Common use of Assignment or novation Clause in Contracts

Assignment or novation. (a) The Contractor may not assign or novate this agreement or otherwise deal with the benefit of it or a right under it, without the prior written consent of REA (such consent not to be unreasonably withheld). (b) REA may by notice to the Contractor assign or novate this agreement to any Related Body Corporate or entity that replaces or assumes REA rights and obligations. If requested, the Contractor agrees to execute such documents as ▇▇▇ may reasonably and lawfully require to formalise such assignment or novation.