BIND AND INURE CLAUSE Clause Samples
A Bind and Inure clause establishes that the rights and obligations set forth in an agreement are binding upon and benefit not only the original parties but also their successors and permitted assigns. In practice, this means that if a party to the contract is replaced by another entity through merger, acquisition, or assignment, the new entity is still subject to the contract's terms and can enforce its benefits. This clause ensures continuity and enforceability of the agreement, preventing parties from escaping their responsibilities or benefits simply by transferring their interests.
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BIND AND INURE CLAUSE. The terms, covenants and conditions of the within lease shall be binding upon and inure to the benefit of each of the parties hereto, their respective executors, administrators, heirs, successors and assigns, as the case may be.
BIND AND INURE CLAUSE. 35 36. DEFINITIONS.....................................................35
BIND AND INURE CLAUSE. The terms, covenants and conditions of this Lease shall be binding upon and inure to the benefit of each of the parties, and their respective successors and assigns.
BIND AND INURE CLAUSE. 11 31. INCLUSIONS.......................................................... 11 32. DEFINITION OF TERM "LANDLORD"....................................... 11 33.