Common use of Assignment of Rights and Obligations Clause in Contracts

Assignment of Rights and Obligations. On termination of this Agreement or dissolution of this association, the Association shall assign or otherwise lawfully transfer to the Department, or a non-profit entity designated by the Department, all funds, bank or other accounts containing funds for the benefit of the Department, and any contractual rights it may have with third parties to receive donated funds, goods or services for the benefit of the Department. The Association agrees to execute any documents necessary to give effect to such assignments or other transfers of such obligations or rights.

Assignment of Rights and Obligations. On termination of this Agreement or dissolution of this associationAgreement, the Association shall assign or otherwise lawfully transfer to the Department, or a non-profit entity designated by the Department, all funds, bank or other accounts containing funds for the benefit of the Department, and any contractual rights it may have with third parties to receive donated funds, goods or services for the benefit of the Department. The Association agrees to execute any documents necessary to give effect to such assignments or other transfers of such obligations or rights.