Legal succession. (1) Either Party shall be authorised to assign the rights and obligations under this Master Agreement to a third party. The prior consent of the other Party shall be required for any such assignment. Said consent shall be denied only if the third party cannot reliably guarantee that this Master Agreement will be fulfilled or if there is good cause to justify refusing said consent.
Legal succession. In the event that terranets bw assigns its tasks set out in this contract and/or in further supplementary agreements connected to this contract to a newly founded company of which it is a shareholder, the bidder, when signing this contract, declares his consent that the contractual rights and obligations, once the requirements have been met, are transferred to this company. Terranets bw shall duly inform the bidder of such a transfer. In the event that tasks are assigned to a third party, in which terranets bw does not participate directly or indirectly, the bidder shall consent to said assignment insofar as the third party in the same way as terranets bw guarantees to fulfil the contractual obligations.
Legal succession. All rights and obligations arising from this Lease Agreement are transferred to any legal successors by both parties. Both contractual parties irrevocably waive the right to assert (extraordinary) termination and/or termination rights based on this transfer in the event of the transfer of ownership to the leased property.