Restriction Upon Resale Sample Clauses

A Restriction Upon Resale clause limits or controls the ability of a party to sell, transfer, or otherwise dispose of certain assets, property, or securities. Typically, this clause may require the original owner's consent before a resale, impose a waiting period, or restrict sales to specific parties or under certain conditions. Its core practical function is to maintain control over the ownership and distribution of the asset, often to protect business interests, preserve value, or comply with regulatory requirements.