Appearance
Change of Control
Definition
Any events that constitute a change of control, and the parties rights and obligations under the agreement should a change of control occur. This includes a change of control by way of transfer of shares, a merger or an acquisition. It does not include a change of control resulting from a change in the directors of the board, or from a sale of assets.
Example
This Agreement may not be assigned by a Party without the prior written consent of the other Party; provided, however, that a transfer of over 50% ownership or controlling shares of Company shall be considered an assignment.