Assignment in Connection Clause Samples
The "Assignment in Connection" clause governs the circumstances under which a party may transfer its rights or obligations under the agreement to another entity, specifically in relation to certain events or transactions. Typically, this clause allows assignment without the other party's consent if the assignment is connected to a merger, acquisition, or sale of substantially all assets. By clarifying when assignments are permitted, the clause ensures continuity of contractual obligations during significant business changes and prevents disputes over unauthorized transfers.
Assignment in Connection with Assignment of Agreement with ICANN. In the event that Afilias’ Registry Agreement with ICANN for the Registry TLD is validly assigned, Afilias’ rights under this Agreement shall be automatically assigned to the assignee of the Registry Agreement, provided that the assignee assumes the duties of Afilias under this Agreement. In the event that Registrar's accreditation agreement with ICANN for the Registry TLD is validly assigned, Registrar's rights under this Agreement shall be automatically assigned to the assignee of the accreditation agreement, provided that the subsequent registrar assumes the duties of Registrar under this Agreement.