Parties in Interest Clause Example from Business Contracts

This example Parties in Interest clause appears in 2 contracts from 2 companies

Parties in Interest. This Agreement shall be binding upon and inure solely to the benefit of each Party and their respective successors and assigns, and nothing in this Agreement, express or implied is intended to or shall confer upon any other Person any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.