't rely solely on this general understanding, but still expressly detail your agreement on what a licensee can legally do.

How will transfer and assignment rights affect someone's ability to sublicense?

  • In theory, if a licensee has the authority to assign license rights to someone else, you could argue that it also provides the right to sublicense it. The issue here is that with a sublicense, the person sublicensing it keeps a license right, therefore effectively creating two licensees. With an assignment, only one right is assigned, and the assignee is the one who has possession of the license. With well-drafted licenses, the right to sublicense is not typically implied, as the licensor is the one who reserves all rights that are not expressly granted.

What is the effect of poorly drafted licenses?

  • A poorly drafted license could result in giving someone implied rights to also sublicense. An example is a software license that allows a licensee to access the software without clarifying any restrictions or clearly defining the word “use.” This means that, depending on what this software is supposed to do, someone could think the term “use” means the licensee has permission to grant a sublicense as part of their usage rights.

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Fact check on Algerian fighter Imane Khelif, DSDs, biology and Olympic boxing

assignment certificate meaning

Despite outcries from anti-trans celebrities and politicians, the International Olympic Committee confirmed Imane Khelif is eligible to compete in women's boxing at the Paris Games.

Khelif went viral on social media after winning her opening bout Thursday against Italy's Angela Carini , who stopped fighting after 46 seconds. Khelif, along with Taiwanese boxer Lin Yu-ting , were both disqualified from their championships in 2023 after the International Boxing Association said they failed gender eligibility testing, a move that the IOC has called a “ sudden and arbitrary decision ."

The two boxers also competed in the 2021 Tokyo Games, but did not medal.

"The IOC is committed to protecting the human rights of all athletes participating in the Olympic Games," the organization said in a statement . "The IOC is saddened by the abuse that the two athletes are currently receiving."

More: As gender eligibility issue unfolds, Olympic boxer Lin Yu-Ting dominates fight

Fact check: Imane Khelif is a woman

Khelif is a woman, who is not transgender, nor identifies as intersex, according to GLAAD and InterACT.

Khelif reportedly has differences of sexual development, known as DSDs, the organizations said in a Fact Sheet released Friday. Having DSD is not the same as being transgender.

What is DSDs?

Differences in sex development is a set of rare conditions involving genes, hormones and reproductive organs that can cause the sexual development of a person to be different than others, according to the NHS.

Sometimes, this can lead to a person having XY chromosomes but develop otherwise female.

Paris Games has full gender parity, IBA stripped of its governing rights

The IBA, long mired with scandal and controversy, oversaw Olympic boxing before being stripped of its right before the Tokyo Games and is no longer recognized of the international federation of boxing.

In the face of backlash over Khelif's 2024 win, the IBA stood by its decision to disqualify the boxers over two "trustworthy" and "independent" tests, though they did not disclose what the tests were. The Washington Post reported IBA president claimed they were disqualified over finding XY chromosomes.

The IOC said the gender and age for the athletes is based on their passports.

The Paris Games is the first in history to reach gender parity. Transgender inclusion has had no negative effect on gender parity at the Olympics, according to GLAAD and InterACT. Also, IOC guidelines state athletes should not be excluded from competing due to alleged unfair advantage based on sex variations, according to GLAAD.

Conservatives seize on boxing to spread anti-trans rhetoric

As part of a large wave of anti-LGBTQ laws in the U.S., transgender women in sports has become a key rallying call for conservatives. In the last five years, 25 states have passed laws banning transgender students from participating in sports that match their gender identity, according to data compiled by MAP , despite research from the Human Rights Campaign showing transgender youth are a small part of the population and not all of them are interested in playing sports.

Former President Donald Trump jumped on Khelif's win at the Olympics to further his campaign promise, posting a video of the fight on social media "I WILL KEEP MEN OUT OF WOMEN'S SPORTS!"

Trump's running mate JD Vance shared a video of the match on X, falsely calling Khelif a man and suggesting Kamala Harris' stance on gender leads to a "disgusting," outcome.

“From my point of view, this was not an equal competition,” conservative Italian Prime Minister Giorgia Meloni said, according to POLITICO.

Khelif told UNICEF earlier this year that she was picked-on for participating in sports as a girl growing up, and had to raise money for her boxing lessons as her father did not approve of her getting into the sport, because she is a girl.

“I started with nothing and now I have everything,” she said.

Contributing: Josh Peter

  • Olympics 2024

What to Know About the Gender Fight in Olympic Boxing

N either Algeria’s Imane Khelif nor Taiwan’s Lin Yu-ting are making their Olympic debuts. Both boxers already competed in the 2020 Olympics in Tokyo, where they were eliminated in the quarterfinals and round of 16 of their respective weight classes.

