Change clause in a Licensing Agreement - Online Editor

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How to change clause in the Licensing Agreement

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in a previous show we discuss several pitfalls with signing assisted living or nursing home contracts this week we address a huge issue that will affect families with grievances against nursing homes the mandatory arbitration clause the laws have changed recently and my law partner Mike Solomon is here to change to discuss the changes so first whats the arbitration clause in such a contract and how is it a problem for the family well an arbitration clause in a contract what happens if you have if you have an accident youre disputing whats happened in the long-term care facility if you have an arbitration clause you have to go before an arbitrator if you dont have that you get to go before a judge and the jury and judges and juries tend to be a little bit more friendly to you know people have been injured and arbitrators tend to be more friendly to the long term care facility okay so however the clause has been treated in the past well in the past whats happened before that made th

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What constitutes a change of control?

Change of Control means the Company is a party to a transaction in which it is sold to, merged, consolidated, reorganized into or with, or its assets are transferred or sold to another entity, after which the holders of voting securities of the Company immediately prior to such transaction, including voting

What are termination rights for change of control?

If a Party undergoes a Change of Control, unless such event has been consented to in writing by the other Party under Section 12.2, the other Party may terminate this Agreement immediately upon written notice.

What is an example of a change of control clause?

Change of Control Clause: Example The Customer shall have the right, without prejudice to its other rights or remedies, to terminate this Agreement by 3 months written notice to the Supplier, if there is a Change of Control of the Supplier.

What is the change of ownership clause in a contract?

A provision in an agreement giving a party certain rights (such as consent, payment or termination) in connection with a change in ownership or management of the other party to the agreement.

What is the change of control clause in an employment agreement?

In employment contracts, a change of control clause entitles the employee to a specified payment or enhanced notice period if their employer is taken over and the takeover results in dismissal by their employer or a material reduction in the employees responsibilities leading to constructive dismissal within a

What is the change of control clause in a license agreement?

A change of control provision gives a party certain rights under a contract, such as the right to receive payment, require consent, or terminate the contract, in the event of a specified trigger. Triggers can relate to a change in ownership or control of a counterparty, changes in policies or key personnel, etc.

What is the change of control clause in an employment contract?

In employment contracts, a change of control clause usually entitles the employee to a specified payment or enhanced notice period if their employer is taken over and the takeover results in dismissal by their employer or a material reduction in the employees responsibilities leading to constructive dismissal within a

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Change clause in the Licensing Agreement