Common use of Assignment/Novation Clause in Contracts

Assignment/Novation. (a) The obligations of the Seller under this Agreement may not be assigned or subcontracted in whole or in part nor may any assignment of any money due or to become due hereunder be made by the Seller without the prior written consent of the Purchaser and any such assignment shall be null and void for all purposes. (b) Without prejudice to any other provision of this Agreement, the Seller shall (upon the request of the Purchaser) promptly execute such documents and take such other steps as may be required by the Purchaser to give effect to an assignment or a novation of that part of the contract between the Purchaser or the Purchaser’s affiliates, related corporations, successors or assigns and their respective direct or indirect customer(s) in respect of or pertaining to the products or any component parts thereof or this Agreement and the relevant purchase order(s) to the direct or indirect customer(s) of the Purchaser or the Purchaser’s affiliates, related corporations, successors and/or assignees, on terms acceptable to the Purchaser, including without limitation, the release and discharge of the Purchaser from all liabilities in respect thereof and/or hereof. (c) The obligations in this Clause shall survive the completion of performance of the purchase order(s) and the expiry or termination of this Agreement.