Which of the following best describes an assignment in contract terms?

An assignment in contract terms refers to the voluntary transfer of rights from one party (the assignor) to another party (the assignee). This process involves one party relinquishing their rights under a contract, allowing the assignee to step into those rights and benefit from the contract moving forward.

This implies that the assignor has the authority and the ability to transfer their rights, which is a crucial aspect of the assignment. The receiving party does not have to accept or agree to the rights being assigned, but the assignment is fundamentally about changing who asserts those rights under the original contract.

The other options touch on different aspects of contractual relationships. The transfer of duties to a third party describes a delegation, not an assignment. A forced transfer of obligations does not align with the voluntary nature of assignments, and an involuntary giving up of benefits does not accurately represent the essence of assignment, which is grounded in mutual agreement and consent. Thus, the choice emphasizing the voluntary transfer of rights accurately represents the legal concept of assignment within contract law.