Assignment by Grantor. Grantor shall be entitled to Transfer all or any portion of its interest in the Property. If the Grantor Transfers all or any portion of its interest in the Property, upon obtaining from the transferee a written assumption of the obligations of the Grantor pursuant to this Schedule with respect to the interest so Transferred, the Grantor shall thereupon be relieved of all liability for payment of royalties under this Schedule for any royalties that may thereafter arise with respect to such transferred interest.
Appears in 5 contracts
Sources: Assignment of Contract Agreement (Sunburst Acquisitions Iv Inc), Assignment of Contract Agreement (Sunburst Acquisitions Iv Inc), Joint Venture Agreement (Sunburst Acquisitions Iv Inc)