What is another term for an assignment of liabilities?

The term that best aligns with the concept of an assignment of liabilities is "delegation." In the context of contracts and obligations, delegation specifically refers to the transfer of responsibilities or tasks from one party to another. In this process, the original party remains ultimately responsible for the obligations despite having delegated tasks to a third party.

An assignment of liabilities involves a party transferring its obligations under a contract, and "delegation" correctly captures the notion of passing responsibilities while still holding the initial party accountable. This acknowledgement is crucial in hospitality law, where understanding the liabilities involved in operations and transactions is vital for maintaining compliance and managing risk.

While other terms like "substitution," "notation," and "reassignment" might appear relevant, they do not accurately convey the nuances involved in the transfer of liabilities as effectively as "delegation." Substitution usually refers to replacing one party with another, notation often relates to recording or indicating information rather than transferring responsibility, and reassignment generally pertains to the process of assigning or transferring rights or tasks rather than specifically focusing on liabilities. Therefore, "delegation" is the most appropriate term in this context.