Right of Succession Clause Examples

The Right of Succession clause defines how rights and obligations under an agreement are transferred to successors or assigns in the event of a party’s merger, acquisition, or other change in control. Typically, this clause ensures that if a party undergoes a structural change, such as being bought by another company or merging with another entity, the new entity will inherit the original party’s contractual responsibilities and benefits. Its core practical function is to maintain continuity and enforceability of the contract, preventing parties from escaping their obligations through organizational changes.
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Right of Succession. When you die, your spouse or partner who has been living with you for at least one year, may be able to take over the tenancy agreement from you. This is subject to conditions and you should seek advice from your Area Housing Manager.
Right of Succession. 4.5.1 Unless you are a successor yourself and provided they were living with you at the time of your death, if you die your tenancy will automatically pass to your spouse or civil partner. If your tenancy began on or after 1 April 2012, that right will be granted also to someone living with you as spouse or civil partner. This is called “succession”. A successor is someone: ▪ who obtained this tenancy or a previous tenancy from us as a result of the death of a previous tenant ▪ who was a joint tenant but following the death of the other joint tenant is now a sole tenant ▪ who has obtained this tenancy otherwise than by way of a tenancy exchange (unless they were a successor in respect of another tenancy) or an order made in family or civil partnership proceedings. 4.5.2 If you do not have a spouse or civil partner and your tenancy began before 1 April 2012, then provided that you are not a successor as defined above the tenancy will pass to another member of your family as defined by section 113 of the Housing Xxx 0000 who has been living with you for a continuous period of at least twelve months before your death. 4.5.3 If your tenancy began on or after 1 April 2012, there is no statutory right to succeed in the circumstances set out in 4.5.2 above but we will grant a succession if all conditions set out in 4.5.2 are fulfilled. If you are living with someone as if they were your spouse or civil partner then you have the right to succeed as set out in 4.5.1 above. 4.5.4 If a joint tenant dies the tenancy will pass to the other joint tenant; and that will count as the one allowed succession. 4.5.5 If there is more than one person entitled to succeed and they cannot agree who is to do so, we will decide which person will have the tenancy. 4.5.6 If someone succeeds under 4.5.2 or 4.5.3 above to a property that is larger than their reasonable housing needs require or it is designated as sheltered accommodation and the successor is under the minimum age to qualify to live there, we will expect them to move to more suitable and where appropriate smaller accommodation that will be offered to them. If they refuse to accept the alternative accommodation offered, we have the right to apply to court for an order for possession. 4.5.7 We cannot compel a successor who was your spouse or civil partner or, in cases where the tenancy began on or after 1 April 2012, a person living with you as your spouse or civil partner to move to accommodation more suited to their needs...
Right of Succession. In the event of bankruptcy, insolvency, or any other condition that leaves Apexx unable to continue to reliably manufacture and support it's products. ESI shall have the right to manufacture and maintain the products that includes all software described in the product specification Exhibit A to this agreement. If ESI manufactures the product under this paragraph it shall pay to Apexx or its successor a royalty of [*]% of [*] per unit ESI manufactures for a period of [*] from the date of succession. Said royalty is the total payment due to Apexx or its successor for manufacturing rights and software licenses. The right of ESI under this paragraph shall apply notwithstanding any other provision in this agreement. Apexx shall maintain back-up source code, and development environment tools in a mutually agreed to escrow account for such purpose.
Right of Succession. On the death of a sole Tenant who is not a Successor, the Tenancy shall pass to the Tenant’s spouse, civil partner, or other partner provided that he or she occupies the Premises as his or her only or principal home at the time of the Tenant’s death. A Successor is:
Right of Succession. If you die, the tenancy of your home will pass to your partner. This is called a “succession” of the tenancy. If you have no partner or joint tenant, the tenancy can pass to another close member of your family. To qualify, your partner or the close family members must have lived at your home for at least 1 year. Only one succession is allowed for a tenancy. So, for example, if you have a joint tenancy, the surviving joint tenant automatically takes over. After one succession, there can be no more successions to your children or other close family members; but we will not make them homeless if they have lived with you for at least 12 months immediately before your death, although we may need to move them to a smaller home in some circumstances. The rules are complex. It is best for a close relative or friend to come to the local housing office for advice.
