Common use of Sale, Assignment and Transfer Clause in Contracts

Sale, Assignment and Transfer. The Licensee may assign, sell, and transfer ("Transfer") its interest in this Agreement or the Rights granted herein at anytime with FOURTEEN (14) DAYS prior notice to the Licensor. A Transfer shall also mean the sale of all or a portion of the corporate shares of the Licensee resulting in a charge in control. The Licensee may without consent of the Licensor and without notice to the Licensor assign, sell and transfer all of her interest in this Agreement or the Rights to a corporation incorporated or to be incorporated (the "Assignee"), of which the Licensee or a person of her immediate family (including child, parent, spouse, sibling) is a shareholder. To the extent the Assignee assumes the covenants and obligations of the Licensee hereunder, the Licensee shall thereupon and without further agreement, be freed and relieved of all liability with respect to such covenants and obligations.

Sale, Assignment and Transfer. The Licensee Purchaser may assign, sell, and transfer ("Transfer") its interest in this Agreement or the Rights granted herein at anytime with FOURTEEN (14) DAYS prior notice to the LicensorSeller. A Transfer shall also mean the sale of all or a portion of the corporate shares of the Licensee Purchaser resulting in a charge change in control. The Licensee Purchaser may without consent of the Licensor Seller and without notice to the Licensor Seller assign, sell and transfer all of her interest in this Agreement or the Rights to a corporation incorporated or to be incorporated (the "Assignee"), of which the Licensee Purchaser or a person of his/her immediate family (including child, parent, spouse, sibling) is a shareholder. To the extent the Assignee assumes the covenants and obligations of the Licensee Purchaser hereunder, the Licensee Purchaser shall thereupon and without further agreement, be freed and relieved of all liability with respect to such covenants and obligations.