Common use of Novation Clause in Contracts

Novation. If Contractor sells or transfers all assets or the entire portion of the assets used to perform this Contract, a successor in interest must guarantee to perform all obligations under this Contract. Region 4 ESC reserves the right to accept or reject any new party. A change of name agreement will not change the contractual obligations of Contractor.

Appears in 54 contracts

Sources: Contract, Telecommunications Contract, Vendor Agreement

Novation. If Contractor contractor sells or transfers all assets or the entire portion of the assets used to perform this Contractcontract, a successor in interest must guarantee to perform all obligations under this Contractcontract. Region 4 ESC reserves the right to accept or reject any new party. A simple change of name agreement will not change the contractual obligations of Contractorcontractor.

Appears in 9 contracts

Sources: Vendor Contract, Vendor Agreement, Vendor Agreement