Assignment & Corporate Reorganisation. The Partner may not cede, assign, or otherwise transfer this agreement, or any portion thereof, to any third party unless the Company expressly consents to such assignment in writing. For the purposes of this agreement, a merger, consolidation, or other corporate reorganization, or a transfer or sale of a controlling interest in the Company stock, or of all or substantially all of its assets, shall render this agreement null and void, insofar as current directors/officers/shareholders liability is concerned. Obligation of performance of this agreement shall rest with the new entity, directors, officers and/or shareholders.
Appears in 5 contracts
Samples: Partnership Agreement, Partnership Agreement, Partnership Agreement
