Termination for Transfer Clause Samples
The Termination for Transfer clause allows one party to end the agreement if the other party undergoes a transfer, such as a merger, acquisition, or sale of its business or assets. Typically, this clause is triggered when control of a party changes hands, and it may require advance notice or specify certain conditions under which termination is permitted. Its core function is to protect parties from being bound to a contract with an unintended or unknown successor, thereby managing risk and ensuring that contractual relationships remain with trusted entities.
Termination for Transfer. This Lease shall terminate pursuant to Section 18 if there is any voluntary or involuntary assignment or Transfer other than provided in in Section 13.4 or as otherwise expressly provided in this Lease.
Termination for Transfer. This ▇▇▇▇ shall immediately terminate with or without notice from PDQ to Licensee if Licensee attempts or makes any assignment, transfer, publication, or disposition of the Software, except as expressly
Termination for Transfer. The license granted in Section 1 above applies only to the extent that Owner continues to possess the applicable Digital Asset. If at any time the Owner sells, trades, donates, gives away, transfers, or otherwise disposes of a Digital Asset for any reason, this Owner Agreement, including without limitation, the license rights granted to Owner in Section 1 will immediately terminate, with respect to such Digital Asset, without the requirement of notice, and Owner will have no further rights in or to such Digital Asset or Digital Object(s) associated therewith.
Termination for Transfer. The Owner License applies only to the extent that Owner continues to own the applicable NFT. If at any time the Owner sells, trades, donates, gives away, transfers, purports to transfer, or otherwise disposes of the NFT for any reason, this Owner Agreement, including without limitation the Owner License granted to Owner will immediately terminate without the requirement of notice, and Owner will have no further rights in or to the NFT, Digital Object(s), or any Entitlement(s).
Termination for Transfer. Except for a Permitted Transfer effectuated in accordance with the terms of this Owner Agreement, including without limitation, Section 1.5, this Owner Agreement shall automatically terminate upon any purported transfer by the Owner. For clarity, any transfer of the NFT, other than a Permitted Transfer, terminates the Owner Agreement, including without limitation, the Owner License and Entitlement in its entirety.