Common use of ASSIGNMENT AND VARIATION Clause in Contracts

ASSIGNMENT AND VARIATION. 10.1 This Agreement shall inure to the benefit of and be binding upon each of the Parties hereto and their respective successors and permitted assigns, but neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by any Party without the prior written consent of the other Parties; provided, however, that any Party may assign its rights under this Agreement to any of its Affiliates upon written notice to the other Parties. The Party assigning its rights under this Agreement to an Affiliate shall still be liable for such assigned rights until and unless a valid novation is executed. 10.2 This Agreement and the exhibits and schedules attached to this Agreement may be varied, amended or extended only by the written agreement of the Parties through their duly authorised officers or representatives.