Common use of Inurement; Assignment Clause in Contracts

Inurement; Assignment. The rights and obligations of Employer under this Agreement shall inure to the benefit of and shall be binding upon any successor of Employer or to the business of Employer, subject to the provisions hereof. Employer may assign this Agreement to any person, firm or corporation controlling, controlled by, or under common control with Employer, provided that such assignee is the entity conducting the business and operations in Italy where Employee is being engaged to provide his services hereunder. Neither this Agreement nor any rights or obligations of Employee hereunder shall be transferable or assignable by Employee.

Appears in 2 contracts

Sources: Employment Agreement (Projectavision Inc), Employment Agreement (Projectavision Inc)