Common use of Nonassignability and Binding Effect Clause in Contracts

Nonassignability and Binding Effect. Each party agrees that its rights and obligations under this Agreement may not be transferred or assigned directly or indirectly (including assignment by operation of law) without the prior written consent of the other party, except to a successor in interest to all (or substantially all) of the first party's business (whether by operation of law or otherwise). Subject to the foregoing sentence, this Agreement will be binding upon and inure to the benefit of the parties hereto, their successors and assigns.

Appears in 2 contracts

Samples: Oem Agreement (Pinnacle Systems Inc), Oem Agreement (Pinnacle Systems Inc)

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Nonassignability and Binding Effect. Each Neither party agrees that may transfer or assign any of its rights and obligations under this Agreement may not be transferred or assigned directly or indirectly (including assignment by operation of law) without the prior written consent of the other party, except to a successor in interest to all (or substantially all) of the first party's business (whether by operation of law or otherwise). Subject to the foregoing sentenceforegoing, this Agreement will shall be binding upon and inure to the benefit of the parties hereto, hereto and their successors and assigns.

Appears in 1 contract

Samples: Oem Purchasing Agreement (Zonare Medical Systems Inc)

Nonassignability and Binding Effect. Each party Party agrees that its rights and obligations under this Agreement may not be transferred or assigned directly or indirectly (including assignment by operation of law) without the prior written consent of the other party, except to a successor in interest to all (or substantially all) of the first party's business (whether by operation of law or otherwise)each Party hereto. Subject to the foregoing sentence, this Agreement will shall be binding upon and inure to the benefit of the parties Parties hereto, their successors successors, and assigns.

Appears in 1 contract

Samples: License Agreement (Bitwise 10 Crypto Index Fund)

Nonassignability and Binding Effect. Each party agrees that its rights and obligations under this Agreement may not be transferred or assigned directly or indirectly (including assignment by operation of law) without the prior written consent of the other party except in connection with the sale, acquisition or reorganization of such party, except to a successor in interest to all (or substantially all) of the first party's business (whether by operation of law or otherwise). Subject to the foregoing sentence, this Agreement will shall be binding upon and inure to the benefit of the parties hereto, hereto and their successors and assigns. Any purported assignment in violation of this Section shall be null and void.

Appears in 1 contract

Samples: International Distributor Agreement (Zap)

Nonassignability and Binding Effect. Each party agrees that its rights and obligations under this Agreement may not be transferred or assigned directly or indirectly (including assignment by operation of law) without the prior written consent of the other party, which consent shall not be unreasonably withheld, except to a successor in interest to connection with the sale of all (or substantially all) all of the first assigning party's business (whether by operation of law or otherwise)related business. Subject to the foregoing sentence, this Agreement will shall be binding upon and inure to to, the benefit of the parties hereto, their successors and assigns.

Appears in 1 contract

Samples: Vitrogen International Distribution Agreement (Collagen Corp /De)

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Nonassignability and Binding Effect. Each party of the Parties agrees that its rights and obligations under this Agreement may not be transferred or assigned directly or indirectly (including assignment by operation of law) without the prior written consent of the other party, except to a successor in interest to all (or substantially all) of the first party's business (whether by operation of law or otherwise). Subject to the foregoing sentence, this Agreement will be binding upon and inure to the benefit of the parties hereto, their successors and assigns.

Appears in 1 contract

Samples: Distribution Partner Agreement

Nonassignability and Binding Effect. Each party Party agrees that its rights and obligations under this Agreement may not be transferred or assigned directly or indirectly (including assignment by operation of law) without the prior written consent of the other partyParty, which consent shall not be unreasonably withheld, except to a successor in interest to connection with the sale of all (or substantially all) all of the first partyassigning Party's business (whether by operation of law or otherwise)related business. Subject to the foregoing sentence, this Agreement will shall be binding upon and inure to to, the benefit of the parties Parties hereto, their successors and assigns; except that upon any attempted assignment contrary to the provisions of this Section 9.8, either Party may terminate this Agreement immediately upon notice to the other Party.

Appears in 1 contract

Samples: Development, Commercialization and License Agreement (Connetics Corp)

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