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Except to the extent expressly provided in this Agreement (including the rights of the Investor Group pursuant to Section 6.2(a) and of the Company Group pursuant to Section 6.2(b)), nothing in this Agreement is intended or shall be construed to give any Person other than the Parties and their respective heirs, permitted successors, and permitted assigns any legal or equitable right, remedy or claim under, in or in respect of this Agreement or any provision of this Agreement; provided that only a Party and its successors and permitted assigns will have the right to enforce the provisions of this Agreement on its own behalf or on behalf of any of its related Investor Group or Company Group, as applicable (but shall not be obligated to do so). 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This Agreement shall inure to the benefit of and shall be enforceable by the Executive\u2019s legal representatives.\n(b) This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns.\n(c) The Company shall require any successor or assign (whether direct or indirect, by purchase, merger, consolidation, amalgamation or otherwise) to all or substantially all the business and/or assets of the Company, by agreement in writing in form and substance reasonably satisfactory to the Executive, expressly, absolutely and unconditionally to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession or assignment had taken place. 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The Company shall require that the guaranty of Noble-Switzerland of the obligations of the Company under this Agreement shall contain a similar provision regarding any successor or assign of Noble-Switzerland.\n(d) Nothing in this Agreement, express or implied, is intended to or shall confer upon any person other than the parties hereto and Noble-Switzerland, and their respective heirs, legal representatives, successors and permitted assigns, any rights, benefits or remedies of any nature whatsoever under or by reason of this Agreement.", "size": 15, "hash": "b98a0e9b19124429f103e4d4be8a8f3e", "id": 6}, {"samples": [{"hash": "lj07d8oBMfp", "uri": "/contracts/lj07d8oBMfp#binding-effect-assignment-no-third-party-benefit", "label": "Purchase Agreement (Sharper Image Corp)", "score": 19.0, "published": true}, {"hash": "kNL5ag3eXis", "uri": "/contracts/kNL5ag3eXis#binding-effect-assignment-no-third-party-benefit", "label": "Purchase Agreement (Sharper Image Corp)", "score": 19.0, "published": true}, {"hash": "faiLyQoTd40", "uri": "/contracts/faiLyQoTd40#binding-effect-assignment-no-third-party-benefit", "label": "Purchase Agreement (Sharper Image Corp)", "score": 19.0, "published": true}], "snippet_links": [{"key": "binding-upon", "type": "clause", "offset": [24, 36]}, {"key": "the-parties-hereto", "type": "clause", "offset": [65, 83]}, {"key": "permitted-successors", "type": "clause", "offset": [105, 125]}, {"key": "permitted-assigns", "type": "definition", "offset": [127, 144]}, {"key": "legal-representatives", "type": "definition", "offset": [149, 170]}, {"key": "in-this-agreement", "type": "clause", "offset": [203, 220]}, {"key": "any-person", "type": "definition", "offset": [263, 273]}, {"key": "in-respect-of", "type": "definition", "offset": [449, 462]}, {"key": "agreement-or", "type": "definition", "offset": [468, 480]}, {"key": "the-rights", "type": "clause", "offset": [605, 615]}, {"key": "by-the-purchaser", "type": "clause", "offset": [671, 687]}, {"key": "consent-of-the", "type": "clause", "offset": [743, 757]}, {"key": "other-party", "type": "definition", "offset": [758, 769]}, {"key": "the-purchaser-shall", "type": "clause", "offset": [786, 805]}, {"key": "right-to-assign", "type": "clause", "offset": [815, 830]}, {"key": "of-the-seller", "type": "clause", "offset": [917, 930]}], "snippet": "This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective permitted successors, permitted assigns and legal representatives. Nothing expressed or mentioned in this Agreement is intended or shall be construed to give any person other than the parties hereto and their respective permitted successors, permitted assigns or legal representatives any legal or equitable right, remedy or claim under, in or in respect of this Agreement or any provision herein contained. Except as otherwise expressly provided in this Agreement, neither this Agreement nor any of the rights, interests, or obligations hereunder shall be assigned by the Purchaser or the Seller to any person, without the prior written consent of the other party; provided, that the Purchaser shall have the right to assign its rights, interests and obligations hereunder to its affiliates without the consent of the Seller.", "size": 14, "hash": "9fb05fdd035a04193546abdb66a4020b", "id": 7}, {"samples": [{"hash": "78ExWp21F2q", "uri": "/contracts/78ExWp21F2q#binding-effect-assignment-no-third-party-benefit", "label": "Purchase