Common use of ASSIGNMENT OF THE PRINCIPAL AGREEMENT Clause in Contracts

ASSIGNMENT OF THE PRINCIPAL AGREEMENT. 1.1 In consideration of Peptide agreement to assume all the obligations and liabilities of Medeva under the Principal Agreement from the Effective Date, Medeva hereby assigns and Peptide hereby accepts the assignment of the Principal Agreement on the terms herein (the "Assignment"). 1.2 In consideration of (a) Peptide agreeing to accept the terms and conditions of the Principal Agreement from the Effective Date and (b) Medeva and Peptide accepting the terms and conditions of this Agreement, the University hereby consents to the Assignment without further recourse against Medeva for any reason whatsoever, []* 1.3 With effect from the effective Date all contractual rights and obligations under the Principal Agreement shall be enforceable exclusively between the University and Peptide as fully as if Peptide had been an original party to the Principal Agreement in place of Medeva from the Effective Date save only that 1.3.1 the Principal Agreement shall be varied as set out in clause 2 1.3.2 for the avoidance of doubt it is accepted by University the Termination of the Project by Medeva was valid and University has no claim against Medeva in relation to its work under the Project. Further, such termination of the Project by Medeva shall have no effect upon the new project to be commenced by Peptide with Medeva following the Effective Date.

ASSIGNMENT OF THE PRINCIPAL AGREEMENT. 1.1 In consideration of Peptide agreement to assume all the obligations and liabilities of Medeva under the Principal Agreement from the Effective Date, Medeva hereby assigns and Peptide hereby accepts the assignment of the Principal Agreement on the terms herein (the "Assignment"). 1.2 In consideration of (a) Peptide agreeing to accept the terms and conditions of the Principal Agreement from the Effective Date and (b) Medeva and Peptide accepting the terms and conditions of this Agreement, the University hereby consents to the Assignment without further recourse against Medeva for any reason whatsoever, []*. 1.3 With effect from the effective Date all contractual rights and obligations under the Principal Agreement shall be enforceable exclusively between the University and Peptide as fully as if Peptide had been an original party to the Principal Agreement in place of Medeva from the Effective Date save only that 1.3.1 the Principal Agreement shall be varied as set out in clause 2 1.3.2 for the avoidance of doubt it is accepted by University the Termination of the Project by Medeva was valid and University has no claim against Medeva in relation to its work under the Project. Further, such termination of the Project by Medeva shall have no effect upon the new project to be commenced by Peptide with Medeva following the Effective Date.