AGREEMENT BINDING AND ASSIGNMENT LIMITATIONS Clause Samples
The 'Agreement Binding and Assignment Limitations' clause establishes that the contract is legally binding on the parties involved and restricts their ability to transfer their rights or obligations under the agreement to others without prior consent. In practice, this means that neither party can assign the contract to a third party, such as selling their interest or delegating their duties, unless the other party agrees in writing. This clause ensures that both parties maintain control over who they are in a contractual relationship with, thereby preventing unwanted or unapproved changes in responsibility or risk.
AGREEMENT BINDING AND ASSIGNMENT LIMITATIONS. This Agreement shall be binding upon DFCM, A/E, and their respective partners, employees, agents, joint ventures, successors and assigns. Neither the performance of this Agreement, a right or claim, nor any part thereof including any monies to be paid, may be assigned by the A/E or DFCM without the prior written consent and approval of the other party. The DFCM may assign this Agreement to an institutional lender providing financing for the Project. In such event, the lender shall assume the DFCM’s rights and obligations under this Agreement. The A/E shall execute all consents reasonably required to facilitate such assignment.
AGREEMENT BINDING AND ASSIGNMENT LIMITATIONS. This Agreement shall be binding upon GSD, DESIGNER, and their respective partners, employees, agents, joint ventures, successors and assigns. Neither the performance of this Agreement, a right or claim, nor any part thereof including any monies to be paid, may be assigned by the DESIGNER or GSD without the prior written consent and approval of the other party. GSD may assign this Agreement to an institutional lender providing financing for the Project. In such event, the lender shall assume GSD’s rights and obligations under this Agreement. The DESIGNER shall execute all consents reasonably required to facilitate such assignment.
AGREEMENT BINDING AND ASSIGNMENT LIMITATIONS. This Agreement shall be binding upon DFCM, A/E, and their respective partners, employees, agents, joint ventures, successors and assigns. Neither the performance of this Agreement, a right or claim, nor any part thereof including any monies to be paid, may be assigned by the A/E or DFCM without the prior written consent and approval of the other party. The DFCM may assign this Agreement to an
AGREEMENT BINDING AND ASSIGNMENT LIMITATIONS. This Agreement shall be binding upon PCSD, CONSULTANT, and their respective partners, employees, agents, joint ventures, successors and assigns. Neither the performance of this Agreement, a right or claim, nor any part thereof including any monies to be paid, may be assigned by the CONSULTANT or PCSD without the prior written consent and approval of the other party. PCSD may assign this Agreement to an institutional lender providing financing for the Project. In such event, the lender shall assume PCSD’s rights and obligations under this Agreement. The CONSULTANT shall execute all consents reasonably required to facilitate such assignment.