Notice and Assignment Sample Clauses
The Notice and Assignment clause establishes the requirements for how parties must communicate formal notifications and the conditions under which rights or obligations under the agreement may be transferred to third parties. Typically, it specifies the acceptable methods for delivering notices—such as by mail or email—and may require that any assignment of the contract be approved in writing by the other party. This clause ensures that all parties are properly informed of important developments and that control over contractual relationships is maintained, thereby preventing unauthorized transfers and misunderstandings.
Notice and Assignment. During the JDP Term, Verenium shall promptly notify BP and SPE of any Program Technology developed solely by or on behalf of Verenium, BP shall promptly notify Verenium and SPE of any Program Technology developed solely by or on behalf of BP, and Verenium and BP shall promptly notify one another and SPE of any Program Technology developed jointly by or on behalf of Verenium and BP. Verenium hereby assigns to SPE any and all rights Verenium has or may acquire in Program Technology, or if assignment is not permitted by law, waives such rights or grants to SPE an exclusive, fully paid, perpetual irrevocable, worldwide license under such rights for any and all purposes. BP hereby assigns to SPE any and all rights BP has or may acquire in Program Technology, or if assignment is not permitted by law, waives such rights or grants to SPE an exclusive, fully paid, perpetual irrevocable, worldwide license under such rights for any and all purposes. Each of Verenium and BP agrees to execute any assignment or other documents reasonably necessary to convey to SPE any right, title or other interest to Program Technology as necessary to effect the ownership of Program Technology by SPE, and, upon request, will assist in connection with the preparation and prosecution of any application for intellectual property rights relating to or included in the Program Technology owned by SPE pursuant hereto.
Notice and Assignment. For the purpose of facilitating compliance with the requirements of RCW 35.91.202(3), the Developer hereby assigns to the City all of the Developer’s right, title, and interest in and to any Latecomer’s Fees in the event the City is unable to locate the Developer to tender the fees. The Developer shall be responsible for informing the City of its current and correct mailing address. Every year from the date the Agreement is executed a Developer entitled to reimbursement under this Agreement shall provide the City with information regarding the current contract names, address and telephone number of the person, company, or partnership that originally entered into the contract. If the Developer fails to comply with the notification requirements of this subsection within sixty days of the specified time, then the City may collect any Latecomer’s Fees owed to the Developer under the Agreement. The City will make a good faith effort to locate the Developer. In the event the City is unable to do so, the Latecomer’s Fee shall be placed in the Capital Fund held by the City, and the City shall be deemed the owner of such funds.
Notice and Assignment