Consequences of transfer or assignment Clause Samples
The "Consequences of transfer or assignment" clause defines what happens when a party to the contract transfers or assigns its rights or obligations to another entity. Typically, this clause outlines whether such a transfer is permitted, any conditions that must be met (such as obtaining prior written consent), and the effects on the original parties' responsibilities. For example, it may specify that the original party remains liable even after assignment, or that the assignee must meet certain qualifications. The core function of this clause is to manage the risks and responsibilities associated with changes in contractual parties, ensuring that all parties are aware of their rights and obligations if a transfer or assignment occurs.
Consequences of transfer or assignment. (1) This Agreement is binding on, and exists for the benefit of, both Te Whatu Ora and the Provider and their respective successors and permitted assignees or transferees, each of whom has the rights and obligations as if it were a named party to this Agreement.
(2) The transfer or assignment of the Provider's rights or obligations under this Agreement will not prejudice:
(a) any other rights or remedies that either party may have against the other arising out of any breach of this Agreement that occurred before the transfer or assignment; or
(b) the operation of any provisions in this Agreement that are expressed or implied to have effect after such transfer or assignment has occurred.
Consequences of transfer or assignment. (1) This Agreement is binding on, and exists for the benefit of, both Health NZ and the Provider and their respective successors and permitted assignees or transferees, each of whom has the rights and obligations as if it were a named party to this Agreement.
(2) The transfer or assignment of the Provider's rights or obligations under this Agreement will not prejudice:
(a) any other rights or remedies that either party may have against the other arising out of any breach of this Agreement that occurred before the transfer or assignment; or
(b) the operation of any provisions in this Agreement that are expressed or implied to have effect after such transfer or assignment has occurred.
Consequences of transfer or assignment. (1) This Agreement is binding on, and exists for the benefit of, both the DHB and the Provider and their respective successors and permitted assignees or transferees, each of whom has the rights and obligations as if it were a named party to this Agreement.
(2) The transfer or assignment of the Provider's rights or obligations under this Agreement will not prejudice:
(a) any other rights or remedies that either party may have against the other arising out of any breach of this Agreement that occurred before the transfer or assignment; or
(b) the operation of any provisions in this Agreement that are expressed or implied to have effect after such transfer or assignment has occurred.
Consequences of transfer or assignment. Any transfer or assignment of your rights or obligations under this Agreement pursuant to this clause M4 will not prejudice:
(a) any other rights or remedies that either of us may have against the other arising out of any breach of this Agreement that occurred before such transfer or assignment;
(b) the operation of any provisions in this Agreement that are expressed or implied to have effect after such transfer or assignment has occurred.