Transfer restrictions clause: Copy, customize, and use instantly
Introduction
A transfer restrictions clause is used to limit the ability of a party to transfer or assign rights, interests, or obligations under an agreement. It is typically used in situations where one party does not want the other to transfer ownership or control to a third party without approval. This clause helps protect the interests of the parties involved, ensuring that transfers only occur under specific conditions, or with prior consent.
Below are templates for transfer restrictions clauses tailored to different scenarios. Copy, customize, and insert them into your agreement.
Transfer of ownership interest
This clause restricts the transfer of ownership interests in a business.
The [Party Name] agrees not to transfer, sell, assign, or otherwise dispose of any ownership interest in the company, whether directly or indirectly, without the prior written consent of [Secured Party Name]. Any attempted transfer without such consent will be null and void.
Assignment of rights and obligations
This clause restricts the assignment of rights and obligations.
The [Party Name] may not assign, delegate, or transfer any of its rights, duties, or obligations under this Agreement to any third party without the prior written consent of [Secured Party Name]. Any transfer or assignment made in violation of this clause will be deemed a material breach of this Agreement.
Transfer of shares or equity interests
This clause restricts the transfer of shares or equity interests.
The [Party Name] shall not transfer, sell, pledge, or otherwise encumber any shares or equity interests in the company, except in accordance with the transfer procedures specified in the company’s bylaws and with the prior written approval of [Secured Party Name].
Transfer of intellectual property
This clause restricts the transfer of intellectual property.
The [Party Name] agrees not to assign, transfer, or sublicense any intellectual property rights granted under this Agreement to any third party without the prior written consent of [Secured Party Name]. Any unauthorized transfer will result in the termination of this Agreement.
Transfer of contractual rights
This clause restricts the transfer of contractual rights.
The [Party Name] shall not transfer or assign its rights, titles, or interests under this Agreement to any third party, whether by sale, assignment, or any other means, without the express written consent of [Secured Party Name]. Any attempted transfer without consent will be considered void and without effect.
Transfer of assets
This clause restricts the transfer of assets.
The [Party Name] agrees not to transfer, sell, lease, or otherwise dispose of any assets critical to the performance of this Agreement, including but not limited to [list of assets], without the prior written approval of [Secured Party Name]. Any unauthorized transfer will be considered a breach of this Agreement.
Restrictions on transferability of securities
This clause restricts the transferability of securities.
The [Party Name] shall not transfer, assign, or encumber any securities, whether in the form of stock, bonds, or other interests, without the prior written approval of [Secured Party Name]. The transferability of securities shall be subject to the conditions outlined in this Agreement and the company’s governing documents.
Transfer in case of insolvency
This clause restricts transfer in case of insolvency.
In the event of insolvency, bankruptcy, or any other similar financial condition, the [Party Name] agrees not to transfer any rights, obligations, or assets under this Agreement to any third party, except with the prior written consent of [Secured Party Name]. Any such transfer made without consent will be considered a violation of this Agreement.
Transfer to competitors
This clause restricts the transfer of rights to competitors.
The [Party Name] agrees not to transfer any rights, assets, or obligations under this Agreement to any competitor of [Secured Party Name] without prior written consent. Any transfer made to a competitor without such consent will result in the termination of this Agreement.
Transfer by merger or acquisition
This clause restricts transfers resulting from mergers or acquisitions.
The [Party Name] agrees not to transfer any rights, obligations, or assets under this Agreement in connection with a merger, acquisition, or consolidation unless [Secured Party Name] provides prior written approval. In the event of an acquisition, the terms of this Agreement will remain binding on the acquiring party.
Restrictions on transfer of controlling interest
This clause restricts the transfer of a controlling interest in the business.
No [Party Name] shall transfer, sell, or otherwise dispose of a controlling interest in the company without the prior written consent of [Secured Party Name]. The transfer of a controlling interest without consent will result in the termination of this Agreement.
Transfer to third-party contractors
This clause restricts transfer to third-party contractors.
