Altair Engineering Inc.Consulting Agreement25-Jul-17DEPrepackaged Software
Consultant may not assign this Agreement without the prior written permission of Altair.
Clause Library
Assignment Clause Examples
Assignment clause regulates whether and how contract rights or obligations can be transferred to a third party.
9 examplesSourced from SEC EDGAR
Assignment Clause Overview
An assignment clause states whether, and under what conditions, a party can transfer its rights or obligations under the contract to someone else, commonly requiring the other party's prior written consent.
It's included because a contract is often signed based on trust in, or the specific capabilities of, the particular counterparty, so most parties want some control over who might step into that role later, especially if the business is sold or restructured.
Check whether consent can be "unreasonably withheld" or is entirely at the other party's discretion, and whether there are carve-outs allowing assignment without consent in specific situations, like a merger, acquisition, or transfer to an affiliate.
Sample Clauses - Assignment
Claires Stores IncRetention Bonus Agreement09-Jun-17DERetail-Apparel & Accessory
None of the parties hereto shall assign this Agreement or the rights and obligations hereunder, in whole or in part, without the prior written consent of Apollo; provided, however, that, without obtaining such consent, Apollo may assign this Agreement or its rights and obligations hereunder to any of its partners or members or their affiliates.
Circle of Wealth Fund III LLCMaster Service Agreement03-Jun-19IDReal Estate
Neither party may assign any of its rights or obligations hereunder, whether by operation of law or otherwise, without the other party's prior written consent; provided, however, either party may assign this Agreement in its entirety, without the other party's consent to its Affiliates or in connection with a merger, acquisition, corporate reorganization, or sale of all or substantially all of its assets.
Tactile Systems Technology IncIP Agreement05-Nov-18DEMedical Instruments
This Agreement will not be assignable, in whole or in part, by either party without the prior written consent of the other party, except that the Company may, without the consent of Executive, assign its rights and obligations under this Agreement to an Affiliate or to any corporation to which the Company may sell or transfer all or substantially all of its assets.
NuVasive IncSeparation Agreement06-May-20DEMedical Instruments
Company may assign this Agreement to any successor, affiliate or third party without obtaining the consent of Employee.
Embassy Bancorp, Inc.Lease Agreement12-Mar-21PAState Commercial Banks
Tenant may assign this Lease to a third party with Landlord's prior written consent, which shall not be unreasonably withheld. Any assignment shall be subject to the condition that the assignee assumes all of Tenant's obligations under this Lease.
4Front Ventures Corp.Termination Agreement07-Apr-21ILMedicinal Products
No Party may assign, transfer, or delegate any or all of its rights or obligations under this Termination Agreement without the prior written consent of the other Parties; provided, however, that any Party may assign this Termination Agreement to an heir or a successor-in-interest by consolidation, merger, or operation of law.
58.com Inc.Subscription Agreement13-May-16KYComputer Programming
The registration rights under this Agreement may be transferred or assigned by any Investor to an Affiliate or any transferee or assignee of its Company Securities representing one percent (1%) or more of the issued share capital of the Company.
89bio, Inc.Employment Agreement23-Sep-19DEPharmaceutical Preparations
Neither this Agreement nor any right or interest hereunder shall be assignable or transferable by the Employee, his beneficiaries or legal representatives without the prior written consent of the Company. This Agreement shall inure to the benefit of and be enforceable by the Employee's legal personal representative.
All clause examples are sourced from publicly available SEC EDGAR filings. These clauses are provided for educational and reference purposes only and do not constitute legal advice. Always consult a qualified attorney before using any clause in your contracts.
Frequently Asked Questions
- What is the Assignment clause?
- Assignment clause regulates whether and how contract rights or obligations can be transferred to a third party.
- When would a contract include the Assignment clause?
- Parties typically add a clause like this when the underlying issue is important enough that they want the agreement itself to state a clear, negotiated position, rather than leaving it to interpretation, industry custom, or whatever default rule would otherwise apply. How specific the wording gets usually reflects how much this point mattered in negotiation.
- What should I watch for when reviewing the Assignment clause?
- Wording for this type of clause varies a lot between contracts, scope, triggering conditions, exceptions, and any related defined terms are often heavily negotiated. When reviewing one, compare it against your own priorities rather than assuming a standard or "market" version applies, and check how it interacts with other clauses in the same agreement.
- Is this clause legally required, and can I just copy an example into my contract?
- Whether a clause like this is needed, and exactly how it should be worded, depends on the contract, the industry, and the laws that apply to that specific agreement. The examples on this page are for general education and reference, not legal advice, so for a contract you intend to sign, have the specific language reviewed by a qualified lawyer.