Assignment needs consent except a whole-agreement transfer on merger or asset sale
Catalog row in Vendor License Rules · Cited
- Kind
- Transfer
- Statement
- MA s.15.7: neither party may assign, transfer or sublicense the agreement or its rights without prior written consent, which may not be unreasonably withheld for a transfer of the whole agreement to the surviving entity of a merger or a purchaser of substantially all assets that assumes the obligations in writing. Hyland may assign to its affiliates without consent.
- Applies when
- Divestitures, mergers and internal reorganisations.
- Applies to
- All Hyland agreements.