Binding Force; Transfer Clause Samples

The 'Binding Force; Transfer' clause establishes that the terms of the agreement are legally binding on the parties and their successors, and addresses whether rights or obligations under the contract can be transferred or assigned to others. Typically, this clause specifies if a party may assign its interests to a third party, such as in the case of a merger or sale, and may require prior written consent for any such transfer. Its core function is to ensure continuity and enforceability of the contract, while controlling and clarifying how contractual rights and duties may be passed on to other entities, thereby preventing unauthorized or unwanted transfers.
Binding Force; Transfer. No party may transfer any of its rights and/or obligations under this Agreement without the prior written consent of the other parties; however, Investor Shareholders shall have the right to transfer the rights, interests and obligations under this Agreement to their related parties without the consent of other parties. This Agreement shall be binding upon and inure to the benefit of the heirs, successors, executors, administrators, and transferees of the parties of this Agreement.
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Binding Force; Transfer. The Agreement shall be binding upon and enforceable against the Parties, their successors and permitted assigns. Without the prior written approval of the other parties, the Parties may not transfer any of its rights or obligations under the Agreement, but the Buyer has the right, without the prior consent of the other parties, to transfer all or part of its rights under the Agreement to any of its affiliates.
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Binding Force; Transfer. Subject to Clause 5.1, this Agreement shall be binding upon and beneficial to the heirs, successors, executors and administrators of the Parties hereto, as well as the Transferee. However, this Agreement shall not be transferred by any party to this Agreement (other than Investors) without the prior written consent of the respective Investors. This Agreement and the rights and obligations hereunder may be transferred by any Investor to any Person without the prior written consent of the other Parties to this Agreement, provided that such Person has signed a contract of compliance and consented to be bound by this Agreement.
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Binding Force; Transfer. The Agreement shall be binding upon and enforceable against all the Parties, successors and permitted assignees thereof. Without the prior written approval of the other Parties, either Party may not transfer any of its rights or obligations under the Agreement, but Changyou has the right, without the prior consent of the other Parties, to transfer all or part of its rights under the Agreement to any of its related parties.
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Related to Binding Force; Transfer

  • Binding Agreement This Agreement shall be binding and inure to the benefit of the Parties hereto and their respective heirs, legal successors, and assigns.

  • Binding Agreement; Assignment This Agreement shall inure to the benefit of, be binding upon, and be enforceable by the Company and its successors and assigns. The Participant shall not assign (except in accordance with Section 6 hereof) any part of this Agreement without the prior express written consent of the Company.

  • Binding Nature; Assignment This Agreement shall be binding upon and inure to the benefit of the parties hereto and their permitted successors and assigns. Neither party shall assign or otherwise transfer any rights or obligations under this Agreement without the express written consent of the other party; provided, however, that either party may assign its rights or obligations under this Agreement to any Affiliate of such party; provided, further, that no such assignment shall relieve the assigning party of its obligations hereunder.

  • Execution, Delivery; Valid and Binding Agreement The execution, delivery and performance of this Agreement by Buyer and the consummation of the transactions contemplated hereby have been duly and validly authorized by all requisite corporate action, and no other corporate proceedings on its part are necessary to authorize the execution, delivery or performance of this Agreement. This Agreement has been duly executed and delivered by Buyer and constitutes the valid and binding obligation of Buyer, enforceable in accordance with its terms.

  • Binding Nature of Agreement; Assignment This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns.