Common use of Merger and Acquisition Clause in Contracts

Merger and Acquisition. The terms of this Agreement will survive an acquisition, merger, divestiture or other transfer of rights involving Contractor. In the event of an acquisition, merger, divestiture or other transfer of rights the acquiring entity or the new entity is legally required to: (1) Honor all the terms negotiated in this Agreement and any pre-acquisition or pre-merger Agreement between Contractor and the County, including but not limited to a) established pricing and fees; b) guaranteed product support until the contract term even if a new product is released; and c) no price escalation during the Agreement Term. (2) Give immediate written notice to the County following the closing of an acquisition, merger, divestiture or other transfer of right involving Contractor. (3) Accept in writing that the County is a third-party beneficiary of any agreement evidencing acquisition, merger, divestiture, or any other transfer of any rights.