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34. The term 'assignment' also came to be considered by different Courts. The Calcutta High Court in "Saregama Ltd. vs. The New Digital Media and Ors.-(2018) 1 WBLR (Cal) 329" has noticed the concept of 'assignment' in paragraphs 122 to 126:-

"122. In English law, an absolute assignment need not necessarily be equivalent to a sale out and out; it may be only an equitable assignment. [Bence v Shearman 47 WR 350: (1898) 2 Ch 582; Brand v London Rubber Co. (1904) 1 KB 387].