The [Party Name] agrees not to transfer, subcontract, or assign its obligations under this Agreement to any third-party contractor without the prior written consent of [Secured Party Name]. Any unauthorized transfer will constitute a breach of this Agreement.
Transfer in the event of death or disability
This clause restricts transfer in the event of death or disability.
In the event of the death or disability of the [Party Name], the transfer of any rights, obligations, or interests under this Agreement shall not occur without the express written consent of [Secured Party Name]. The provisions of this Agreement will continue to apply until a valid transfer is approved.
Transfer to affiliated entities
This clause restricts transfer to affiliated entities.
The [Party Name] may transfer its rights or obligations under this Agreement to an affiliate or subsidiary, provided that such transfer does not affect the terms or performance of this Agreement. Any transfer to an affiliate must be approved by [Secured Party Name] in writing.
Transfer of customer contracts
This clause restricts the transfer of customer contracts.
The [Party Name] agrees not to transfer, assign, or delegate any customer contracts or agreements related to the business covered under this Agreement to any third party without prior written consent from [Secured Party Name].
Transfer of proprietary information
This clause restricts the transfer of proprietary information.
The [Party Name] shall not transfer, disclose, or assign any proprietary information, including trade secrets, patents, and confidential data, to any third party without the prior written approval of [Secured Party Name]. Any transfer of proprietary information without consent will be considered a material breach of this Agreement.
Transfer due to change of control
This clause restricts transfers due to change of control.
Any transfer or assignment of this Agreement resulting from a change of control, whether by way of merger, sale of assets, or other means, shall require the prior written consent of [Secured Party Name]. A change of control without consent will result in the immediate termination of this Agreement.
Restrictions on transfer of investment interests
This clause restricts the transfer of investment interests.
The [Party Name] agrees not to transfer any investment interests, including shares, units, or partnership interests, in [Company Name] without the prior written consent of [Secured Party Name]. Any unauthorized transfer will be deemed void.
Transfer in violation of laws or regulations
This clause restricts transfers that violate laws or regulations.
The [Party Name] agrees not to transfer any rights, assets, or obligations under this Agreement if such transfer would violate applicable laws, regulations, or contractual restrictions. Any transfer in violation of such laws will be null and void.
Transfer by way of assignment or novation
This clause restricts transfer by assignment or novation.
The [Party Name] shall not assign or novate any part of this Agreement without the prior written consent of [Secured Party Name]. Any assignment or novation made without such consent will be considered void and unenforceable.
Transfer of rights to licenses or trademarks
This clause restricts the transfer of rights to licenses or trademarks.
The [Party Name] agrees not to transfer, assign, or sublicense any rights to licenses, trademarks, or other intellectual property without the prior written consent of [Secured Party Name]. Any transfer made without such consent will be deemed invalid and unenforceable.
Transfer of real property
This clause restricts the transfer of real property.
The [Party Name] agrees not to transfer, sell, or encumber any real property, including land, buildings, or any rights to real property, without obtaining prior written approval from [Secured Party Name]. Any transfer made without such approval will be considered a violation of this Agreement.
Transfer due to corporate reorganization
This clause restricts transfer due to corporate reorganization.
The [Party Name] agrees that any transfer of rights, interests, or obligations resulting from a corporate reorganization, including mergers, acquisitions, or spin-offs, shall not occur without the prior written consent of [Secured Party Name]. This clause ensures that the terms of this Agreement remain intact after such events.
Transfer of equipment or machinery
This clause restricts the transfer of equipment or machinery.
The [Party Name] agrees not to transfer, lease, sell, or assign any equipment or machinery used in the performance of obligations under this Agreement without the prior written consent of [Secured Party Name]. Unauthorized transfer will result in immediate termination of this Agreement.
Transfer of equity interests in subsidiaries
This clause restricts the transfer of equity interests in subsidiaries.
The [Party Name] agrees not to transfer, sell, or dispose of any equity interests in its subsidiaries or affiliates without the prior written approval of [Secured Party Name]. This includes any stock, shares, or membership interests held in subsidiaries.
Transfer to unrelated parties
This clause restricts the transfer to unrelated parties.
