The "No assignment or delegation" clause restricts parties from transferring their rights or obligations under the contract to another party without prior consent from the original contracting parties. This clause ensures that the involved parties continue to operate under the terms initially agreed upon, maintaining the integrity and intent of the contract.
No Assignment or Delegation. This Assignment shall be binding upon and shall inure to the benefit of the Parties and their respective successors and permitted assigns. No Party shall have any power or any right to assign or transfer, in whole or in part, this Assignment, or any of its rights or any of its obligations hereunder, including, without limitation, any right to pursue any claim for damages pursuant to this Assignment or the transactions contemplated herein, or to pursue any claim for any breach or default of this Assignment, or any right arising from the purported assignor’s due performance of its obligations hereunder, without the prior written consent of the other Party and any such purported assignment in contravention of the provisions herein shall be null and void and of no force or effect.
5. Assignment. Neither party may assign any of its rights or delegate any of its obligations (i) under Section 1 or Section 2 hereof other than to an Eligible Assignee or (ii) under Section 3 hereof without the prior written consent of the other party. Any purported assignment or delegation in violation of this Section 5 shall be null and void. No assignment or delegation shall relieve the assigning or delegating party of any of its obligations hereunder. This letter agreement is for the sole benefit of the parties hereto and their respective successors and permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any other person or entity any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this letter agreement.
Section 5.12 No Assignment or Delegation. No Party may assign any right or delegate any obligation hereunder, including by merger, consolidation, operation of law, or otherwise, without the written consent of the all of the other Parties and any purported assignment or delegation without such consent shall be void, in addition to constituting a material breach of this Agreement. This Agreement shall be binding on the permitted successors and assigns of the Parties.
No assignment or delegation of this Agreement will relieve the assigning or delegating party of its obligations hereunder.
No Assignment or Delegation Without Prior Approval. No portion of the Agreement or any of its provisions may be assigned, nor obligations delegated, to any other person or party without the prior written consent of the Parties except by operation of law or as otherwise set forth herein.
Section 6.10 Binding Effect: No Assignment or Delegation. This Loan Agreement shall be binding upon and inure to the benefit of the Borrower and its successors and the Lender and its successors and assigns. The rights and obligations of the Borrower under this Agreement shall not be assigned or delegated without the prior written consent of the Lender, and any purported assignment or delegation without such consent shall be void.
No assignment or delegation by the Guarantor shall release the Guarantor of his or its obligations under this Guaranty.
Section 6.14 No Assignment or Delegation. This Agreement shall be binding upon and shall inure to the benefit of the Parties and their respective successors and permitted assigns. No Party shall have any power or any right to assign or transfer, in whole or in part, this Agreement, or any of its rights or any of its obligations hereunder, including, without limitation, any right to pursue any claim for damages pursuant to this Agreement or the transactions contemplated herein, or to pursue any claim for any breach or default of this Agreement, or any right arising from the purported assignor’s due performance of its obligations hereunder, including by merger, consolidation, operation of law, or otherwise, without the prior written consent of the other Party and any such purported assignment in contravention of the provisions herein shall be null and void and of no force or effect.
(a) No Assignment or Delegation. Employee acknowledges that the services to be rendered by Employee pursuant to this Agreement are unique and personal, and agrees that Employee shall not assign any of Employee’s rights nor delegate any of Employee’s duties under this Agreement.
19. Assignment. Neither Party may assign any of its rights or delegate any of its obligations hereunder without the prior written consent of the other Party, provided that GVIC may assign any of its rights and delegate any of its obligations hereunder to any person or entity that acquires substantially all of GVIC’s assets. Any purported assignment or delegation in violation of this Section shall be null and void. No assignment or delegation shall relieve the assigning or delegating Party of any of its obligations hereunder. This Agreement is for the sole benefit of the parties hereto and their respective successors and permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any other person or entity any legal or equitable right, benefit, or remedy of any nature whatsoever under or by reason of this Agreement.
No Assignment or Delegation. This Agreement shall be binding upon and shall inure to the benefit of the Parties and their respective successors and permitted assigns. No Party shall have any power or any right to assign or transfer, in whole or in part, this Agreement, or any of its rights or any of its obligations hereunder without the prior written consent of the other Party and any such purported assignment in contravention of the provisions herein shall be null and void and of no force or effect.
No assignment or delegation of the Company’s rights or obligations under this Agreement shall be made or be effective absent the prior written consent of all Lenders. This Agreement is solely for the benefit of, and shall bind solely, the Parties and their respective successors and permitted assigns, and no other person or persons shall have any right, benefit, priority or interest under or because of the existence of this Agreement.
“No Assignment or Delegation” is a contractual clause that prohibits either party in a contract from transferring their rights or obligations to another party without the prior consent of the counterparty. This ensures that the parties who originally entered into the agreement remain responsible for their respective duties and benefits under the contract, maintaining the intended balance and trust between them.
You should consider including a “No Assignment or Delegation” clause in a contract when:
When drafting a “No Assignment or Delegation” clause, clarity is essential. Here is a basic example:
“Neither party may assign or delegate any rights or obligations under this Agreement without the prior written consent of the other party.”
This clause can be customized to allow certain exceptions or conditions under which assignment or delegation might be permissible.
Contracts that typically include a “No Assignment or Delegation” clause are:
Using this clause helps maintain the integrity and objectives of the contract by ensuring the agreed parties fulfill their respective roles.
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Dive deeper into the world of clauses and learn more about these other clauses that are used in real contracts.
The "No Assignment" clause prohibits either party in a contract from transferring their rights or obligations under the agreement to a third party without prior written consent from the other party. This clause helps maintain the original parties' control over the contractual relationship and ensures that any changes to involved parties are mutually agreed upon.
The "No Compensation" clause specifies that a party, typically the employee or service provider, will not receive additional payment or financial remuneration outside what has already been agreed upon in the main contract. This clause often clarifies that any activities or duties performed beyond the initial scope do not warrant extra compensation unless explicitly stated.
The "No Employment Commitment" clause clarifies that neither party intends to create a formal employment relationship through their agreement. It specifies that the agreement does not guarantee employment, permanent or otherwise, for either party involved.
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