Assignment by DTIDCL Clause Samples
The 'Assignment by DTIDCL' clause defines the conditions under which DTIDCL may transfer its rights or obligations under the agreement to another party. Typically, this clause outlines whether DTIDCL can assign the contract freely or only with the other party's consent, and may specify any exceptions or required procedures for such an assignment. Its core practical function is to clarify the circumstances in which DTIDCL can delegate its contractual responsibilities or benefits, thereby providing certainty and managing the risk of unexpected changes in the parties involved.
Assignment by DTIDCL. Notwithstanding anything to the contrary contained in this Agreement, DTIDCL may, after giving 60 (sixty) days' notice to the Concessionaire, assign any of its rights and benefits and/or obligations under this Agreement; to an assignee who is, in the reasonable opinion of DTIDCL, capable of fulfilling all of DTIDCL’s then outstanding obligations under this Agreement.