But that hasn’t stopped their appearances in Paris from causing a stir.

Khelif, age 25, fights in the women’s 66-kg quarterfinals on Saturday after her preliminary opponent on Thursday abandoned the bout less than a minute in, and Lin, 28, is set to enter the ring on Friday for the women’s 57-kg round of 16—but critics claim that they’re both actually “ men .”

The controversy of their gender has swept over the sport since last year, when the two were both disqualified from the World Championships in New Delhi after they were on track to win medals but failed an eligibility test.

The International Boxing Association (IBA), the organizer of the World Championships, said at the time that athletes who “pretended to be women” were excluded based on tests that showed “they have XY chromosomes.” (Women typically have XX chromosome pairs, and men typically have XY pairs. Neither Khelif nor Lin have ever identified as men, as transgender, or as intersex—which refers to people with both male and female sex characteristics.)

Read More: What to Know About the History of Trans and Nonbinary Olympians

However, the Russian-led IBA, which has long faced questions about integrity and concerns about governance , does not oversee Olympic qualification. For the 2024 Summer Games, the International Olympic Committee (IOC), does, and it has repeatedly affirmed Khelif’s and Lin’s eligibility.

“All athletes participating in the boxing tournament of the Olympic Games Paris 2024 comply with the competition’s eligibility and entry regulations, as well as all applicable medical regulations,” the IOC said in a statement on Monday.

“Everyone competing in the women’s category is participating, following, complying with the competition eligibility rules,” IOC spokesperson Mark Adams said during a press conference on Tuesday. “These athletes have competed many times before for many years—they haven’t just suddenly arrived.” (Adams, in another press conference on Thursday, also pushed back against the idea that testosterone testing would be a “panacea” to such issues.)

Algeria's Imane Khelif celebrates after winning against Tunisia's Mariem Homrani Ep Zayan after their women's light (57-60kg) preliminaries round of 16 boxing match during the Tokyo 2020 Olympic Games at the Kokugikan Arena in Tokyo on July 30, 2021.

The IBA criticized the IOC in a statement on Wednesday for the “inconsistent application of eligibility criteria,” and it reiterated that Khelif and Lin were found to “have competitive advantages over other female competitors” based on the results of tests they took. “The IOC’s differing regulations on these matters, in which IBA is not involved, raise serious questions about both competitive fairness and athletes’ safety,” the organization said.

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As Khelif was slated to face Italy’s Angela Carini in the preliminaries on Thursday, officials in the Italian government also complained, according to Italian news agency ANSA . “It is surprising that there are no certain, strict, uniform criteria at the international level, and that there can be a suspicion, and far more than a suspicion, of an unfair and potentially dangerous contest for one of the contenders at the Olympics, an event that symbolizes sporting fairness,” said Family and Equal Opportunities Minister Eugenia Roccella. Sports Minister Andrea Abodi added: “I find it difficult to understand that there is no alignment in the parameters of minimum hormonal values ​​at an international level, which includes the European and world championships and the Olympics.”

The controversy has also been discussed widely by social media users, current and former athletes, and commentators, many of whom have expressed concern based on the fact that biological males pack a more powerful punch . “I don’t agree with them being allowed to compete in sport, especially combat sports. It can be incredibly dangerous,” Australian boxing captain Caitlin Parker reportedly said . “It’s shocking that they were actually allowed to get this far, what is going on?” Irish former boxer Barry McGuigan posted on X . “Someone could get killed,” opined Oliver Brown, chief sports writer for U.K. newspaper the Daily Telegraph .

Read More: The Nazi-Era Myth Behind Olympics Gender-Testing Rules

Khelif’s and Lin’s home countries— and compatriots —have stood by them. Algeria’s Olympic Committee slammed the “malicious and unethical” attacks on Khelif this week, saying that it has taken “all necessary measures to protect her. “These attempts at defamation, based on lies, are totally unfair, especially at a crucial time when she is preparing for the Olympic Games, the peak of her career,” the statement said.

Lin Yu-ting of Chinese Taipei rests during the Women's Feather 54-57kg Preliminaries Round of 16 match of boxing against Nesthy Petecio of Philippines at the Tokyo 2020 Olympic Games in Tokyo, Japan, July 26, 2021.

And Taiwanese President Lai Ching-te’s spokesperson said Thursday in a post on X that Lin “has shown incredible strength, overcoming doubts to compete fairly on the world stage. Your determination inspires the nation!”

