Common use of Benefit of Agreement and Assignment Clause in Contracts

Benefit of Agreement and Assignment. The rights and obligations of the parties under this Agreement shall inure to the benefit of, and shall be binding upon, the successors and assigns of the parties. This agreement may not be assigned by either party or by operation of law or otherwise.

Benefit of Agreement and Assignment. The rights and obligations of the parties under this This Agreement shall inure inures to the benefit ofof and is binding upon the parties hereto and their respective executors, and shall be binding uponadministrators, the successors and assigns assigns; provided, however, that neither party may assign any of its rights or duties hereunder except upon the prior written consent by the authorized representatives of the parties. This agreement may not be assigned by either party or by operation of law or otherwiseother party.