ASSIGNMENT BARRED Sample Clauses
The "Assignment Barred" clause prohibits either party from transferring their rights or obligations under the contract to another party without prior consent. In practice, this means that neither side can sell, assign, or delegate their contractual interests or duties to a third party, such as subcontracting work or transferring payment rights, unless the other party agrees. This clause serves to maintain control over who is involved in the contractual relationship, preventing unwanted or unknown parties from entering the agreement and ensuring that both parties deal only with the original signatories.
ASSIGNMENT BARRED. This agreement is nonassignable.
ASSIGNMENT BARRED. Neither party may assign its rights or duties under this Agreement without the prior written consent of the other party
ASSIGNMENT BARRED. Neither party may assign its rights or duties under this Agreement without the prior written consent of the party, except to a successor of all or substantially all of its business and properties. This limitation does not restrict the right of E25 to retain independent contractors to complete its work.