The [Party Name] agrees that it shall not transfer, assign, or delegate any rights or obligations under this Agreement to any unrelated third party without the prior written consent of [Secured Party Name]. Such a transfer will be deemed a breach of this Agreement.
Transfer of debt obligations
This clause restricts the transfer of debt obligations.
The [Party Name] agrees not to transfer, assign, or pledge any of its debt obligations to any third party without the prior written consent of [Secured Party Name]. Any unauthorized transfer of debt obligations will be considered a material breach of this Agreement.
Transfer of franchise rights
This clause restricts the transfer of franchise rights.
The [Party Name] agrees not to transfer or assign any franchise rights, including any rights to operate or sub-franchise under this Agreement, without the express written consent of [Secured Party Name]. Any transfer made without such consent will be considered invalid.
Transfer in the event of a sale of assets
This clause restricts the transfer in the event of a sale of assets.
The [Party Name] agrees that any transfer of assets, including intellectual property, inventory, or goodwill, made in connection with the sale of business assets, must be approved by [Secured Party Name] in writing before such transfer can take place.
Transfer to a competitor or business partner
This clause restricts the transfer to a competitor.
The [Party Name] agrees not to transfer, assign, or delegate its rights or obligations under this Agreement to any competitor or business partner of [Secured Party Name] without the prior written consent of [Secured Party Name]. Any such transfer made without consent will be void.
Transfer as part of a joint venture agreement
This clause restricts transfer as part of a joint venture.
The [Party Name] agrees that it shall not transfer any rights, assets, or interests under this Agreement in connection with the formation of a joint venture without the prior written approval of [Secured Party Name]. The terms of this Agreement shall remain binding regardless of any joint venture arrangements.
Transfer of client relationships
This clause restricts the transfer of client relationships.
The [Party Name] agrees not to transfer any client relationships or contractual obligations with customers under this Agreement to a third party without the express written consent of [Secured Party Name]. Unauthorized transfer of client relationships will be considered a breach of this Agreement.
Transfer of employee agreements
This clause restricts the transfer of employee agreements.
The [Party Name] agrees not to transfer any employee agreements, including non-compete clauses, compensation arrangements, or intellectual property agreements, to a third party without the prior written consent of [Secured Party Name]. Any such transfer made without consent will be deemed void.
Transfer of trade secrets and confidential information
This clause restricts the transfer of trade secrets and confidential information.
The [Party Name] agrees not to transfer, disclose, or assign any trade secrets, proprietary information, or confidential data under this Agreement to any third party without the prior written consent of [Secured Party Name]. Unauthorized transfers will result in immediate termination of this Agreement.
Transfer in the event of bankruptcy
This clause restricts transfer in the event of bankruptcy.
In the event of bankruptcy or insolvency, the [Party Name] agrees not to transfer, assign, or delegate any rights or obligations under this Agreement without the prior written consent of [Secured Party Name]. Any transfer or assignment in violation of this clause will be considered a breach.
Transfer of license or lease agreements
This clause restricts the transfer of license or lease agreements.
The [Party Name] agrees not to transfer or assign any license or lease agreements, including rights to use or lease property or intellectual property, without the prior written consent of [Secured Party Name]. Any unauthorized transfer will be considered a breach of this Agreement.
Transfer in the event of a merger or acquisition
This clause restricts transfer in the event of a merger.
In the event of a merger or acquisition of the [Party Name], the [Party Name] agrees not to transfer or assign any rights or obligations under this Agreement to the acquiring company or entity without the express written consent of [Secured Party Name].
Transfer in the event of a change in control
This clause restricts transfer in case of a change in control.
The [Party Name] agrees that any change in control, whether by ownership transfer or otherwise, shall not result in the transfer of any rights or obligations under this Agreement without the prior written consent of [Secured Party Name]. Any such transfer will be considered invalid.
Transfer of product distribution rights
This clause restricts the transfer of product distribution rights.
The [Party Name] agrees not to transfer or assign any rights to distribute products or services under this Agreement to any third party without obtaining prior written consent from [Secured Party Name].
