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What does it mean its successors and/or assigns?

Successors and Assigns means a corporation or other entity acquiring all or substantially all of the stock, assets and/or business of the Employer whether by operation of law or otherwise.

What does its successors and assigns mean?

Successors and Assigns means, with respect to the Company, a corporation or other entity acquiring all or substantially all the assets and business of the Company, as the case may be, whether by operation of law or otherwise.

What is a successor clause in a contract?

The successor clause, a contractual provision stipulating that the terms. of the collective bargaining agreement will be binding upon any successor. to the employer or union,7 may serve to alleviate some of this post-trans- fer uncertainty. Because the National Labor Relations Board (NLRB)

What are the 4 parties in a contract?

More Definitions of Four Party Agreement Four Party Agreement means that certain Agreement, dated as of the date hereof, among Agent, the Senior Lender, Borrower and the Property Owner.

What does heirs successors and assigns mean?

Heirs are recipients of an inheritance from a deceased owner, whereas assigns are successors in interest to a property. The words heirs and assigns are customarily inserted in deeds and wills, and are considered to be words of limitation, not words of purchase.

what does successors and assigns mean in real estate

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What does binding on heirs successors and assigns mean?

When and Why Heirs and Successors Should be Bound by a Contract. A successors and assigns clause requires both parties and the successor or assignee to honor the contract terms. Whether this is important or even desirable to the parties depends upon the circumstances.

What does binding on heirs mean?

Binding upon boilerplate states that the contract binds the parties, their successors and assigns, or their legal representatives, or their heirs, executors, and administrators.

What does binding on heirs mean?

Binding upon boilerplate states that the contract binds the parties, their successors and assigns, or their legal representatives, or their heirs, executors, and administrators.

What is a four party agreement?

A Quadripartite Agreement is a treaty among four states or four commercial parties, and it may refer to: Quadripartite Agreement (1933), signed in Rome on 7 June 1933, by France Britain, Italy and Germany. Also known as Four-Power Pact it was proposed by Mussolini, a reinvigoration of the Locarno Pact.

What is a successor or assign in a contract?

Successors or Assigns means a corporation or other entity acquiring all or substantially all the assets and business of the Corporation (including the Plan) whether by operation of law or otherwise, including any corporation or other entity effectuating a Change in Control of the Corporation.

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