Assignment by the Licensor Clause Samples
The "Assignment by the Licensor" clause defines the licensor's right to transfer its rights and obligations under the agreement to another party. Typically, this clause outlines whether the licensor can assign the contract freely or only under certain conditions, such as with the licensee's consent or in connection with a merger or sale of business assets. Its core function is to clarify the circumstances under which the licensor may delegate or transfer its contractual interests, thereby providing certainty and managing expectations for both parties regarding potential changes in the contractual relationship.
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Assignment by the Licensor. 12.1 Licensor may assign this Agreement or any of the Intellectual Property to any Third Party without the consent of the Licensee. Any such assignment made will preserve the rights of the Licensee set out in this Agreement.
Assignment by the Licensor. This Agreement shall be transferable by the Licensor.
Assignment by the Licensor. The Licensor may sell, transfer, assign or in any other way dispose of this Agreement or any of its rights or obligations hereunder at any time without the consent of the Licensee to an Affiliate of the Licensor or in connection with a merger, amalgamation or other re-organization of the Licensor provided that the successor, Affiliate or assignee, as the case may be (i) is immediately after the assignment or other applicable transaction the owner of all right, title and interest in the Technology and is the person who will continue the development and Commercial Exploitation thereof, and (ii) thereupon undertakes to the Licensee in writing to be bound by the provisions of this Agreement in all respects and to the same extent as the Licensor is bound.
Assignment by the Licensor. 12.1. During the period mentioned in Clause 2.2, the Licensor will not assign this Agreement or any of the Intellectual Property to any Third Party without the consent of the Licensee.
12.2. After the period mentioned in Clause 2.2, any such assignment made will preserve the rights of the Licensor set out in this Agreement.
Assignment by the Licensor. (a) In the event of a sale transfer or assignment by the Licensor of this Agreement, to the event that the purchaser or assignee shall assume the covenants and obligations or the Licensor under this Agreement, the Licensor shall thereupon and without further agreement, be freed and relieved of all liability with respect to such covenants and obligations. ASSIGNMENT BY LICENSEE (b) The Licensee acknowledges that the Licensor, in granting this license and the rights and interests under this Agreement, has relied on, among other things, the character, background, qualifications arid financial ability of the Licensee and, where applicable, its partners, officers, directors, shareholders, and managers. Accordingly1 his Agreement, and the Licensee's rights and interest hereunder, shall not be sold, assigned, transferred, shared or encumbered in whole or in part in any manner whatsoever without thc prior written consent of the Licensor, which shall not be unreasonably withheld. Any actual or proposed assignment occurring by operations of law or otherwise without the Licensor's prior written consent shall be a material default of this Agreement.