Assignability of Contracts. CANB shall have received confirmation from all third parties who have Contracts with GGFI and/or ICNB, as applicable, that the transactions contemplated by this Agreement and the assignment of applicable Contracts from ICNB to CANB shall not in any way negatively impact or invalidate such Contracts. Furthermore, ICNB shall have provided to CANB one or more assignments, in a form reasonably acceptable to CANB, assigning all of ICNB’s rights under the Contracts to CANB.
Appears in 2 contracts
Sources: Stock Purchase Agreement (Iconic Brands, Inc.), Stock Purchase Agreement (Canbiola, Inc.)