Assignment; Nonalienation Sample Clauses
The "Assignment; Nonalienation" clause restricts a party’s ability to transfer or assign their rights and obligations under an agreement to another party without prior consent. In practice, this means that neither party can sell, give away, or otherwise transfer their interests in the contract, such as payment rights or duties to perform, unless the other party agrees in writing. This clause serves to maintain control over who is involved in the contractual relationship, preventing unwanted third parties from stepping in and ensuring that the original parties retain their negotiated expectations and protections.
Assignment; Nonalienation. This Agreement and any rights hereunder are personal to Executive and cannot be assigned or otherwise transferred by Executive. This Agreement may be assigned by the Company to any successor to its business. The interests of Executive under this Agreement are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors of Executive or Executive’s beneficiary.