Lin, who has been hailed back home for breaking gender stereotypes, told local media last week that she’s not trying to draw attention to herself by keeping her hair short. “Actually, what I have been doing is being myself,” she said. “If I wore my hair long, I would have to spend too much time tending to it and have no time to rest between morning and afternoon training sessions. How could I perform well that way?”

Her coach also said that Lin has been frustrated with the insults and criticisms she reads on social media, but Lin emphasized, “I want to focus on my performance in the ring. … All I can do is prepare and try my best to ignore what the haters say.”

For her part, Khelif, who became a UNICEF ambassador earlier this year, has said she is most proud of her ability to overcome obstacles, including finding success in a sport that her father didn’t approve of girls participating in. “My dream is to win a gold medal,” she said in March. “I particularly want to inspire girls.”

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The Assignment with Audie Cornish

Every monday on the assignment, host audie cornish explores the animating forces of american politics. it’s not about the horserace, it’s about the larger cultural ideas driving the american electorate. audie draws on the deep well of cnn reporters, editors, and contributors to examine topics like the nuances of building electoral coalitions, and the role the media plays in modern elections.  every thursday, audie pulls listeners out of their digital echo chambers to hear from the people whose lives intersect with the news cycle, as well as deep conversations with people driving the headlines. from astrology’s modern renaissance to the free speech wars on campus, no topic is off the table..

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Every presidential campaign eventually finds ways to take advantage of the cultural moment. Vice President Harris’s current moment in the viral sun happened as soon as she became the frontrunner of the Democratic ticket. How and why did it happen? Audie talks with two observers: researcher Nina Jankowicz , who studied online gendered abuse and disinformation against women in political life. And Deja Foxx , who worked on Harris's 2019 campaign when she was just 19 years old, leading the digital team’s influencer and surrogate strategy.

© 2024 Cable News Network. A Warner Bros. Discovery Company. All Rights Reserved. CNN Audio's transcripts are made available as soon as possible. They are not fully edited for grammar or spelling and may be revised in the future. The audio record represents the final version of CNN Audio.

Paris 2024 Women's 100m Preview: Shelly-Ann Fraser-Pryce, Sha'Carri Richardson, and Dina Asher-Smith headline full schedule

Sha'Carri Richardson in action at the U.S. Trials

Picture by 2024 Getty Images

The women’s 100m will jumpstart the individual sprint action at the Olympic Games Paris 2024 on Friday (2 August). So, who will be the new Olympic champion at the Stade de France?

Double sprint world champion Sha’Carri Richardson is seeking her first Games medal, and leads a stacked women’s field that also includes three-time Olympic gold medallist Shelly-Ann Fraser-Pryce . Tokyo 2020 gold medallist Elaine Thompson-Herah is absent at the Paris Games through injury, while her Jamaican teammate Shericka Jackson announced that she would not compete on 31 July.

The women’s 100m contest is likely to be defined by the rivalry between the U.S. and Jamaican athletes, who between them have recorded seven of the ten fastest times ever. Richardson is joint fifth fastest on the all-time list at 10.65 seconds.

Paris 2024 is a redemption Games for the U.S. star Richardson, who missed Tokyo 2020 after testing positive for THC (cannabis), a substance banned under World Anti-Doping Agency rules.

“Every move you make is leading to checkmate. So the Olympics, that’s checkmate, that’s the moment an athlete dreams about,” she told Vogue Magazine in the lead up to the Olympics.

Africa’s fastest woman, Ivorian Marie-Josee Ta Lou-Smith **,** Saint Lucia’s Julien Alfred , 2019 world champion Dina Asher-Smith and Nigeria's Rosemary Chukwuma are the other big names to keep an eye on.

With such a fast field, Florence Griffith Joyner’s 100m world record of 10.49 seconds that has stood since 1988 could be under threat.

Below is the full women's 100m schedule at Paris 2024 and how to watch all the action live.

  • Breakout star Sha'Carri Richardson: How the 100m world champion reinvented herself
  • Olympics Athletics schedule at Paris 2024

The women’s 100m full schedule at Paris 2024 Olympics

The women’s 100m start on Friday (2 August) with the preliminary round, before the semi-finals and the finals a day later on Saturday (3 August).

Eight women will line up for the race for the Olympic gold medal in the 100m final.

All times local to Paris (UTC+2).

Friday, 2 August

  • 10:35 – Women’s 100m preliminary round
  • 11:50 – Women’s 100m first round

Saturday, 3 August

  • 19:50 – Women’s 100m semi-final
  • 21:20 – Women’s 100m final

How to watch the women’s 100m live at Paris 2024

All of the action from the women’s 100m from the preliminary rounds thorough to the final race from Paris 2024 can be watched via media rights holders (MRH) here .

