Glossary entry (derived from question below)
English term or phrase:
inure/assigns
English answer:
Inure: be used, take effect, Assign: assignee (alternative of), a person to whom a right or liability is legally transferred
Added to glossary by
juvera
Mar 4, 2005 00:29
19 yrs ago
English term
inure/assigns
English
Other
Business/Commerce (general)
[context: terms of sales - supplier sells pieces to fabricator mainly for assembling (and subsequently selling)]
"General.
The Fabricator Agreement shall not be assigned by Fabricator without the prior written consent of Supplier, and any assignment made without such consent shall be null and void.
The Fabricator Agreement shall ***inure to the benefit of*** and be binding upon the parties hereto and their respective successors and ***permitted assigns***."
- what's the meaning of inure in this sentence? (be enforceable?)
- what are assigns? (assignments?)
"General.
The Fabricator Agreement shall not be assigned by Fabricator without the prior written consent of Supplier, and any assignment made without such consent shall be null and void.
The Fabricator Agreement shall ***inure to the benefit of*** and be binding upon the parties hereto and their respective successors and ***permitted assigns***."
- what's the meaning of inure in this sentence? (be enforceable?)
- what are assigns? (assignments?)
Responses
5 +1 | Inure: be used, take effect, assign: assignee, |
juvera
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Responses
+1
13 mins
Selected
Inure: be used, take effect, assign: assignee,
Assign: an alternative word for assignee, a person to whom a right or liability is legally transferred.
4 KudoZ points awarded for this answer.
Comment: "thanks!"
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