Successor Rights and Assignment Sample Clauses
The Successor Rights and Assignment clause defines how rights and obligations under a contract may be transferred to another party. Typically, it outlines whether either party can assign the agreement to a third party, such as in the event of a merger, acquisition, or sale of business assets, and may require prior written consent for such assignments. This clause ensures that all parties are aware of and agree to any changes in who is responsible for fulfilling the contract, thereby preventing unauthorized transfers and maintaining contractual stability.
Successor Rights and Assignment. This Agreement shall bind, inure to the benefit of and be enforceable by EXECUTIVE's personal or legal representatives, executors, administrators, successors, heirs, distributees, and legatees. The rights and obligations of COMPANY under this Agreement may be assigned by COMPANY, in which event it shall be binding upon, and inure to the benefit of, the person(s) or entity(ies) to whom it is assigned. EXECUTIVE may not assign his duties hereunder and he may not assign any of his rights hereunder without the written consent of COMPANY.
Successor Rights and Assignment. This Agreement shall bind, inure to the benefit of and be enforceable by EXECUTIVE's personal or legal representatives, executors, administrators, successors, heirs, distributees, and legatees. The rights and obligations of COMPANY under this Agreement may be assigned by COMPANY as part of the assignment or transfer (including, without limitation, by merger or other event resulting in such assignment by operation of law) of all or substantially all of COMPANY'S assets and business, provided that at the time of such assignment the assignee has the ability to meet the obligations to EXECUTIVE set forth in this Agreement, in which event this Agreement shall be binding upon, and inure to the benefit of, the person(s) or entity(ies) to
Successor Rights and Assignment. This Agreement shall bind, inure to the benefit of, and be enforceable by Executive's personal or legal representatives, executors, administrators, successors, heirs, distributees, and legatees. The rights and obligations of Parent and/or Company under this Agreement may not be assigned without the prior written consent of Executive. Executive may not assign her duties hereunder and she may not assign any of her rights hereunder without the prior written consent of Company.
Successor Rights and Assignment. This Agreement shall bind, inure to the benefit of and be enforceable by the EXECUTIVE'S personal or legal representatives, executors, administrators, successors, heirs, distributees, and legatees. The rights and obligations of the COMPANY under this Agreement may be assigned by the COMPANY as part of the assignment or transfer (including, without limitation, by merger or other event resulting in such assignment by operation of law) of all or substantially all of the COMPANY'S assets and business, provided that at the time of such assignment the assignee has the ability to meet the obligations to the EXECUTIVE set forth in this Agreement, in which event this Agreement shall be binding upon, and inure to the benefit of, the person(s) or entity(ies) to whom it is assigned. The EXECUTIVE may not assign his duties hereunder and he may not assign any of his rights hereunder without the written consent of the COMPANY.
Successor Rights and Assignment. This Agreement shall bind, inure to the benefit of and be enforceable by EXECUTIVE's personal or legal representatives, executors, administrators, successors, heirs, distributees, and legatees. The rights and obligations of COMPANY or MEDIBUY under this Agreement may be assigned by MEDIBUY, in which event it shall be binding upon, and inure to the benefit of, the person(s) or entity(ies) to whom it is assigned. EXECUTIVE may not assign his duties hereunder and he may not assign any of his rights hereunder without the written consent of MEDIBUY. [This space intentionally left blank.]
Successor Rights and Assignment. This Agreement shall bind, inure to the benefit of and be enforceable by Ridgewood's legal representatives, administrators, successors, and assigns. The rights and obligations of medibuy under this Agreement may be assigned by medibuy, in which event it shall be binding upon, and inure to the benefit of, the person(s) or entity(ies) to whom it is assigned. Ridgewood may not assign its duties hereunder and may not assign any of its rights hereunder without the written consent of medibuy.
Successor Rights and Assignment. This Agreement shall bind, inure to the benefit of, and be enforceable by Consultant's successors and assigns. The rights and obligations of Parent and/or Company under this Agreement may not be assigned without the prior written consent of Consultant. Consultant may not assign its duties hereunder and he may not assign any of its rights hereunder without the prior written consent of Company.