  • MRH include Nine in Australia, Globo in Brazil, CBC in Canada, CCTV in People's Republic of China, Fuji TV/NHK/Nippon TV/TBS/TV Asahi/TV Tokyo in Japan, SKY NZ in New Zealand, SuperSport in South Africa, NBC in the United States, and Discovery Eurosport across Europe, alongside France Télévisions in France, ARD/ZDF in Germany, and BBC Sport in the United Kingdom, among others.

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Trump Questions Harris’s Racial Identity, Saying She Only ‘Became a Black Person’ Recently

In an appearance before the National Association of Black Journalists, Donald Trump also said his choice of Senator JD Vance as vice president will not matter to voters.

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Former President Donald J. Trump questioned Vice President Kamala Harris’s ethnicity during an interview at the National Association of Black Journalists convention.

Reporter: “Some of your own supporters, including Republicans on Capitol Hill, have labeled Vice President Kamala Harris, who is the first Black and Asian American woman to serve as vice president and be on a major party ticket, as a D.E.I. hire. Is that acceptable language to you? And will you tell those Republicans and those supporters to stop it?” “How do you define D.E.I.? Go ahead. How do you define —” “Diversity, equity and inclusion.” “OK, yeah, go ahead. Is that what your definition —” That is, that is, literally the word —” “Would you give me a definition then? Would you give me a definition of that? Give me a definition.” “Sir, I’m asking you a question. “No, no, you have to define it. Define the, define it for me if you would.” “I just defined it, sir. Do you believe that Vice President Kamala Harris is only on the ticket because she is a Black woman?” “Well, I can say, no. I think it’s maybe a little bit different. So I’ve known her a long time, indirectly, not directly very much. And she was always of Indian heritage and she was only promoting Indian heritage. I didn’t know she was Black until a number of years ago when she happened to turn Black. And now she wants to be known as Black. So I don’t know. Is she Indian or is she Black?” “She has always identified as a Black woman.” “I respect either one. I respect either one. But she obviously doesn’t because she was Indian all the way. And then all of a sudden she made a turn and she went, she became a Black person.” “Just to be clear, sir, do you mean that she is —” “Somebody should look into that, too. When you ask, and continue in a very hostile, nasty tone.” “It’s a direct question, sir. Do you believe that Vice President Kamala Harris is a D.E.I. hire as someone —” “I really don’t know. I mean, I really don’t know. Could be. Could be.”

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By Jonathan Weisman Maya King and Zolan Kanno-Youngs

Jonathan Weisman, Maya King and Zolan Kanno-Youngs reported from Chicago.

Former President Donald J. Trump questioned Vice President Kamala Harris’s identity as a Black woman on Wednesday in front of an audience of Black journalists, suggesting his opponent for the presidency had adopted her racial profile as a way to gain a political advantage.

“She was Indian all the way, and then all of a sudden she made a turn and she became a Black person,” he said of Ms. Harris, whose mother was Indian American, whose father is Black and who has always identified as a Black woman.

Ms. Harris has long embraced both her Black and South Asian identity. She attended Howard University, a historically Black institution, and pledged Alpha Kappa Alpha, the nation’s first sorority established for Black college women. Headlines from her earliest political victories dating back to the early 2000s highlighted both identities.

Mr. Trump’s remarks prompted gasps and jeers from the audience at the National Association of Black Journalists in Chicago. The former president’s combative appearance there was one of the most unusual of the campaign so far as he sparred with reporters over diversity efforts, repeated falsehoods about a range of subjects and told the group that he was “the best president for the Black population” since Abraham Lincoln.

Ms. Harris responded in careful fashion on Wednesday night, saying in a speech in Houston that he had put on the “same old show” of “divisiveness and disrespect.”

“The American people deserve better,” Ms. Harris said at a convention of Sigma Gamma Rho, one of the nation’s most prominent Black sororities. “The American people deserve a leader who tells the truth, a leader who does not respond with hostility and anger when confronted with the facts. We deserve a leader who understands that our differences do not divide us — they are an essential source of our strength.”

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IMAGES

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COMMENTS

  1. Certificate of Assignment definition

    Certificate of Assignment means acertificate of assignment issued under section 23A. Certificate of Assignment means a document issued to assignees constituting evidence of the assignment which includes a legal description of the property assigned, name (s) of the person (s) to whom the parcel is assigned, any designated successor to the ...

