Assignments and Delegations. This agreement shall be mutually beneficial and be binding upon the parties and their respective successors and assignees. Neither party shall assign or delegate this Agreement or any rights, privileges or obligations under this Agreement without the prior written consent of the other party. Notwithstanding the foregoing, no such consent shall be required for any such assignment of delegation by a party which is part of or incident to the sale or other transfer, whether by sale, merger, consolidation, or other corporate reorganization, of all or substantially all of such party's assets and business, so long as the assignees or successor shall be a corporation owning or retaining all or substantially all of such assets and business and shall have assumed all of such party's obligations under this agreement except as the said successors and assignees or their Licenser, license, affiliated company complete with the other party.
Appears in 2 contracts
Samples: Oem Agreement (Adept Technology Inc), Adept Technology Inc
Assignments and Delegations. This agreement shall be mutually beneficial inure to the benefit and be binding upon the parties and their respective successors and assignees. Neither party shall assign or delegate this Agreement agreement or any rights, privileges or obligations under this Agreement agreement without the prior written consent of the other party. Notwithstanding the foregoing, no such consent shall be required for any such assignment of or delegation by a party which that is part of or incident to the sale or other transfer, whether by sale, merger, consolidation, or other corporate reorganization, of all . All or substantially all of such party's assets and business, so long as the assignees or successor shall be a corporation owning or retaining all or substantially all of such assets and business and shall have assumed all of such party's obligations under this agreement except as the said successors and assignees or their Licenserlicenser, license, affiliated company complete with the other party.
Appears in 1 contract
Assignments and Delegations. This agreement Agreement shall be mutually beneficial inure to the benefit and be binding upon the parties and their respective successors and assignees. Neither party shall assign or delegate this Agreement or any rights, privileges or obligations under this Agreement without the prior written consent of the other party. Notwithstanding the foregoing, no such consent shall be required for any such assignment of or delegation by a party which is part of or incident to the sale or other transfer, whether by sale, merger, consolidation, or other corporate reorganization, of all or substantially all of such party's assets and business, so long as the assignees or successor shall be a corporation owning or retaining all or substantially all of such assets and business and shall have assumed all of such party's obligations under this agreement except as the said successors and assignees or their Licenserlicenser, license, affiliated company complete with the other party.
Appears in 1 contract
Samples: Adept Technology Inc