Common use of Binding Effect; Non-Assignability Clause in Contracts

Binding Effect; Non-Assignability. This Agreement shall be binding upon and enforceable against the parties hereto and their respective successors and permitted assigns. Neither party shall assign its rights and obligations under this Agreement without the prior written consent of the other party, which consent shall not be unreasonably withheld; provided, however, that either party may assign this Agreement to an affiliate of such party.

Appears in 3 contracts

Sources: License Agreement, License Agreement (GeNOsys, Inc.), License Agreement (GeNOsys, Inc.)

Binding Effect; Non-Assignability. This Agreement shall be is binding upon and enforceable against on the parties hereto and their respective successors executors, administrators, legal representatives and permitted assignssuccessors. Neither party shall assign its rights This Agreement and obligations under this Agreement the respective duties and responsibilities of the parties hereunder are not assignable, in whole or in part, without the prior written consent of the other party, which consent shall not be unreasonably withheld; provided, however, that either party may assign this Agreement to an affiliate of such party.

Appears in 1 contract

Sources: Product Promotion Agreement (Sel-Leb Marketing Inc)