  2. What's the difference between a mortgage assignment and an ...

    An assignment transfers all the original mortgagee's interest under the mortgage or deed of trust to the new bank. Generally, the mortgage or deed of trust is recorded shortly after the mortgagors sign it, and, if the mortgage is subsequently transferred, each assignment is recorded in the county land records.

  3. Assignment Certificate definition

    Assignment Certificate. definition. Assignment Certificate means a certificate, acceptable to the Agent in form and substance, assigning a Bank 's rights and obligations under this Agreement or a related document pursuant to Section 11.11. Assignment Certificate has the meaning specified in Section 8.12.

  4. Assignment of Contract: What Is It? How It Works

    An assignment of contract is a legal term that describes the process when a contract assignee wishes to transfer their contractual obligations to another.

  5. Deed of Assignment

    A deed of assignment refers to a legal document that records the transfer of ownership of a real estate property from one party to another.

  6. Stock Assignment: Transferring Ownership Rights with Stock Power

    Stock assignment is the process of transferring ownership rights of a stock from one party to another, while Stock Power is a legal document that authorizes the transfer of ownership rights from one party to another. In this section, we will discuss in detail what Stock Assignment and Stock Power are, how they work, and why they are important.

  7. Certificate of Assignments definition

    Certificate of Assignments means a certificate of assignment, by Seller to Purchaser, in the form of Exhibit 5.01 (a), evidencing an Undivided Interest owned by Purchaser or an assignee thereof. Certificate of Assignments means the certificate of assignment, by the Transferor to a Purchaser, delivered in connection with the Predecessor ...

  8. Assignment (law)

    Assignment [a] is a legal term used in the context of the laws of contract and of property. In both instances, assignment is the process whereby a person, the assignor, transfers rights or benefits to another, the assignee. [1] An assignment may not transfer a duty, burden or detriment without the express agreement of the assignee.

  9. Understanding an assignment and assumption agreement

    The assignment and assumption agreement. An assignment and assumption agreement is used after a contract is signed, in order to transfer one of the contracting party's rights and obligations to a third party who was not originally a party to the contract. The party making the assignment is called the assignor, while the third party accepting ...

  10. Assignment: Definition in Finance, How It Works, and Examples

    Assignment: An assignment is the transfer of an individual's rights or property to another person or business. For example, when an option contract is assigned, an option writer has an obligation ...

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    A transfer and assignment agreement is a legal document that outlines the terms and conditions of the transfer of an employee from one company to another.

  13. Share Certificate: Definition, How They Work, and Key Information

    Share Certificate: A share certificate is a written document signed on behalf of a corporation, and serves as legal proof of ownership of the number of shares indicated.

  14. What does "certificate of assignment from the Supreme Court" mean

    1 attorney answer. It means that the regularly presiding judge in that case is either away from his normal duties as judge (vacation, ill, etc.) or there is some sort of a conflict of interest for the regular judge to hear this case, and that the Ohio Supreme Court has assigned a retired judge to fill his spot for whatever time period is ...

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    If It is a graded peer assignment means you must do and submit your assignment (or) it is a practice assignment means not compulsory to submit the peer assignment. But, you don't submit Graded Peer Assignment means you won't get certificate. So, it's mandatory to complete the graded peer assignment in order to get your course certificate.

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  18. Assignment and Authority Certificate definition

    Define Assignment and Authority Certificate. means the certificate provided to the Inter-Creditors Agent by the Issuer or other Party of the Loan as set out in Annex 5 (Model Assignment and Authority Certificate of the Borrowing Party) to the CTA.

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  23. Assignment Separate from Certificate definition

    Assignment Separate from Certificate means the Assignment Separate from Certificate to be dated as of the Closing Date issued by each Shareholder to Buyer in the form attached hereto as Exhibit A. Sample 1 Sample 2. Based on 2 documents. Remove Advertising.

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  25. ASSIGNMENT OF A CERTIFICATE definition

    ASSIGNMENT OF A CERTIFICATE. A Written Request specifying the terms of an assignment of a Certificate must be provided to the Annuity Service Center. Until the Written Request is received, the Company will not be required to take notice of or be responsible for any transfer of interest in the Certificate by assignment, agreement, or otherwise.

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  27. Stock Assignment Separate from Certificate ( definition

    Define Stock Assignment Separate from Certificate (. Assignment"), substantially in the form of Exhibit B hereto, for the certificate representing the Pledged Stock, duly executed in blank. Monarch shall hold such certificate and Assignment as security for performance by Pledgor of the obligations secured hereby and shall at all times have the ...