Common use of Assignment; Successors and Assigns, etc Clause in Contracts

Assignment; Successors and Assigns, etc. Neither FairMarket nor Executive may make any assignment of this Agreement or any interest herein, by operation of law or otherwise, without the prior written consent of the other party; provided that FairMarket may assign its rights under this Agreement without the consent of Executive in the event that FairMarket shall effect a reorganization, consolidate with or merge into any other corporation, partnership, organization or other entity, or transfer all or substantially all of its properties or assets to any other corporation, partnership, organization or other entity. This Agreement shall inure to the benefit of and be binding upon FairMarket and Executive, their respective successors, executors, administrators, heirs and permitted assigns.