Common use of PARTIES AND BENEFITS Clause in Contracts

PARTIES AND BENEFITS. This Agreement shall be binding upon and inure to the benefit of the parties, their heirs, successors and assigns and their personal representatives. Client agrees that at any time during the term of this Agreement, Firm may either assign Firm’s rights and responsibilities hereunder to another real estate agency, or transfer to another person or entity all or part of the ownership of Firm’s real estate agency, and that in the event of any such assignment or transfer, this Agreement shall continue in full force and effect; provided, that any assignee or transferee must be licensed to engage in the business of real estate brokerage in the State of North Carolina. In the event of any such assignment or transfer, Client may terminate this Agreement without cause on thirty