Transfer of business interests
This clause restricts the transfer of business interests.
The [Party Name] agrees not to transfer or assign any business interests, including ownership stakes, partnership interests, or shareholder rights, to any third party without the express written consent of [Secured Party Name]. Unauthorized transfers will result in the immediate termination of this Agreement.
Transfer of customer contracts or agreements
This clause restricts the transfer of customer contracts.
The [Party Name] agrees not to transfer, assign, or delegate any customer contracts or agreements without the prior written consent of [Secured Party Name]. Any unauthorized transfer of such contracts will be deemed a breach of this Agreement.
Transfer to non-approved third parties
This clause restricts transfer to non-approved third parties.
The [Party Name] agrees not to transfer any rights, interests, or obligations under this Agreement to any third party that has not been pre-approved by [Secured Party Name]. Any such transfer will be considered a material breach of this Agreement.
Transfer of partnership rights
This clause restricts the transfer of partnership rights.
The [Party Name] agrees not to transfer or assign its partnership rights, including voting rights, profit shares, and management responsibilities, without the prior written consent of [Secured Party Name]. Any transfer without approval will be deemed void.
Transfer of operational control
This clause restricts the transfer of operational control.
The [Party Name] agrees not to transfer control over the day-to-day operations or management of its business under this Agreement to any third party without the prior written approval of [Secured Party Name]. Unauthorized transfers of operational control will be considered a breach.
Transfer of intellectual property rights
This clause restricts the transfer of intellectual property rights.
The [Party Name] agrees not to transfer, assign, or license any intellectual property rights, including trademarks, copyrights, or patents, to any third party without the prior written consent of [Secured Party Name]. Unauthorized transfers will result in the termination of this Agreement.
Transfer in connection with merger or acquisition
This clause restricts transfers in the case of a merger or acquisition.
The [Party Name] agrees that any transfer of rights or obligations under this Agreement resulting from a merger or acquisition must be approved in writing by [Secured Party Name] prior to such transfer. Any such transfer without approval will be considered a material breach.
Transfer of financial interests
This clause restricts the transfer of financial interests.
The [Party Name] agrees not to transfer or assign any financial interests, including debt obligations, equity interests, or profit-sharing rights, to any third party without the prior written approval of [Secured Party Name]. Unauthorized transfers will be deemed void.
Transfer of real property rights
This clause restricts the transfer of real property rights.
The [Party Name] agrees not to transfer, sell, lease, or otherwise dispose of any real property rights related to the performance of this Agreement, including land, buildings, or property, without the express written consent of [Secured Party Name].
Transfer of assets in the event of liquidation
This clause restricts transfer in the event of liquidation.
The [Party Name] agrees that in the event of liquidation, the transfer of assets under this Agreement will require the prior written consent of [Secured Party Name]. Any transfer without such consent will be considered a violation of this Agreement.
Transfer of product distribution rights to competitors
This clause restricts the transfer of product distribution rights to competitors.
The [Party Name] agrees not to transfer or assign any product distribution rights under this Agreement to any competitor or entity that could pose a conflict of interest, without the prior written consent of [Secured Party Name].
Transfer of financial or operational records
This clause restricts the transfer of financial or operational records.
The [Party Name] agrees not to transfer any financial or operational records related to this Agreement, including accounting documents, contracts, and business plans, to any third party without the written approval of [Secured Party Name]. Unauthorized transfers will be a breach of this Agreement.
Transfer of company shares to new investors
This clause restricts the transfer of company shares to new investors.
The [Party Name] agrees not to transfer or issue any new shares to investors, either directly or indirectly, without the prior written consent of [Secured Party Name]. Any unauthorized share issuance will be considered invalid under this Agreement.
Transfer of trade secrets or proprietary data
This clause restricts the transfer of trade secrets or proprietary data.
The [Party Name] agrees not to transfer, disclose, or assign any trade secrets, proprietary data, or confidential information related to its business under this Agreement to any third party, unless expressly approved in writing by [Secured Party Name].
