The enurement clause specifies that the rights and obligations outlined in a contract are binding upon and benefit the parties involved and their respective successors, heirs, and assigns. This ensures that the terms of the contract continue to apply even if the parties transfer their interests or obligations to another entity.
Enurement This Agreement will enure to the benefit of and be binding upon the parties hereto and their respective successors and permitted assigns.
Enurement. This Amending Agreement and all of the provisions of this Amending Agreement shall be binding upon and enure to the benefit of the Parties and their respective successors and permitted assigns.
Enurement. This Second Amendment Agreement and all of the provisions of this Second Amendment Agreement shall be binding upon and enure to the benefit of the Parties and their respective successors and permitted assigns.
Enurement. This Separation Agreement shall enure to the benefit of and be binding upon you and your respective successors and assigns, including without limitation, your heirs, executors, administrators and personal representatives.
Enurement. This Supplemental Warrant Indenture shall enure to the benefit of the parties hereto and their respective successors and permitted assigns.
Enurement. This Agreement shall be binding upon and shall enure to the benefit of the Parties and their respective heirs, executors, administrators and successors.
Assignment and Enurement. This Agreement shall enure to the benefit of and be binding upon the parties and their respective successors (including any successor by reason of amalgamation or merger of any Party) and permitted assigns hereunder, provided that no Party may assign, delegate or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the other Parties.
Enurement This Amending Agreement shall enure to the benefit of and shall be binding upon the parties hereto and their respective successors, permitted assigns and heirs, estate, executors and legal personal representatives. No party may assign any of its rights or obligations hereunder except in accordance with the terms of the USA.
ENUREMENT This Agreement and everything herein contained will enure to the benefit of and be binding upon the successors and assigns of each of the parties hereto.
ENUREMENT This Agreement shall enure to the benefit of and be binding upon the parties hereto and their respective heirs, executors, administrators, successors, personal representatives and permitted assigns.
7. ENUREMENT AND NOTICES 7.1 The parties acknowledge that this Agreement shall be subject to approval of such regulatory authorities as may have jurisdiction over the transactions herein contemplated. 7.2 This Agreement shall enure to the benefit of and be binding upon the parties hereto, their respective legal personal representatives, successors and assigns. However, being in the nature of a personal service contract on the part of the Consultant, this Agreement shall not be assigned by the Consultant, nor shall the Consultant subcontract the performance of the Consultant’s obligations under this Agreement, nor shall the obligations of the Consultant under this Agreement be performed by another, without the prior written consent of the Company. 7.3 Any notice to be given by either party to the other hereunder shall be sufficient if in writing and sent by facsimile, courier or mail to the following co-ordinates, or such other co-ordinates as either party may give to the other in writing.
Enurement This Amended and Restated Amending Agreement shall be binding upon and shall enure to the benefit of the Parties and their respective administrators, trustees, receivers, receiver-managers, successors and permitted assigns
Enurement is a legal concept often found in contracts and agreements, which ensures that the contract’s obligations, rights, and benefits apply not only to the original parties but also to their successors, heirs, or assigns. The term is often used in the context of clauses that specify how a contract will be binding or benefit future parties related to the original signatories.
Enurement clauses are essential in contracts where it is likely that parties may transfer their rights or obligations to another entity or individual in the future. This ensures continuity and clarity in contractual obligations, regardless of changes in direct parties involved due to events such as mergers, acquisitions, or death.
You should consider using enurement clauses in agreements if:
An enurement clause is typically concise and can be written in various ways based on the specifics of the contract. Here is a generic template:
“This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective heirs, executors, administrators, successors, and assigns.”
When drafting an enurement clause, ensure that it accurately reflects the intentions of the parties involved and aligns with the governing laws applicable to the contract.
Enurement clauses are common in various types of contracts, particularly where long-term relationships and potential succession issues are likely. Typical examples include:
Real Estate Agreements: Contracts for sale, leases, and mortgages often include enurement clauses to cover any succession in ownership or interest.
Partnership Agreements: These agreements may outline the enurement of responsibilities and benefits upon changes in partnership composition.
Business Contracts: Such as service agreements or supplier agreements where company ownership might change.
Employment Contracts: Especially in executive employment agreements where obligations may pass to successors.
In each case, the inclusion of an enurement clause ensures that the contract remains binding and enforceable, even if the parties to it change over time.
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Dive deeper into the world of clauses and learn more about these other clauses that are used in real contracts.
Environmental indemnification is a contractual clause in which one party agrees to compensate or shield another party from liabilities related to environmental damages or breaches of environmental laws and regulations. This clause typically seeks to allocate the financial burden of cleanup, legal fees, and penalties associated with environmental issues that may arise during or after a transaction or project.
Equity compensation refers to non-cash benefits that give employees ownership in the company, often in the form of stock options, restricted stock units, or employee stock purchase plans. This form of compensation is intended to align the interests of employees with those of shareholders, incentivizing employees to contribute to the company’s success.
The "Errors and Omissions" clause provides protection for parties against unintentional mistakes or oversights that might occur in the documentation or execution of a contract. It typically allows for corrections to be made without penalizing the responsible party, thereby ensuring the contract remains fair and accurate.
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