Common use of Assignment and Release Clause in Contracts

Assignment and Release. Seller agrees and acknowledges that Buyer may assign its rights under this Agreement to a wholly or partially owned entity of the Buyer or a third party that will close directly with Seller. Buyer shall give notice in writing to Seller of such assignment, and Seller agrees to release Buyer from any liability or duties under this Agreement.

Assignment and Release. Seller agrees and acknowledges that Buyer buyer may assign its their rights under this Agreement agreement to a wholly or partially owned entity of the Buyer buyer or a third party that will close directly with Sellerthe seller. Buyer shall give notice in writing to Seller of If such assignmentan assignment should happen, and Seller seller agrees to release Buyer buyer from any liability or duties under this Agreementagreement.

Assignment and Release. Seller agrees and acknowledges that Buyer may assign its rights under this Agreement to a wholly or partially owned entity of the Buyer or a third party that will close directly with Seller. Buyer shall give notice in writing to Seller of If such assignmentan assignment should happen, and Seller agrees to release Buyer from any liability or duties under this Agreement.