Transfer of controlling interest in subsidiaries
This clause restricts the transfer of a controlling interest in subsidiaries.
The [Party Name] agrees not to transfer or sell a controlling interest in any subsidiaries or affiliates of the business without the prior written consent of [Secured Party Name]. Such a transfer will be considered a breach of this Agreement.
Transfer of real estate assets
This clause restricts the transfer of real estate assets.
The [Party Name] agrees not to transfer, lease, or sell any real estate assets owned or leased by the company without the prior written approval of [Secured Party Name], as such assets are integral to the operations under this Agreement.
Transfer of employee-related obligations
This clause restricts the transfer of employee-related obligations.
The [Party Name] agrees not to transfer any obligations related to its employees, including benefits, wages, and other employment terms, to any third party without prior written consent from [Secured Party Name].
Transfer of contractual relationships
This clause restricts the transfer of contractual relationships.
The [Party Name] agrees not to transfer or assign any contractual relationships with its suppliers, clients, or partners under this Agreement to any third party without the written approval of [Secured Party Name].
Transfer for the purpose of asset financing
This clause restricts transfers made for asset financing purposes.
The [Party Name] agrees not to transfer any assets as collateral for financing purposes or to secure any additional loans or debts without the prior written consent of [Secured Party Name].
Transfer in violation of applicable laws
This clause restricts transfers in violation of laws.
The [Party Name] agrees that no transfer of rights, obligations, or assets under this Agreement shall be made in violation of applicable laws or regulations. Any transfer made in violation of such laws will be deemed void and unenforceable.
Transfer of inventory or goods
This clause restricts the transfer of inventory or goods.
The [Party Name] agrees not to transfer, sell, or otherwise dispose of any inventory or goods held under this Agreement without the prior written consent of [Secured Party Name]. Unauthorized transfers of inventory will be deemed a violation of this Agreement.
Transfer of debt obligations to third parties
This clause restricts the transfer of debt obligations to third parties.
The [Party Name] agrees not to transfer, assign, or otherwise encumber any debt obligations related to this Agreement to any third party without the prior written consent of [Secured Party Name]. Any such unauthorized transfer will be considered a breach of this Agreement.
Transfer of equity interests in the company
This clause restricts the transfer of equity interests in the company.
The [Party Name] agrees not to transfer, sell, or assign any equity interests or ownership stakes in the company without obtaining prior written consent from [Secured Party Name]. Any unauthorized transfer will be considered void.
Transfer of intellectual property assets
This clause restricts the transfer of intellectual property assets.
The [Party Name] agrees not to transfer, assign, or sublicense any intellectual property assets, including trademarks, patents, copyrights, and trade secrets, to any third party without the express written approval of [Secured Party Name].
Transfer of customer relationships or goodwill
This clause restricts the transfer of customer relationships or goodwill.
The [Party Name] agrees not to transfer, assign, or otherwise dispose of any customer relationships, contracts, or goodwill related to the business without the prior written consent of [Secured Party Name].
Transfer in connection with financing arrangements
This clause restricts transfer in connection with financing arrangements.
The [Party Name] agrees not to transfer any rights, obligations, or assets related to this Agreement in connection with any financing arrangement or credit facility without the prior written consent of [Secured Party Name].
Transfer due to change in ownership structure
This clause restricts the transfer due to a change in ownership structure.
In the event of a change in the ownership structure of the [Party Name], including a merger, acquisition, or sale of shares, no rights, obligations, or assets under this Agreement may be transferred without the prior written consent of [Secured Party Name].
Transfer of rights under this Agreement to third parties
This clause restricts the transfer of rights under this Agreement.
The [Party Name] agrees not to transfer or assign any rights, benefits, or obligations under this Agreement to any third party without the prior written approval of [Secured Party Name].
Transfer in the event of liquidation or dissolution
This clause restricts transfer in the event of liquidation or dissolution.
In the event of liquidation or dissolution of the [Party Name], no rights, obligations, or assets under this Agreement shall be transferred to any third party without the prior written consent of [Secured Party Name].
Transfer of leases or real property rights
This clause restricts the transfer of leases or real property rights.
