Common use of Construction and Assignment Clause in Contracts

Construction and Assignment. a) This Agreement shall be binding on and inure to the benefit of the Licensor, its legal representatives, successors, heirs and assigns. b) This Agreement shall be binding on and inure to the benefit of the Licensee, but shall not be transferable or assignable by the Licensee except as permitted by and consistent with the Participation Agreement. c) This Agreement shall be deemed to be a contract made under the laws of the Commonwealth of Kentucky, and shall be construed and interpreted according to the laws of said state.