Common use of Limited Assignment Clause in Contracts

Limited Assignment. Purchaser may assign this Contract only to a related party, defined as (i) an entity in which Purchaser is an owner, partner or corporate officer, or (ii) a member(s) of the immediate family of the Purchaser. Purchaser shall remain liable under this Contract after any assignment to a related party.

Appears in 1 contract

Sources: Commercial Contract of Sale (Broadview Media Inc)

Limited Assignment. Purchaser may assign this Contract only to a related party, defined as (i) an entity in which Purchaser is Purchaser, CEO, or shareholder are an owner, partner or corporate officer, or (ii) a member(s) of the immediate family of the Purchaser. Purchaser shall remain liable under this Contract after any assignment to a related party.

Appears in 1 contract

Sources: Commercial Contract of Sale (Cerprobe Corp)