ASSUMPTION OR TAKEOVER Clause Samples
The Assumption or Takeover clause establishes the conditions under which one party may assume or take over the obligations and rights of another party under a contract. Typically, this clause outlines the process for transferring responsibilities, such as requiring written consent from the original parties or specifying notification procedures. Its core practical function is to facilitate the smooth transition of contractual duties and benefits, ensuring continuity and clarity in the event of a change in the responsible party.
ASSUMPTION OR TAKEOVER.
5.4.1 Contractor shall not be entitled to payment or reimbursement for any tasks or Services performed, nor for any incidental or administrative expenses whatsoever incurred in or incidental to performance hereunder, except as specified herein. Assumption or takeover of any of Contractor's duties, responsibilities, or obligations, or performance of same by any person or entity other than Contractor, whether through assignment, subcontract, delegation, merger, buyout, or any other mechanism, with or without consideration for any reason whatsoever, shall not occur except with County's express prior written approval.
ASSUMPTION OR TAKEOVER.
5.4.1 Subrecipient shall not be entitled to payment or reimbursement for any tasks or Services performed, nor for any incidental or administrative expenses whatsoever incurred in or incidental to performance hereunder, except as specified herein. Assumption or takeover of any of Subrecipient's duties, responsibilities, or obligations, or performance of same by any person or entity other than Subrecipient, whether through assignment, Lower Tier Subaward, delegation, merger, buyout, or any other mechanism, with or without consideration for any reason whatsoever, shall not occur except with County's express prior written approval.
ASSUMPTION OR TAKEOVER. 5.4.1 Contractor shall not be entitled to payment or reimbursement for any tasks or Services performed, nor for any incidental or administrative expenses whatsoever incurred in or incidental to performance hereunder, except as specified herein. Assumption or takeover of any of Contractor's duties, responsibilities, or obligations, or performance of same by any entity other than Contractor, whether through assignment, subcontract, delegation, merger, buyout, or any other mechanism, with or without consideration for any reason whatsoever, shall occur only with SELACO WDB's express prior written approval.