Common use of Modification and Assignment Clause in Contracts

Modification and Assignment. No supplement or modification of this Agreement shall be binding unless executed in writing by both parties. Neither Party shall, without the prior written consent of the other Party, assign, transfer, charge, or sub-contract all or any of its rights or obligations under this Agreement; provided that either Party may assign its rights and delegate its duties under this Agreement, in whole or in part, to an affiliate or to a successor to such Party’s business by merger, acquisition, purchase of the business related to this Agreement or other similar corporate transaction.

Modification and Assignment. This Agreement may be amended or modified only in a writing signed by the Parties. No supplement or modification of Party may assign its respective rights and obligations under this Agreement shall be binding unless executed in writing by both parties. Neither Party shall, without the prior written consent of the other Party, assign, transfer, charge, or sub-contract all or any of its rights or obligations under this Agreement; provided that either Party may assign its rights and delegate its duties under this Agreement, in whole or in part, to an affiliate or to a successor to such Party’s business by merger, acquisition, purchase . None of the business related to provisions of this Agreement or are intended to create, nor will they be deemed to create any relationship between the Parties other similar corporate transactionthan that of independent parties contracting with each other solely for the purposes of effecting the provisions of this Agreement and any other agreements between the Parties evidencing their business relationship.