Assignment Benefit of Agreement Third Party Beneficiary Clause Samples

The "Assignment; Benefit of Agreement; Third-Party Beneficiary" clause primarily governs whether and how the rights and obligations under the agreement can be transferred to others, and clarifies who is entitled to benefit from the contract. Typically, this clause restricts either party from assigning their interests or duties to another party without prior written consent, and explicitly states that only the original parties to the agreement have enforceable rights, unless otherwise specified. Its core function is to prevent unauthorized transfers of contractual rights and to ensure that only intended parties can claim benefits or enforce terms, thereby maintaining control and predictability over the agreement's execution.