Successors and Assigns Clause Example from Business Contracts

Successors and Assigns. (a) Assignment by the Employer. To the extent permitted by state law, the Employer may assign this Agreement to any subsidiary or corporate affiliate, or to any successor or assign (whether direct or indirect, by purchase, merger, consolidation, or otherwise) to all or substantially all of the business or assets of the Employer. This Agreement shall inure to the benefit of the Employer and its successors and assigns. 5 (b) No Assignment by the Employee. The Employee may not assign this Agreement... or any part hereof. Any purported assignment by the Employee shall be null and void from the initial date of purported assignment. View More