Common use of Assignment/Transferability Clause in Contracts

Assignment/Transferability. MG may sell, assign, or otherwise transfer (by operation of law or otherwise) any of its rights or obligations under this Agreement without the prior written permission of WRT. Upon the acceptance of the assignment and assumption of the obligations, duties and liabilities by assignee, MG shall be released and discharged, to the extent of the assignment, from all further obligations, duties and liabilities under this Agreement solely as to any products that are not ordered by MG prior to the effective date of the assignment.