COMMENTS

  1. Heirs, Successors and Assigns Sample Clauses

    Heirs, Successors and Assigns. The covenants herein shall be binding upon, and inure to the benefit of, the heirs, successors and assigns of the parties hereto.

  2. Examples of successors and assigns clauses in contracts

    Successors and Assigns. The provisions of this Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. The assignment or otherwise transfer of any party's rights under this Amendment shall be governed by Section7.05 of the VRDP Shares Purchase Agreement.

  3. Getting Rid of the "Successors and Assigns" Provision

    To Bind an Assignee to Perform: According to Tina's book, some courts have held that a successors and assigns provision in a contract binds the assignee of any rights under that contract to perform the assignor's obligations under that contract. But such a holding is inconsistent with accepted law.

  4. Heirs and Successors Contract Clause Examples

    This Agreement shall be binding upon, and inure to the benefit of, the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's assets and business.

  5. Successors and Assigns Contract Clause Examples

    Without limiting Section 2 hereof, the provisions of this Agreement shall inure to the benefit of, and be binding upon, the successors, administrators, heirs, legal representatives and assigns of the Grantee, and the successors and assigns of the Company. Found in ATHERSYS, INC contract View Examples Successors and Assigns.

  6. Effect of Use or Absence of "Heirs," "Successors," and "Assigns"

    The assignment of an executory contract by one party does not relieve the assignor of his/her personal liability to the other contracting party, nor does it create personal liability on the part of the assignee, without a provision to that effect.

  7. Binding Effect Successors and Assigns Contract Clauses (107)

    View Examples. Binding Effect Successors and Assigns. Subject to the transfer restrictions contained herein, this Grant shall be binding upon, and inure to the benefit of, the Company and the Grantee and their respective heirs, legal representatives, and permitted successors and assigns. Found in Hill International, Inc. contract. View Examples.

  8. General Contract Clauses: Successors and Assigns

    A Standard Clause, sometimes also referred to as a binding effect clause, stating the parties' intention that their respective successors and assigns be entitled to the benefits of, and subject to the obligations created by, the agreement. This Standard Clause has integrated notes with important explanations and drafting tips.

  9. Commercial, Clause Description

    The successors and assigns clause, sometimes referred to as the inurement (or enurement) clause, states that the agreement is for the benefit of, and can be enforced by, the successors, permitted assigns, and, sometimes, heirs of the parties or other designated third parties. It is often combined with an assignment clause.

  10. PDF SUCCESSORS AND ASSIGNS

    The successors and assigns provision is a staple of commercial contracts.2 Although inserted almost ritualistically, its function and effect are rarely understood.3 Generally speaking, its purpose is to memorialize the relationship between the nonassigning party and the assignee. In addition, the cases have suggested other secondary purposes.

  11. "Successors and Assigns" Clause

    "Successors and Assigns" Clause - Probably Valuable, If Correctly Written Alan L Sklover 07/15/08 "Carelessness is worse than theft." - Gaelic Proverb ACTUAL CASE HISTORY: Shortly after college, at age 23, Simon was hired by a family-owned real estate development firm as a Project Manager.

  12. Swapping Violin Bridges and Contract Parties

    A typical successors and assigns clause might read: This agreement is binding upon and inures to the benefit of the parties and their respective heirs, successors, and assigns. This language states the agreement is binding on "heirs, successors, and assigns," but it might not be obvious to some what that means. "Heirs" applies only if ...

  13. General Contract Clauses: Successors and Assigns

    A Standard Clause, sometimes also referred to as a binding effect clause, stating the parties' intention that their respective successors and assigns be entitled to the benefits of, and subject to the obligations created by, the agreement. This Standard Clause has integrated notes with important explanations and drafting tips.

  14. Deed included "heirs, successors, and assigns" of the grantee. What

    What is the legal effect of the "heirs, successors, and assigns" language? This looks like a boilerplate deed, so I think this language must have evolved to address from some real world contingency. Asked in Coral Springs, FL | Feb 22, 2014 | 3 answers Ask your own question Get a real-time response from a licensed attorney for free!

  15. What Does Successors And Assigns Mean In A Management Contract?

    In Contract Management, "Successors and Assigns" is a term used to refer to the parties who may have the rights and obligations stated in the contract after it has been signed. It means that the parties involved in the contract who have certain rights can transfer their rights to other individuals or entities.

  16. Heirs, Successors and Assigns Sample Clauses: 1k Samples

    Legal, Successors and Assigns. Each and all of the covenants, terms, provisions and agreements herein contained shall be binding upon and inure to the benefit of the parties hereto and, to the reach ...

  17. Lawgood

    Successors and Assigns clauses provide that a party's successors and assigns will be subject to the obligations of, and be entitled to the benefits under, the agreement. The sample clause here is mutual and drafted to be neutral. For more versions of this clause or other contractual clauses, try Law