Common use of Assignment by Seller Clause in Contracts

Assignment by Seller. The Seller may, without the need to obtain the Purchaser’s consent, transfer and/or assign any or all of its rights and obligations under this Agreement to a transferee/assignee of its choice. The Seller shall notify the Purchaser as soon as practicable following any such assignment or transfer giving reasonable details of the rights and obligations being assigned and the identity of the assignee/transferee and the Purchaser is hereby deemed to consent to any such assignment or transfer. Upon any such assignment or transfer, the Purchaser shall be deemed to have released the Seller from those of its obligations under this Agreement which the Seller has assigned or transferred to the assignee/transferee.

Appears in 8 contracts

Samples: Sales Purchase Agreement, Sales Purchase Agreement, Sales Purchase Agreement

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