Common use of Assignment and Dealings Clause in Contracts

Assignment and Dealings. 14.1 The Developer agrees that it will not Deal with, transfer, mortgage or otherwise encumber any interest in the Land, or assign or novate any rights or obligations under this Agreement, to a third party (Third Party) unless: 14.1.1 Council has given its prior written consent to the proposed assignment or Dealing; 14.1.2 the Third Party has, at no cost to Council, entered into an agreement with the Developer and Council in which the Third Party agrees to be bound by the Agreement as if they were a party to the original Agreement; and 14.1.3 the Developer is not in breach of the Agreement. 14.2 The Developer agrees that it will not lodge any caveat or other instrument upon the title of the Land which may prohibit or hinder registration of this Agreement.