Common use of No Assignability Clause in Contracts

No Assignability. Either party shall not, without prior written consent of the other party, assign this Agreement or any right or obligation hereunder, in whole or in part, without prior written consent of the other party, except that the parties shall be entitled to assign this Agreement and/or such rights and obligations, to any of their respective Affiliates, and/or to any third party acquiring all or substantially all assets of the business to which this Agreement relates, provided that such Affiliate and/or third party agree in writing to be bound by the terms of this Agreement.