Common use of Construction and Assignment Clause in Contracts

Construction and Assignment. (a) This Agreement shall be binding upon and inure to the benefit of Spintech, its legal representatives, successors and assigns. (b) This Agreement shall be binding upon and inure to the benefit of Princeton, but subject to Paragraphs 2(a)(ii) and 2(b) hereof, this Agreement shall not be transferable or assignable without the prior written consent of Spintech. (c) This Agreement shall be deemed to be a contract made under the laws of the State of New York, United States of America, and for all purposes shall be interpreted in its entirety in accordance with the laws of New York. If this Agreement is translated into any language other than the English language for any purpose, the English version shall be the governing version. (d) Nothing contained in this Agreement shall be construed as conferring upon Princeton or its customers, directly or by implication, estoppel or otherwise, any license under any trade secrets of Spintech, and no such license or other rights shall arise from this Agreement or from any acts, statements or dealings resulting in or related to the execution of this Agreement.