The Law of Assignment by Marcus Smith (Author), 3rd Edition, is a comprehensive guide to understanding intangible property or choses in action within the legal framework. This essential text spans 1024 pages and delves into various forms of intangible property including debts, rights under contract, securities, intellectual property, leases, rights/causes of action, and equitable rights. It meticulously explores the nature of these properties, their creation, and methods of transfer or assignment.

The first part of the book focuses on general principles related to intangibles and their transfer, while the second part scrutinizes practical aspects specific to different types of intangibles such as securities, insurance contracts, leases, and intellectual property. The third edition has been updated with new chapters on powers of attorney and factoring, crucial areas in contemporary legal practice.

Notable enhancements include an expanded chapter on leases that now covers the leasing of chattels, along with additional information on securities, particularly concerning the functioning of settlement systems. This edition is a must-have for lawyers, students, and anyone engaged in the complex world of intangible property law.