Common use of Who is Bound Clause in Contracts

Who is Bound. Releasors are bound by this Release and Indemnification Agreement. Anyone who succeeds to Releasors’ rights and responsibilities is also bound. This Release and Indemnification Agreement and the obligations undertaken herein cannot be assigned except to Releasors' successor in interest. Such successor of Releasors shall be bound to these obligation as set forth herein and it shall be Releasors's obligation to properly notify such successor. This Release and Indemnification Agreement is made for Releasees’ benefit and all who succeed to their rights and responsibilities such as their heirs or successors in interest. This document shall continue in perpetuity for the benefit of Releasor and may only be released by mutual agreement of the parties which agreement shall be evidenced in writing.

Who is Bound. Releasors are bound by this Release and Indemnification Agreement. Anyone who succeeds to Releasors’ rights and responsibilities is also bound. This Release and Indemnification Agreement and the obligations undertaken herein cannot be assigned except to Releasors' successor in interest. Such successor of Releasors shall be bound to these obligation as set forth herein and it shall be Releasors's ’ obligation to properly notify such successor. This Release and Indemnification Agreement is made for Releasees’ benefit and all who succeed to their rights and responsibilities such as their heirs or successors in interest. This document shall continue in perpetuity for the benefit of Releasor and may only be released by mutual agreement of the parties which agreement shall be evidenced in writing.