Agreement", "score": 33.8628921509, "published": true}, {"hash": "86Ub1YqC1ty", "uri": "/contracts/86Ub1YqC1ty#binding-effect-assignment-no-third-party-benefit", "label": "Purchase Agreement (Tdlog, LLC)", "score": 22.6783027649, "published": true}, {"hash": "hLCmxoucLtG", "uri": "/contracts/hLCmxoucLtG#binding-effect-assignment-no-third-party-benefit", "label": "Purchase Agreement (Driftwood Resources, LLC)", "score": 22.64818573, "published": true}], "snippet_links": [{"key": "binding-upon", "type": "clause", "offset": [24, 36]}, {"key": "the-parties-hereto", "type": "clause", "offset": [65, 83]}, {"key": "personal-representatives", "type": "clause", "offset": [124, 148]}, {"key": "permitted-assigns", "type": "definition", "offset": [153, 170]}, {"key": "the-rights", "type": "clause", "offset": [230, 240]}, {"key": "by-operation-of-law", "type": "clause", "offset": [325, 344]}, {"key": "the-other-parties", "type": "clause", "offset": [396, 413]}, {"key": "notice-to-sellers", "type": "clause", "offset": [440, 457]}, {"key": "buyer-may", "type": "definition", "offset": [462, 471]}, {"key": "other-direct", "type": "clause", "offset": [486, 498]}, {"key": "wholly-owned", "type": "clause", "offset": [499, 511]}, {"key": "of-buyer", "type": "clause", "offset": [542, 550]}, {"key": "condition-of", "type": "clause", "offset": [624, 636]}, {"key": "assignment-to", "type": "clause", "offset": [642, 655]}, {"key": "subsidiary-shall", "type": "definition", "offset": [686, 702]}, {"key": "article-iii", "type": "definition", "offset": [778, 789]}, {"key": "nothing-in-this-agreement", "type": "clause", "offset": [840, 865]}, {"key": "any-person", "type": "definition", "offset": [923, 933]}], "snippet": "This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, heirs, personal representatives and permitted assigns; provided, however, that neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by any of the parties hereto (by operation of law or otherwise) without the prior written consent of the other parties, except that upon written notice to Sellers (a) Buyer may assign to any other direct wholly owned domestic corporate subsidiary of Buyer all of Buyer\u2019s rights, interests or obligations hereunder, provided as a condition of such assignment to any subsidiary of Buyer, such subsidiary shall be required to make the same representations to Sellers as Buyer had under Article III hereof. Except as set forth in this Section 7.02, nothing in this Agreement, express or implied, is intended to or shall confer upon any Person other than Buyer, Company and Sellers any rights, benefits or remedies of any nature whatsoever under or by reason of this Agreement.", "size": 10, "hash": "a04fbede3d43f25a2eec8b0650f32d1a", "id": 8}, {"samples": [{"hash": "1OHh1yRiSLr", "uri": "/contracts/1OHh1yRiSLr#binding-effect-assignment-no-third-party-benefit", "label": "Membership Interest Purchase Agreement", "score": 30.3408622742, "published": true}, {"hash": "5AoqZATfbx3", "uri": "/contracts/5AoqZATfbx3#binding-effect-assignment-no-third-party-benefit", "label": "Membership Interest Purchase Agreement (Pg&e Gas Transmission Northwest Corp)", "score": 21.0, "published": true}], "snippet_links": [{"key": "subject-to-the", "type": "definition", "offset": [0, 14]}, {"key": "binding-upon", "type": "clause", "offset": [59, 71]}, {"key": "benefit-of-the-parties", "type": "clause", "offset": [89, 111]}, {"key": "successors-and-assigns", "type": "definition", "offset": [122, 144]}, {"key": "the-rights", "type": "clause", "offset": [180, 190]}, {"key": "by-either-party", "type": "clause", "offset": [259, 274]}, {"key": "consent-of-the", "type": "clause", "offset": [301, 315]}, {"key": "other-party", "type": "definition", "offset": [316, 327]}, {"key": "nothing-in-this-agreement", "type": "clause", "offset": [356, 381]}, {"key": "any-person", "type": "definition", "offset": [418, 428]}], "snippet": "Subject to the following sentence, this Agreement shall be binding upon and inure to the benefit of the Parties and their successors and assigns. Neither this Agreement nor any of the rights, interests, or obligations hereunder shall be assigned or delegated by either Party without the prior written consent of the other Party. Except as provided herein, nothing in this Agreement is intended to or shall confer upon any Person other than the Parties, and their successors and assigns, any rights, benefits, or remedies of any nature whatsoever under or by reason of this Agreement.", "size": 9, "hash": "53f3c2aa9ef9a31d19cb02dd6c28a009", "id": 9}, {"samples": [{"hash": "eYtfB35nxAH", "uri": "/contracts/eYtfB35nxAH#binding-effect-assignment-no-third-party-benefit", "label": "Purchase and Sale Agreement (Aroc Inc)", "score": 18.0, "published": true}, {"hash": "8yT68nLWfLS", "uri": "/contracts/8yT68nLWfLS#binding-effect-assignment-no-third-party-benefit", "label": "Purchase and Sale Agreement (Aroc