to hold legal title in str for sb

[axid]

Hello,

I am in the middle of translating a Deed of Assignment, and I can't figure out this sentence:

Insofar as the Assigned Rights do not vest under this agreement, the Assignor holds legal title in the Assigned Rights on trust for the Assignee
In particular, I simply don't know what the last part of this clause means (underlined). Does anybody have a clue?

I'd be grateful for ANY help.




Thank you!

 

[Rover_KE]

Under discussion here.

 

[axid]

Yes Sir, I did not know that the two forums are inter-connected. Apologies. Could you please close the topic?

 

[Tdol]

Forums are small worlds- it avoids repetition if you ask a question in one at a time. Thanks.