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.
Appears in 2 contracts
Sources: Marine Maintenance Service Agreement (Flag Telecom Holdings LTD), Marine Maintenance Service Agreement (Flag Telecom Holdings LTD)