Assignment and Divestiture Sample Clauses

The Assignment and Divestiture clause governs the conditions under which a party may transfer its rights or obligations under the agreement to another entity. Typically, this clause outlines whether prior written consent is required for such transfers, and may specify exceptions, such as assignments to affiliates or in connection with a merger or sale of substantially all assets. Its core function is to maintain control over who is bound by the contract, thereby protecting the interests of the original parties and preventing unwanted or unapproved changes in contractual relationships.