👉 Reaffiliating is a legal term that refers to the process of transferring ownership or control over an asset from one party to another. This can involve exchanging the rights and responsibilities associated with the original owner's assets for new, distinct rights and responsibilities that are transferred to the new owner. The term "affirming" in this context likely means affirmatively transferring ownership or control over the asset without any legal formalities or documentation involved. The act of reaffiliating is typically done when a party
