Binding on Assigns Clause Examples
The "Binding on Assigns" clause ensures that the rights and obligations established in an agreement extend not only to the original parties but also to their successors and permitted assigns. In practice, this means that if a party transfers its interest in the contract to another entity—such as through a merger, acquisition, or assignment—the new party is legally bound by the same terms and conditions as the original party. This clause is essential for maintaining the continuity and enforceability of contractual obligations, preventing parties from circumventing their responsibilities by transferring them to others.
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Binding on Assigns. This Settlement shall be binding upon, and inure to the benefit of, the Parties and their respective heirs, trustees, executors, administrators, successors, and assigns.
Binding on Assigns. This Agreement is binding upon and inures to the benefit of the respective heirs, successors, assigns, personal representatives, executors and administrators of Employee and IB.
Binding on Assigns. This Agreement shall inure to the benefit of, and be binding upon, the parties, their heirs, executors and administrators, successors, and assigns.
Binding on Assigns. This Settlement Agreement shall be binding upon and inure to the benefit of the Parties and their respective heirs, trustees, executors, administrators, successors, and assigns.
Binding on Assigns. The provisions of this Agreement shall inure to the benefit to and be binding on the permitted assigns of the parties.
Binding on Assigns. Each and all of the covenants and conditions of this Agreement shall be binding on and shall inure to the benefit of the successors and assigns of he respective parties.
Binding on Assigns. All terms, conditions, and agreements of this Lease shall be binding upon, apply, and inure to the benefit of the parties hereto and their respective heirs, representatives, successors, and assigns.
Binding on Assigns. This instrument shall be binding upon the parties to this Agreement and their respective successors and assigns.
Binding on Assigns. 19.1 This Agreement shall be binding upon and inure to the benefit of the Parties and their respective heirs, trustees, executors, administrators, successors, and assigns.
Binding on Assigns. This Guaranty shall be binding upon Guarantor and upon the heirs, executors, successors (including, without limitation, any receiver, trustee or debtor-in-possession of or for Guarantor) and assigns of Guarantor, and shall inure to the benefit of Lender and its successors and assigns; provided, however, that Guarantor’s obligations hereunder may not be delegated or assigned without Lender’s prior written consent.