Assignment by Either Party Clause Samples

The "Assignment by Either Party" clause defines the conditions under which either party to an agreement may transfer their rights or obligations to a third party. Typically, this clause outlines whether such assignments are permitted freely, require prior written consent, or are restricted altogether. For example, it may allow assignment in the event of a merger or sale of a business, or prohibit assignment to protect the interests of the non-assigning party. The core function of this clause is to control and clarify the transferability of contractual rights and duties, thereby preventing unwanted or unexpected changes in the parties involved in the agreement.
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Assignment by Either Party. Neither party shall assign this Agreement or any part thereof without the prior written consent of the other party, which consent shall not be unreasonably withheld or delayed. Each party may, however, without such consent, assign or sell its rights under this Agreement (a) in connection with the sale or transfer of all or substantially all of its pharmaceutical business to a third party; (b) in the event of a merger or consolidation with a third party; or (c) to an Affiliate. No assignment shall relieve any party of responsibility for the performance of any accrued obligation which such party has under this Agreement. Any assignment shall be contingent upon the assignee assuming in writing all of the obligations of its assignor under this Agreement.
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Assignment by Either Party. Except as expressly provided in this Article, neither Party shall assign, novate or transfer this Agreement or any rights or interest under this Agreement, nor delegate any work or obligation to be performed under this Agreement ("Assignment"), without the other Party's prior written consent, such consent not to be unreasonably withheld (it being understood that it shall be deemed to be reasonable to withhold consent to the assignment of this Agreement or any rights, interest or obligations hereunder to a competitor of the Provider or the Owner as the case may be, an affiliate of a competitor or uncreditworthy party). Nothing herein shall preclude a Party from employing a subcontractor in carrying out its obligations under this Agreement. A Party's use of such subcontractor shall not release that Party from its obligations or liability under this Agreement.
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Assignment by Either Party. Neither Party may assign its rights or obligations hereunder without the prior written consent of each other Party other than in connection with a Change of Control of such Party, and any assignment made in breach of this Section 14.1 shall be null and void. For clarity, neither Party shall assign or transfer its rights and obligations hereunder, whether by operation of law, contract or otherwise (including in connection with the insolvency or bankruptcy affecting such Party) without the prior written consent of the other Party, except in connection with a Change of Control of the Party.
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Assignment by Either Party. Neither party shall assign this Agreement or any part thereof without the prior written consent of the other party, which consent shall not be unreasonably withheld or delayed. Each party may, however, without such consent, assign or sell its rights under this Agreement (a) in connection with the sale or transfer of all or substantially all of its pharmaceutical business to a third party; (b) in the event of a merger or consolidation with a third party; or (c) to an Affiliate. No assignment shall relieve any party of responsibility for the performance of any accrued obligation which such party has under this Agreement. Any assignment shall be contingent upon the assignee assuming in writing all of the obligations of its assignor under this Agreement. (a) [BUKWANG REDACTED] Subsequent to any assignment by Triangle pursuant Subsection 16.1(a) or (b) above, [BUKWANG REDACTED], Bukwang shall so inform Triangle in writing specifying with reasonable particularity the basis for such determination. If Triangle disagrees with Bukwang regarding Bukwang’s determination, Triangle shall so inform Bukwang in writing within thirty (30) days after receipt of such written notice and this issue shall be determined pursuant to the provisions set forth in Section 19.2. If the arbitrator(s) determine that [BUKWANG REDACTED], Triangle shall have [BUKWANG REDACTED] from the date it receives written notice of the arbitration result [BUKWANG REDACTED] that is not reasonably curable within such [BUKWANG REDACTED] period, Triangle shall have an additional reasonable period of time to effect such cure (which additional period shall in no event exceed [BUCKWANG REDACTED]). If Triangle does not send written notice of Bukwang within such thirty (30) day period disagreeing with Bukwang’s position on the matter, Triangle shall have [BUKWANG REDACTED] from the date of its receipt of Bukwang’s written notice [BUKWANG REDACTED] that is not reasonably curable within such period, Triangle shall have an additional reasonable period of time to effect such cure (which additional period shall in no event exceed [BUKWANG REDACTED]).
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Assignment by Either Party. If either Party wishes to assign this Agreement, it shall provide the other Party with a detailed description of the proposed assignee and the circumstances of the proposed assignment.
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Assignment by Either Party. Neither Party may assign this Agreement or any of its rights or delegate any of its duties under this Agreement without the prior written consent of the other; except that either Party may, without the other Party’s consent, assign this Agreement or any of its rights or delegate any of its duties under this Agreement (i) to any qualified affiliate (a “qualified affiliate” shall mean any affiliate under common ownership with such Party and financially capable of assuming and fulfilling the obligations of this Agreement in the event of such assignment, including Customer’s payment obligations), or (ii) to any purchaser of all or substantially all of such Party’s business (whether by sale of assets, sale of stock or otherwise) or to any successor by way of merger, consolidation, or similar transaction. Subject to the foregoing, this Agreement will be binding upon, enforceable by, and inure to the benefit of the Parties and their respective successors and assigns.
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Assignment by Either Party. The rights of each Party pursuant to this Agreement are personal. Subject to the provisions of this Clause 13.4 and Clause 13.5, neither Party may assign, charge, transfer or otherwise encumber or dispose of any of their rights pursuant to this Agreement unless the prior written consent of the other Party has been obtained (such consent not to be unreasonably conditioned, withheld or delayed) SAVE THAT UCD may assign its rights and obligations pursuant to this Agreement to an entity that acquires its business or assets by way of public sector reorganization.
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Assignment by Either Party. Either Party may on written notice to the other Party but without that other Party’s consent, assign any or all of its rights and delegate any or all of its obligations under this Agreement to any of its Affiliates or to any successor in interest (whether by merger, acquisition, asset purchase or otherwise) to all or substantially all of the business to which this Agreement relates.
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Assignment by Either Party. Except as provided in the following sentence, neither Party may assign this Agreement or any part hereof or any benefit or interest herein without the prior written consent of the other Party. Upon 10 business days’ notice to the other Party (or, such shorter period as may be practicable if confidentiality or other concerns prevent the giving of such advance notice), either Party may assign this Agreement (and the rights and obligations hereunder) to (i) any Affiliate of such Party that expressly assumes the assigning Party’s obligations and responsibilities under this Agreement (provided that the assigning Party shall remain fully liable for, and not be relieved from, the full performance of all obligations under this Agreement), (ii) any third party that acquires all or substantially all of the assigning Party’s assets, or (iii) or the assigning Party’s successor by way of merger or acquisition. Any attempted assignment that does not comply with the terms of this Section 9.1 shall be null and void. Beta may not assign its rights under the License independent from any assignment of the Agreement. A transaction that does not cause this Agreement, or the rights or obligations hereunder, to be transferred to a different entity shall not be deemed an assignment.
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Related to Assignment by Either Party

