Free Assignability Clause Samples
The Free Assignability clause allows one or both parties to transfer their rights and obligations under the contract to another party without needing the other party’s consent. In practice, this means that if a company sells its business or wants to delegate its contractual duties, it can do so freely, and the new party steps into its place under the agreement. This clause is particularly useful for providing flexibility and facilitating business transactions, as it removes barriers to assignment and ensures that contractual rights can be transferred without delay or negotiation.
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Free Assignability. Nothing herein contained is intended or shall be interpreted to preclude or limit Patick's right, ability and entitlement to sell, assign or transfer this Agreement in whole or in part, and Patick's rights and obligations, including without limitation in respect of and to the Option and the right to purchase the Option Stock for the Purchase Price, as provided for herein.
Free Assignability. Pursuant to the related Loan Documents with respect to such Purchased Loan, the Loan Documents require only usual and customary notice to and/or consents from the applicable Underlying Obligor, administrative agent and/or other Persons to effectuate the assignment and transfer of such Purchased Loan from Seller to Buyer.