Nonassignment of Contract Clause Samples
A Nonassignment of Contract clause prohibits one party from transferring its rights or obligations under the contract to another party without the prior consent of the other contracting party. In practice, this means that if a company wants to sell or delegate its responsibilities or benefits under the agreement, it must first obtain written approval from the other side. This clause is commonly used to ensure that the original parties maintain control over who they are in contractual relationship with, thereby preventing unwanted or unknown third parties from becoming involved and protecting the interests and expectations of both sides.
Nonassignment of Contract. The Bidder shall not assign the Contract, effected by acceptance of this proposal, or any part hereof, or enter into any contract with any person, firm or corporation, for the performance of the Bidder's obligations hereunder, or any RUS FORM 545 REV 11-99
Nonassignment of Contract. BUYER and BROKER understand and agree that the relationship created by this Contract is a personal one and that neither the BUYER nor the BROKER shall have the right to assign this Agency Contract to third parties.
Nonassignment of Contract. The Contractor shall perform directly, and without subcontracting, not less than 50 percent of the labor required for the construction of the Project, to be calculated on the basis of that portion of the contract price constituting total labor costs of the Project. The Contractor shall not assign this Contract or any interest in any funds that may be due or become due hereunder or enter into any Contract with any person, firm, or corporation for the performance of the Contractor's obligations hereunder or any part thereof, without the approval in writing of the Owner and of the surety or sureties on any Contractor's obligations hereunder. If the Contractor, with the consent of the Owner and any surety or sureties on the Contractor's Bond or Bonds, shall enter into a subcontract with any subcontractor for the performance of any part of this Contract, the Contractor shall be as fully responsible to the Owner for the acts and fully responsible to the Owner for the acts and omissions of such subcontractor and of persons employed by such subcontractor as the Contractor would be for its own acts and omissions and those of persons directly employed by it.