Restrictions of Transfer. No Party may assign its rights, duties or obligations under this Agreement to any person or entity, in whole or in part, whether by assignment, sublicense, operation of law or otherwise, without the prior written consent of the other parties, provided any Party may assign this Agreement without the other Party’s consent upon the sale of its business or all or substantially all of its assets.
Appears in 2 contracts
Sources: Joint Venture Agreement (Reticulate Micro, Inc.), Joint Venture Agreement (Aerkomm Inc.)
Restrictions of Transfer. No Party party may assign its rights, duties or obligations under this Agreement to any person or entity, in whole or in part, whether by assignment, sublicense, operation of law or otherwise, without the prior written consent of the other parties, provided any Party party may assign this Agreement without the other Partyparty’s consent upon the sale of its business or all or substantially all of its assets.. Notwithstanding the foregoing, the rights of each party hereunder shall survive any sale of such party’s business or all or substantially all of such party’s assets.
Appears in 1 contract
Sources: Strategic Alliance Agreement (Kiromic Biopharma, Inc.)