Common use of Novation Clause in Contracts

Novation. If awarded Vendor sells or transfers all assets, rights or the entire portion of the assets or rights required to perform this Agreement, a successor in interest must guarantee to perform all obligations under this Agreement. A simple change of name agreement will not change the Agreement obligations of awarded vendor. TIPS will consider Contract Assignments on a case by case basis. TIPS must be notified within five

Novation. If awarded Vendor vendor sells or transfers all assets, rights or the entire portion of the assets or rights required to perform this Agreement, a successor in interest must guarantee to perform all obligations under this Agreement. A simple change of name agreement will not change the Agreement obligations of awarded vendor. TIPS will consider Contract Assignments on a case by case case−by−case basis. TIPS must be notified within fivefive (5) business days of the transfer of assets or rights. Site Requirements (only when applicable to service or job)

Novation. If awarded Vendor vendor sells or transfers all assets, rights or the entire portion of the assets or rights required to perform this Agreement, a successor in interest must guarantee to perform all obligations under this Agreement. A simple change of name agreement will not change the Agreement obligations of awarded vendor. TIPS will consider Contract Assignments on a case by case case‐by‐case basis. TIPS must be notified within fivefive (5) business days of the transfer of assets or rights. Site Requirements (only when applicable to service or job)