109 Transfer Contribution Clause Samples

The 109 Transfer Contribution clause defines the terms under which a party may transfer its contributions, such as assets, rights, or obligations, to another entity within the context of an agreement. Typically, this clause outlines the conditions that must be met for a transfer to occur, such as obtaining prior written consent from the other party or ensuring the transferee meets certain qualifications. For example, it may specify that contributions can only be transferred to affiliates or require notification before the transfer is finalized. The core function of this clause is to regulate and control the transferability of contributions, thereby protecting the interests of all parties and maintaining the integrity of the original agreement.