Common use of EXCLUSIVITY OF OPTION Clause in Contracts

EXCLUSIVITY OF OPTION. This Option Addendum and the Option are exclusive and non-assignable and exist solely for the benefit of the Buyer. Should Buyer attempt to assign, convey, delegate, or transfer the Option without Seller's express written consent, the Option shall be deemed null and void. Notwithstanding the foregoing, this Option Addendum and the Option shall be binding on, and shall inure to the benefit of each parties' respective heirs.