Burdens and Benefits Clause Samples
The "Burdens and Benefits" clause defines how the obligations (burdens) and advantages (benefits) of an agreement are assigned to the parties involved. In practice, this clause clarifies which party is responsible for performing certain duties and which party is entitled to receive specific rights or advantages under the contract. For example, it may specify that the buyer assumes all benefits and liabilities associated with a property as of the closing date. The core function of this clause is to ensure clarity regarding the distribution of responsibilities and entitlements, thereby preventing disputes over who is accountable for particular aspects of the agreement.
Burdens and Benefits. This Agreement shall be binding upon Seller, Purchaser, and their respective successors and assigns.
Burdens and Benefits. This Agreement will be binding upon and will inure to the benefit of the parties, their successors and assigns, as permitted hereunder.
Burdens and Benefits. This Lease shall be binding upon Lessor and Lessee and their respective successors and assigns.
Burdens and Benefits. This Agreement shall be binding upon -------------------- and shall inure to the benefit of the respective legal representatives, successors and assigns of Bank, or its nominee, and Borrower, their legal representatives, successors and assigns.
Burdens and Benefits. This Lease is granted subject to or (as the case may be) with the benefit of:- all servitudes and similar rights and privileges to which the Property is or may be subject; and the matters and all rights which are excepted and reserved referred to in or arising out of the Title Deeds.
Burdens and Benefits. This Lease shall be binding upon ▇▇▇▇▇▇ and ▇▇▇▇▇▇ and their respective successors and assigns.
Burdens and Benefits. The burdens of the Development Agreement are binding upon, and the benefits of the agreement shall inure to, all successors in interest to the parties to the agreement.
Burdens and Benefits. Subject to the limitations of Section 6 (e), this Agreement shall be binding upon and shall inure to the benefit of the parties and their successors .
Burdens and Benefits. This Agreement shall be binding on and shall inure to the benefit of the respective legal representatives, successors and assigns of Manager, Owner and any future owner of the rock crushing operation.