The Common Paper blog

Assignment

Permit assignment to any affiliate

Modify the second sentence of Section 11 to say: “Neither party may assign this MNDA without the prior written consent of the other party, except that either party may assign this MNDA to an affiliate controlled by or under common control with the assigning party, or in connection with a merger, reorganization, acquisition, or other transfer of all or substantially all its assets or voting securities.”

Prohibit all assignments

Replace the second sentence of Section 11 with: “Neither party may assign this MNDA without the prior written consent of the other party.”