Common use of Assignment and Corporate Reorganization Clause in Contracts

Assignment and Corporate Reorganization. Neither this Agreement nor any rights granted hereby may be assigned by either party voluntarily or by operation of law without the other party's prior written consent (which will not be unreasonably withheld) and any such attempted assignment shall be null and void. For purposes of this Agreement, "assignment" shall be deemed to include the transfer of all or substantially all of the assets of, or a majority interest in the voting stock of, either party, or the merger of either party with one or more entities. This Agreement shall inure to the benefit of and be binding upon any successor or assign of either party.

Appears in 3 contracts

Samples: Private Label Manufacturing and Supply Terms and Conditions, Private Label Manufacturing and Supply Agreement (Global Holding International), Private Label Manufacturing and Supply Agreement (Barrier 4, Inc.)

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Assignment and Corporate Reorganization. Neither this Agreement nor any rights granted hereby may be assigned by either party voluntarily or by operation of law without the other party's ’s prior written consent (which will not be unreasonably withheld) and any such attempted assignment shall be null and void. For purposes of this Agreement, "assignment" shall be deemed to include the transfer of all or substantially all of the assets of, or a majority interest in the voting stock of, either party, or the merger of either party with one or more entities. This Agreement shall inure to the benefit of and be binding upon any successor or assign of either party.

Appears in 1 contract

Samples: Private Label Manufacturing and Supply Agreement (Elektor Industries Inc.)

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Assignment and Corporate Reorganization. Neither Except as provided herein, neither this Agreement nor any rights granted hereby may be assigned by either party voluntarily or by operation of law without the other party's prior written consent (which will not be unreasonably withheld) of the other party, and any such attempted assignment shall be null and void. For purposes of this Agreement, "assignment" shall be deemed to include the transfer of all or substantially all of the assets of, or a majority interest in the voting stock of, either a party, or the merger of either a party with one or more entities, in which such party is not the surviving entity. This Agreement shall inure to the benefit of and be binding upon any permitted successor or assign of either party.

Appears in 1 contract

Samples: Joint Development Agreement (Summa Four Inc)

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