Common use of Assignment and Offset Rights Clause in Contracts

Assignment and Offset Rights. Assignment of customer claims are not permitted unless explicitly approved by voestalpine, which shall not be unreasonably with- held. In the course of offset proceedings, claims against voestal- pine shall not be valid unless they are legally established or un- contested by voestalpine. The customer shall not be entitled to any counter-claims or offset rights arising from business relations with other companies affiliated with voestalpine.

Appears in 2 contracts

Sources: General Terms of Sale, General Terms of Sale