INURE Clause Samples
The "Inure" clause establishes that the rights and obligations set forth in an agreement will extend to and be binding upon the parties’ successors and permitted assigns. In practice, this means that if a party undergoes a merger, acquisition, or transfers its interests to another entity, the terms of the contract will continue to apply to the new party as if they were the original signatory. This clause ensures continuity and enforceability of the agreement, preventing parties from escaping their contractual duties through changes in ownership or structure.
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INURE. The parties herein agree that any transfer of right, title, power, control, or legal effect of ownership or management of the parties herein, including them individually and their respective entity or company by whatever manner or means shall unequivocally inure to this Agreement thereof by the same effect thereon and thereby this Agreement is a legal, binding, and enforceable contract upon the next party or parties thereof and shall repeat this legal incorporation by reference each time this transfer occurs in the future.
INURE. This Agreement is inure to and binding upon the Parties and their successors and assigns.