Common use of Delegation and Assignment Change of Ownership Clause in Contracts

Delegation and Assignment Change of Ownership. Delegation and Assignment In the performance of this Contract, CONTRACTOR may neither delegate its duties or obligations nor assign its rights, either in whole or in part, without the prior written consent of COUNTY. Any attempted delegation or assignment without prior written consent shall be void. The transfer of assets in excess of ten percent (10%) of the total assets of CONTRACTOR, or any change in the corporate structure, the governing body, or the management of CONTRACTOR, which occurs as a result of such transfer, shall be deemed an assignment of benefits under the terms of this Contract requiring COUNTY approval. COUNTY reserves the right to immediately terminate the Contract in the event COUNTY determines that the assignee is not qualified or otherwise acceptable to COUNTY for the provision of services under the Contract. Change of Ownership CONTRACTOR agrees that if there is a change or transfer in ownership of CONTRACTOR’s business prior to completion of this Contract, and COUNTY agrees to an assignment of the Contract, the new owners shall be required, under the terms of sale or other instruments of transfer, to assume CONTRACTOR’s duties and obligations contained in this Contract and complete them to the satisfaction of COUNTY.

Appears in 2 contracts

Sources: Contract for Services, Contract for Transitional Housing Services

Delegation and Assignment Change of Ownership. Delegation and Assignment Assignment 20.1.1 In the performance of this ContractAgreement, CONTRACTOR may neither delegate its duties or obligations nor assign its rights, either in whole or in part, without the prior written consent of COUNTY. Any attempted delegation or assignment without prior written consent shall be void. The transfer of assets in excess of ten percent (10%) of the total assets of CONTRACTOR, or any change in the corporate structure, the governing body, or the management of CONTRACTOR, which occurs as a result of such transfer, shall be deemed an assignment of benefits under the terms of this Contract Agreement requiring COUNTY approval. . 20.1.2 COUNTY reserves the right to immediately terminate the Contract Agreement in the event COUNTY determines that the assignee is not qualified or otherwise acceptable to COUNTY for the provision of services under the ContractAgreement. Change of Ownership CONTRACTOR agrees that if there is a change or transfer in ownership of CONTRACTOR’s business prior to completion of this ContractAgreement, and COUNTY agrees to an assignment of the ContractAgreement, the new owners shall be required, under the terms of sale or other instruments of transfer, to assume CONTRACTOR’s duties and obligations contained in this Contract Agreement and complete them to the satisfaction of COUNTY.

Appears in 1 contract

Sources: Agreement for the Provision of Family Resource Center Services