Common use of Successors and Assigns; Binding Effect Clause in Contracts

Successors and Assigns; Binding Effect. This Agreement, and the rights and obligations of the Parties hereunder, may not be assigned by either Party other than by will or the laws of descent and distribution. All of the terms and provisions of this Agreement shall inure to the benefit of and be binding upon the Parties and their respective executors, heirs, personal representatives, successors, and permitted assigns.

Successors and Assigns; Binding Effect. This Agreement, and the rights and obligations of the Parties parties hereunder, may not be assigned by either Party any party hereto other than by will or the laws of descent and distribution. All of the terms and provisions of this Agreement shall inure to the benefit of and be binding upon the Parties parties hereto and their respective executors, heirs, personal representatives, successors, and permitted assigns.