Inc)", "score": 18.0, "published": true}, {"hash": "6j1oWAj75rp", "uri": "/contracts/6j1oWAj75rp#binding-effect-assignment-no-third-party-benefit", "label": "Purchase and Sale Agreement (Aroc Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "binding-upon", "type": "clause", "offset": [75, 87]}, {"key": "the-parties-hereto", "type": "clause", "offset": [116, 134]}, {"key": "successors-and-assigns", "type": "definition", "offset": [156, 178]}, {"key": "prior-to-closing", "type": "definition", "offset": [204, 220]}, {"key": "neither-party-may", "type": "clause", "offset": [222, 239]}, {"key": "agreement-or", "type": "definition", "offset": [315, 327]}, {"key": "ancillary-documents", "type": "clause", "offset": [332, 351]}, {"key": "consent-of-the", "type": "clause", "offset": [378, 392]}, {"key": "after-the-closing", "type": "clause", "offset": [424, 441]}, {"key": "buyer-may", "type": "definition", "offset": [443, 452]}, {"key": "consent-of-seller", "type": "clause", "offset": [596, 613]}, {"key": "except-as-expressly-provided", "type": "clause", "offset": [615, 643]}, {"key": "nothing-in-this-agreement", "type": "clause", "offset": [652, 677]}, {"key": "any-person", "type": "definition", "offset": [735, 745]}, {"key": "respective-successors-and-permitted-assigns", "type": "clause", "offset": [787, 830]}], "snippet": "This -------------------------------------------------- Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns; provided, however, that prior to Closing, neither party may assign its rights or delegate any of its duties and obligations under this Agreement or the Ancillary Documents without the prior written consent of the other; provided, further, that after the Closing, Buyer may not assign its rights or delegate any of its duties and obligations under this Agreement and the Ancillary Documents without the prior written consent of Seller. Except as expressly provided herein, nothing in this Agreement, express or implied, is intended to or shall confer upon any Person other than the parties hereto, and their respective successors and permitted assigns, any rights, benefits, or remedies of any nature whatsoever under or by reason of this Agreement.", "size": 8, "hash": "bd13d012565256a4f7cdb68069502308", "id": 10}], "next_curs": "CnkSc2oVc35sYXdpbnNpZGVyY29udHJhY3RzclULEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IjliaW5kaW5nLWVmZmVjdC1hc3NpZ25tZW50LW5vLXRoaXJkLXBhcnR5LWJlbmVmaXQjMDAwMDAwMGEMogECZW4YACAA", "clause": {"title": "Binding Effect; Assignment; No Third Party Benefit", "parents": [["miscellaneous", "Miscellaneous"], ["other-provisions", "Other Provisions"], ["miscellaneous-matters", "Miscellaneous Matters"], ["general-provisions", "General Provisions"], ["additional-closing-deliveries", "Additional Closing Deliveries"]], "size": 269, "children": [], "id": "binding-effect-assignment-no-third-party-benefit", "related": [["binding-effect-assignment-third-party-beneficiaries", "Binding Effect; Assignment; Third-Party Beneficiaries", "Binding Effect; Assignment; Third-Party Beneficiaries"], ["binding-effect-no-third-party-beneficiaries", "Binding Effect; No Third Party Beneficiaries", "Binding Effect; No Third Party Beneficiaries"], ["binding-effect-assignment", "Binding Effect; Assignment", "Binding Effect; Assignment"], ["binding-effect-third-party-beneficiaries", "Binding Effect; Third-Party Beneficiaries", "Binding Effect; Third-Party Beneficiaries"], ["binding-effect-assignability-benefit", "Binding Effect; Assignability; Benefit", "Binding Effect; Assignability; Benefit"]], "related_snippets": [], "updated": "2026-04-18T05:49:41+00:00", "also_ask": ["What negotiation leverage does restricting assignment provide to each party?", "Which drafting elements are essential to ensure enforceability of the no third party benefit provision?", "What are the most common risks or loopholes in binding effect clauses?", "How do courts typically interpret assignment prohibitions\u2014strictly or with exceptions?", "How does this clause compare to standard formulations in similar contracts?"], "drafting_tip": "Specify parties bound to clarify obligations, restrict assignment to control party changes, and exclude third-party rights to prevent unintended claims.", "explanation": "The \"Binding Effect; Assignment; No Third Party Benefit\" clause establishes that the agreement is legally binding on the parties involved and their respective successors or permitted assigns. It typically clarifies that neither party may transfer or assign their rights or obligations under the contract without the other party's consent, and that the contract does not grant any rights or benefits to individuals or entities who are not parties to the agreement. This clause ensures that only the intended parties are bound by and can enforce the contract, thereby preventing unauthorized transfers and avoiding unintended obligations to third parties."}, "json": true, "cursor": ""}}