Binding and Assignment Clause Samples
The Binding and Assignment clause establishes that the agreement is legally enforceable on the parties involved and outlines whether and how rights or obligations under the contract can be transferred to others. Typically, this clause specifies if a party may assign its interests or delegate its duties to a third party, often requiring prior written consent from the other party. Its core function is to ensure that all parties are clear about who is responsible for fulfilling the contract and to prevent unwanted transfers of obligations or benefits, thereby maintaining control and predictability in contractual relationships.
Binding and Assignment. The Agreement is binding upon and shall inure to the benefit of Executive’s heirs, executors, administrators or other legal representatives, and upon the successors of, or any Company into which, the Company merges or consolidates. The Company shall assign or otherwise transfer this Agreement and all of its rights, duties, obligations, or interests under it to any successor to all or a material part of the business of the Company. Upon such assignment or transfer, any such business entity will be deemed to be substituted for the Company for all purposes. Executive may not assign or delegate the obligations of Executive under this Agreement.
Binding and Assignment. (a) This Guarantee and all of the provisions hereof shall be binding upon and ensure to the benefit of the parties and their respective successors and permitted assigns. This Guarantee is not intended to confer upon any other Person, except the parties and their respective successors and permitted assigns, any rights, interests, obligations or remedies under this Guarantee.
(b) Neither this Guarantee nor any of the rights, interests or obligations under this Guarantee shall be assigned by either party without the prior written consent of the other party. Notwithstanding the foregoing, if the Ontario Power Authority has been established pursuant to legislation and assigns the Agreement to the Ontario Power Authority, the Buyer may assign this Guarantee to the Ontario Power Authority without the consent of the Guarantor.
Binding and Assignment. (a) This Guarantee and all of the provisions hereof shall be binding upon and ensure to the benefit of the parties and their respective successors and permitted assigns. York Region DR Contract Released November 30, 2005 This Guarantee is not intended to confer upon any other Person, except the parties and their respective successors and permitted assigns, any rights, interests, obligations or remedies under this Guarantee.
(b) Neither this Guarantee nor any of the rights, interests or obligations under this Guarantee shall be assigned by either party without the prior written consent of the other party. Notwithstanding the foregoing, this Guarantee shall automatically be deemed to have been assigned to any valid assignee of the Agreement.
Binding and Assignment. (a) This Guarantee and all of the provisions hereof shall be binding upon and enure to the benefit of the parties and their respective successors and permitted assigns. This Guarantee is not intended to confer upon any other Person, except the parties and their respective successors and permitted assigns, any rights, interests, obligations or remedies under this Guarantee.
(b) Neither this Guarantee nor any of the rights, interests or obligations under this Guarantee shall be assigned by either party without the prior written consent of the other party. Notwithstanding the foregoing, if the Buyer assigns the Agreement to an assignee pursuant to Sections 16.5(d) or 16.5(e) thereof, then the Buyer may assign this Guarantee to such assignee without the consent of the Guarantor or the Supplier.
Binding and Assignment. This Contract is binding to the successors, heirs, and assigns of ▇▇▇▇▇▇▇▇▇.▇▇▇. Neither this Contract, nor any claim arising under this Contract, shall be transferred or assigned by ▇▇▇▇▇▇▇▇▇.▇▇▇ without prior written consent of the TOWN.