Common use of Prohibition Against Assignment or Delegation Clause in Contracts

Prohibition Against Assignment or Delegation. Except as specifically provided in this Agreement, neither the Company nor the Purchaser may sell, license, transfer or assign (by operation of law or otherwise) any of such party's rights or interests in this Agreement or delegate such party's duties or obligations under this Agreement, in whole or in part, without the prior written consent of the other party, which consent may be withheld in such other party's sole discretion.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Telanetix,Inc), Stock Purchase Agreement (Telanetix,Inc), Stock Purchase Agreement (1st Step Inc)

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Prohibition Against Assignment or Delegation. Except as specifically provided in this Agreement, neither the Company nor the Purchaser may sell, license, transfer or assign (by operation of law or otherwise) any of such party's rights or interests interest in this Agreement or delegate such party's duties or obligations under this Agreement, in whole or in part, without the prior written consent of the other party, which consent may be withheld in such other party's sole discretion.

Appears in 1 contract

Samples: Stock Purchase Agreement (Van Nuys Studios Inc)

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