There are NO Magic Buzz Words to Effectuate an Assignment

A recent case dealing with homeowner's associations’ declaration of covenants finds that there are NO magic buzz words when it comes to assigning contractual rights: “All contractual rights are assignable unless the contract prohibits assignment, the contract involves obligations of a personal nature, or public policy dictates against assignment.” … Furthermore, “it is the general rule that no particular words of art are necessary to effect” an assignment.  “The assignment or endorsement of any instrument vests the assignee or endorsee with the same rights, powers, and capacities as were possessed by the assignor or endorser. The assignee or endorsee may bring action thereon.”...