41.9 Corporate re-organisation

Parties may wish to allow a transfer of rights and obligations in the event of a corporate reorganisation of a party, on condition that the assignee undertakes to comply with the provisions of the agreement. A typical clause might read as follows:

‘Subject to the following sentence, neither party may assign, delegate, sub-contract, mortgage, charge or otherwise transfer any or all of its rights and obligations under this Agreement without the prior written agreement of the other party. A party may, however, assign and transfer all its rights and obligations under this agreement to any person to which

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