The [Party Name] agrees not to transfer, lease, or assign any real property rights, including leases, without the prior written approval of [Secured Party Name]. Unauthorized transfers will be considered a breach of this Agreement.
Transfer of employee obligations
This clause restricts the transfer of employee obligations.
The [Party Name] agrees not to transfer or assign any employee-related obligations, including benefits, pensions, or compensation arrangements, to a third party without the prior written consent of [Secured Party Name].
Transfer of operational control or management rights
This clause restricts the transfer of operational control or management rights.
The [Party Name] agrees not to transfer or delegate any operational control or management rights over the business to a third party without the express written consent of [Secured Party Name]. Unauthorized transfer will be considered a violation of this Agreement.
Transfer in the event of financial distress
This clause restricts transfer in the event of financial distress.
If the [Party Name] enters financial distress, including bankruptcy, insolvency, or liquidation, no rights, obligations, or assets under this Agreement shall be transferred to any third party without the prior written consent of [Secured Party Name].
Transfer of product distribution rights
This clause restricts the transfer of product distribution rights.
The [Party Name] agrees not to transfer or assign any rights to distribute products or services under this Agreement to any third party without the express written approval of [Secured Party Name].
Transfer of franchise rights
This clause restricts the transfer of franchise rights.
The [Party Name] agrees not to transfer, sell, or otherwise assign any franchise rights or any part of the franchise system without the prior written consent of [Secured Party Name].
Transfer in connection with a joint venture
This clause restricts transfer in connection with a joint venture.
The [Party Name] agrees not to transfer any rights, obligations, or assets related to this Agreement in connection with the formation of a joint venture without the prior written consent of [Secured Party Name].
Transfer of debt obligations through assignment or novation
This clause restricts the transfer of debt obligations through assignment or novation.
The [Party Name] agrees not to assign, novate, or transfer any debt obligations or liabilities under this Agreement to any third party without the express written consent of [Secured Party Name].
Transfer of business assets or intellectual property to affiliates
This clause restricts the transfer of business assets or intellectual property to affiliates.
The [Party Name] agrees not to transfer or assign any business assets or intellectual property, including trademarks, patents, or proprietary data, to any affiliate or related entity without the prior written consent of [Secured Party Name].
Transfer of securities or shares in the company
This clause restricts the transfer of securities or shares.
The [Party Name] agrees not to transfer, sell, or otherwise dispose of any securities, shares, or equity interests in the company without the express written consent of [Secured Party Name].
Transfer in the event of a merger or acquisition of assets
This clause restricts the transfer in the event of a merger or acquisition.
The [Party Name] agrees not to transfer or assign any rights or obligations under this Agreement in the event of a merger, acquisition, or sale of assets without the prior written consent of [Secured Party Name].
Transfer of client lists and customer data
This clause restricts the transfer of client lists and customer data.
The [Party Name] agrees not to transfer or assign any client lists, customer data, or any other customer-related information without the prior written consent of [Secured Party Name]. Any unauthorized transfer of such data will be considered a breach of this Agreement.
Transfer of ownership of key assets
This clause restricts the transfer of ownership of key assets.
The [Party Name] agrees not to transfer, sell, or otherwise dispose of any key assets, including but not limited to [list of key assets], without the prior written consent of [Secured Party Name]. Any unauthorized transfer of these assets will result in the termination of this Agreement.
Transfer of contractual obligations in the case of insolvency
This clause restricts the transfer of obligations in case of insolvency.
In the event of insolvency or bankruptcy, the [Party Name] agrees not to transfer or assign any contractual obligations or liabilities to any third party without the prior written consent of [Secured Party Name]. Any transfer made without such consent will be considered void.
Transfer of rights under franchise agreements
This clause restricts the transfer of rights under franchise agreements.
The [Party Name] agrees not to transfer or assign any rights, duties, or obligations under any franchise agreements to any third party without the express written consent of [Secured Party Name]. Unauthorized transfer of franchise rights will be deemed a violation of this Agreement.
Transfer of supplier relationships
This clause restricts the transfer of supplier relationships.
