Common use of Assignment by Customer Clause in Contracts

Assignment by Customer. Customer may not assign or transfer this Agreement, in whole or in part, without Company’s written consent except that you may assign your rights and obligations under this Agreement, in whole but not in part, without Company’s written consent in connection with any merger, consolidation, sale of all or substantially all of your assets, or any other similar transaction provided that: (a) the assignee is not a direct competitor of Company; (b) you provide prompt written notice of such assignment to Company; (c) the assignee is capable of fully performing your obligations under this Agreement; and (d) the assignee agrees to be bound by the terms and conditions of this Agreement. Any attempt to transfer or assign this Agreement without such written consent will be null and void. Assigning, transferring or sublicensing this Agreement shall not relieve Customer of its obligations hereunder.