irrevocably assigns
Definition
When someone irrevocably assigns something, they permanently hand over a right, benefit, or piece of property to another person or company with no ability to take it back. The word irrevocable is the key part here because it means the transfer is final and cannot be undone, even if you later change your mind. Once you irrevocably assign something, it belongs to the other party completely.
Example
A freelance graphic designer might sign a contract that irrevocably assigns all ownership of a logo design to the client, meaning the designer can never later claim ownership of that logo or prevent the client from using it.
Watch Out
Before you sign anything containing this phrase, make absolutely sure you are comfortable giving up that right or asset forever, because there is no coming back from it.
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This definition is for informational purposes only and does not constitute legal advice. Please consult with a licensed attorney for legal guidance.