The [Party Name] agrees not to transfer, assign, or delegate any supplier contracts or relationships under this Agreement to any third party without the prior written consent of [Secured Party Name]. Unauthorized transfer will be considered a breach of this Agreement.
Transfer of technology or software licenses
This clause restricts the transfer of technology or software licenses.
The [Party Name] agrees not to transfer, assign, or sublicense any technology or software licenses provided under this Agreement to any third party without obtaining the prior written approval of [Secured Party Name].
Transfer of employee contracts
This clause restricts the transfer of employee contracts.
The [Party Name] agrees not to transfer or assign any employee contracts or employment-related agreements to any third party without the express written consent of [Secured Party Name]. Unauthorized transfer of employee contracts will be considered a violation of this Agreement.
Transfer of real estate leases
This clause restricts the transfer of real estate leases.
The [Party Name] agrees not to transfer, lease, sublease, or assign any real estate leases related to the business under this Agreement without the prior written consent of [Secured Party Name]. Unauthorized transfers will be a breach of this Agreement.
Transfer of financial guarantees
This clause restricts the transfer of financial guarantees.
The [Party Name] agrees not to transfer or assign any financial guarantees, including performance bonds, credit guarantees, or any other type of financial security, without the express written approval of [Secured Party Name].
Transfer of management rights
This clause restricts the transfer of management rights.
The [Party Name] agrees not to transfer, delegate, or assign any management rights, powers, or authority under this Agreement to any third party without obtaining the prior written consent of [Secured Party Name]. Unauthorized transfers of management rights will constitute a breach of this Agreement.
Transfer of product licensing rights
This clause restricts the transfer of product licensing rights.
The [Party Name] agrees not to transfer, sublicense, or assign any product licensing rights or distribution rights under this Agreement to any third party without obtaining the prior written consent of [Secured Party Name].
Transfer of business-related debts
This clause restricts the transfer of business-related debts.
The [Party Name] agrees not to transfer or assign any business-related debts or obligations to any third party without the express written consent of [Secured Party Name]. Unauthorized transfer of debts will result in a breach of this Agreement.
Transfer in the event of a shareholder change
This clause restricts transfer in the event of a shareholder change.
The [Party Name] agrees not to transfer any shares or equity interests in the company, nor to allow any change in shareholder composition, without the prior written approval of [Secured Party Name]. Any transfer without approval will be considered invalid.
Transfer of supplier credit terms
This clause restricts the transfer of supplier credit terms.
The [Party Name] agrees not to transfer, assign, or change any supplier credit terms or arrangements under this Agreement without the prior written consent of [Secured Party Name]. Unauthorized changes will be considered a material breach of this Agreement.
Transfer of rights to marketing channels
This clause restricts the transfer of marketing channels.
The [Party Name] agrees not to transfer, assign, or sublicense any rights to marketing channels, media relationships, or promotional activities associated with this Agreement without the express written consent of [Secured Party Name].
Transfer of exclusive distribution rights
This clause restricts the transfer of exclusive distribution rights.
The [Party Name] agrees not to transfer or assign any exclusive distribution rights granted under this Agreement to any third party without the prior written consent of [Secured Party Name]. Any unauthorized transfer will result in the termination of this Agreement.
Transfer of product ownership
This clause restricts the transfer of product ownership.
The [Party Name] agrees not to transfer or assign any ownership rights to products, goods, or services developed or sold under this Agreement to any third party without the prior written approval of [Secured Party Name].
Transfer in case of change in tax status
This clause restricts transfer in case of a change in tax status.
The [Party Name] agrees not to transfer any rights, obligations, or interests under this Agreement if such transfer would affect its tax status or obligations without the prior written consent of [Secured Party Name].
Transfer of rights in the event of a divestiture
This clause restricts the transfer of rights in the event of a divestiture.
The [Party Name] agrees that any divestiture of assets, subsidiaries, or business units involving rights under this Agreement must be approved in writing by [Secured Party Name]. Unauthorized divestiture of rights will result in a breach of this Agreement.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.