Common use of Transfer Prohibited Clause in Contracts

Transfer Prohibited. The Trade Name granted hereunder shall not be assigned, sublicensed, or otherwise transferred without the prior written consent of Grantor. In the event of a prohibited transfer, Grantor shall have the right to terminate this Agreement forthwith by written notice to Grantee.

Appears in 3 contracts

Sources: Trade Name Use Agreement (Corrections Corporation of America), Trade Name Use Agreement (Cca Prison Realty Trust), Trade Name Use Agreement (Cca Prison Realty Trust)

Transfer Prohibited. The Service Mark ▇▇▇ Trade Name granted hereunder shall not be assigned, sublicensed, or otherwise transferred without the prior written consent of Grantor. In the event of a prohibited transfer, Grantor shall have the right to terminate this Agreement forthwith by written notice to Grantee.

Appears in 2 contracts

Sources: Service Mark and Trade Name Use Agreement (Prison Realty Corp), Service Mark and Trade Name Use Agreement (Prison Realty Corp)