ASSIGNMENT Non-Assignability Clause Samples
The Non-Assignability clause prohibits either party from transferring their rights or obligations under the agreement to another party without prior consent. In practice, this means that if one party wishes to sell, delegate, or otherwise assign their interests in the contract, they must first obtain written approval from the other party. This clause ensures that both parties maintain control over who they are contractually bound to, preventing unwanted or unexpected changes in the contractual relationship.
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ASSIGNMENT Non-Assignability. (1) The parties covenant and agree that neither party shall, without the prior written consent of the other, which consent shall not be unreasonably withheld, transfer the whole or any part of this Agreement or any of its interest, rights or obligations hereunder other than to an Affiliate which is expressly authorized; and
(2) In the case of any such transfer the parties hereto and the assignee shall execute an agreement confirming such assignment and such assumption of obligations, provided that no such agreement shall release the assignor from its obligations hereunder.
ASSIGNMENT Non-Assignability. Provider shall not transfer nor assign any of its rights or obligations under this Agreement without the prior written consent of Aerostar. Any such transfer or assignment without Aerostar’s written consent shall be void and of no force and effect; provided further that if any said transfer occurs without Aerostar’s consent, Aerostar may terminate this Agreement immediately.