Right of Succession. 15.1 The Company may terminate this Agreement by written notice to Dealer if any person listed in Paragraph 6 of the Dealer Agreement dies or if the Dealer Operator is so physically or mentally incapacitated as to be unable to actively exercise full managerial authority over Dealer. The effective date of the termination shall be stated in the notice, but will not be less than ninety (90) days after receipt of the notice. 15.2 (a) Notwithstanding the right of the Company to terminate this agreement upon death or incapacity as set forth above, the Company will not terminate this Agreement if: (i) The surviving owners, officers or Dealer Operator listed in Paragraph 6 of the Dealer Agreement remain unchanged and can in the opinion of the Company, comply with the requirements imposed upon Dealer by this Agreement; or (ii) Within the 90-day notice period referred to above, or such reasonable time as circumstances may require and the Company may approve, arrangements are completed for the assumption of active management and/or ownership of Dealer during the remainder of the term of this Agreement by persons satisfactory to the Company; or 15
Right of Succession. If you are not a successor and if on your death there is no person who is able to succeed as your spouse, civil partner or other partner, then we agree to use our discretion to consider allowing a succession to:- 1) A person who is a member of your family (as defined by the Housing Xxx 0000, S113) 2) And who has lawfully occupied the premises as their only or principal home at the time of your death and lawfully resided with you throughout the period of 12 months ending with your death 3) And who makes a claim in writing to us within 3 months of your death, or such longer period as we may in our discretion allow
Right of Succession. 23 15.1 Continuation of this Agreement Upon Death or Incapacity........... 23 15.2
Right of Succession. This is the right for someone to take over the tenancy when you die. On your death and as long as you are not a successor (as defined at clause (vi) below), the following persons have a right to succeed to this tenancy: (i) any surviving joint tenant(s) if they occupied your home as their only or principal home at the time of your death; (ii) your spouse, or civil partner provided that they occupied your home as their only or principal home at the time of your death; (iii) If you have no surviving spouse, civil partner or joint tenant(s), another member of your family (as defined below at (vii)) may succeed as long as:-  they occupied your home as their only or principal home; and  they lived with you throughout the period of 12 months ending with your death; (iv) Where there is no spouse or civil partner entitled to succeed and there is more than one member of your family entitled to succeed they should agree between themselves who will claim it. If they cannot agree, they should all make a claim and we will decide to whom we will offer the tenancy. When we have decided we will tell everyone involved the person to whom we will offer the tenancy; (v) The successor or potential successor(s) must notify us in writing of your death within a month together with any details, where applicable, of any agreement reached or ongoing dispute requiring a decision to be made as set out in clauses (iv) above; (vi) You are a successor if:  you were a joint tenant and have become the sole tenant;  you gained this tenancy as a result of an exchange of tenancies and you were a successor under your original tenancy;  you gained this tenancy as a result of a court order relating to matrimonial proceedings and your spouse was a successor; or  you gained this tenancy by a right to succession following the death of the previous tenant or under the will or intestacy of the previous tenant; (vii) A person is a member of your family if they are: your spouse or civil partner, parent, person living with you as husband or wife (or as if they were civil partners) your grandparent, child, grandchild, brother, sister, uncle, aunt, nephew, niece, or step- relative or adopted child.
Right of Succession. 15.1 The Council will administer any Claim to the Right of Succession of a person claiming he or she is qualified to succeed to the tenancy of a Property dwelling under sections 87 to 90 of the Housing Xxx 0000. A copy of the Council's policy for administering such claims is set out in Annex B, and is available free of charge from the Council. 15.2 If the Council receives a Claim to the Right of Succession, it will within 14 days of receiving the claim inform the TMO in writing that the claim has been made. 15.3 If the Council accepts a Claim to the Right of Succession it will inform the person or persons who made the claim in writing that it accepts the claim and at the same time inform the TMO in writing that the Claim to the Right of Succession has been accepted and the name of the person who has succeeded to the tenancy.