Transferability; Attachment Sample Clauses
The 'Transferability; Attachment' clause defines the conditions under which rights or obligations under an agreement may be transferred from one party to another and when such rights become legally enforceable. Typically, this clause specifies whether assignments or transfers require prior consent, and it may outline exceptions or procedures for effecting a valid transfer. Its core function is to provide clarity and control over the movement of contractual rights, thereby preventing unauthorized transfers and ensuring that all parties are aware of and agree to any changes in the contractual relationship.
Transferability; Attachment. The CVRs shall not be subject, in whole or in part, to attachment, execution, or levy of any kind, and any attempt to sell, pledge, assign, hypothecate, transfer or otherwise dispose of the CVRs or any interest therein, other than through a Permitted Transfer, shall be void ab initio.