Common use of Prohibition of Assignment Clause in Contracts

Prohibition of Assignment. Neither the University nor the Collaborator may assign to a third party the contractual status under this Agreement or any rights or obligations arising from this Agreement without obtaining the prior written consent of the other party. The above applies regardless of whether or not the assignment arises from a merger or assignment of the whole or any part of the businesses relating to the purpose of this Agreement.

Prohibition of Assignment. Neither the University nor the Collaborator may assign to a third party the contractual status under this Agreement or any rights or obligations arising from this Agreement without obtaining the prior written consent of the other party. The above applies regardless of whether or not the assignment arises from a merger or assignment of the whole or any part of the businesses relating to the purpose of this Agreement.