Common use of Transfer and Assignment Restrictions Clause in Contracts

Transfer and Assignment Restrictions. Licensee will not sell, resell, assign, lease, sublicense, encumber, or otherwise transfer its interest in this Agreement or in the Software, or the Documentation in whole or in part, or allow any other person or entity, including any parent or subsidiary of Licensee or other subsidiary of Licensee's parent, to copy, distribute, or otherwise transfer the Software without the prior written consent of Eaton. Licensee may transfer the Software directly to a third party only in connection with the sale of the Eaton product in which it is installed or to which the Software pertains as described by Eaton in the Documentation. In the event of such a sale, Licensee may not keep any copies of the Software or any portion thereof and will require the third party to confirm having received this ▇▇▇▇ and agree to all the terms herein.