Common use of Sublicensing and Distribution Clause in Contracts

Sublicensing and Distribution. (i) The performance of Licensee hereunder is of a personal nature. Therefore, neither this Agreement nor the license or other rights granted hereunder may be assigned, sublicensed or transferred by Licensee, whether to a subsidiary or Affiliate except as approved by Licensor in advance, in writing, which approval will not be unreasonably denied.

Sublicensing and Distribution. (i) The performance of Licensee hereunder is of a personal nature. Therefore, neither this Agreement nor the license License or other rights granted hereunder may be assigned, sublicensed or transferred by Licensee, whether to a subsidiary or Affiliate except as approved by Licensor in advance, in writing, which approval will not be unreasonably denied. However, any assignment of this Agreement or the rights granted hereunder must be to an entity with equal or superior financial strength to Licensee.