  • Assignment by Executive This Agreement shall inure to the benefit of and be enforceable by the Executive's executor and/or administrators, heirs, devisees, and legatees. If the Executive should die while any amount would be payable to Executive hereunder had the Executive continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive's estate. Executive's rights hereunder shall not otherwise be assignable.

  • Assignment by Seller The Seller shall have the right, upon notice to but without the consent of the Servicer, to assign, in whole or in part (but exclusive of the Servicer’s rights and obligations as owner of the servicing rights relating to the Mortgage Loans), its interest under this Agreement to the Depositor, which in turn shall assign such rights to the Trustee, and the Trustee then shall succeed to all rights of the Seller under this Agreement. All references to the Seller in this Agreement shall be deemed to include its assignee or designee and any subsequent assignee or designee, specifically including the Trustee.

  • Assignment by Buyer Buyer shall have the right to assign this Agreement to any third party or parties and no consent on the part of Seller shall be required for such assignment, provided however, that any such assignment shall not relieve Buyer of its liabilities and obligations hereunder.

  • Assignment by Purchaser The Purchaser shall have the right, without the consent of the Company but subject to the limit set forth in Section 2.02 hereof, to assign, in whole or in part, its interest under this Agreement with respect to some or all of the Mortgage Loans, and designate any person to exercise any rights of the Purchaser hereunder, by executing an Assignment and Assumption Agreement and the assignee or designee shall accede to the rights and obligations hereunder of the Purchaser with respect to such Mortgage Loans. All references to the Purchaser in this Agreement shall be deemed to include its assignee or designee.

  • Assignment by Owner 51 Section 12.11