Successors Clause Example from Business Contracts

This example Successors clause appears in 4 contracts from 2 companies

Successors. (a) The Company will require any successor, whether direct or indirect, by purchase, merger, consolidation or otherwise, to all or substantially all of the business and/or assets of the Company to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. (b) This Agreement shall inure to the benefit of, and be enforceable by, Executive's personal or legal representatives, ...executors, administrators, successors, heirs, distributes, devisees and legatees. View More