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"incorporate (into itself) other companies by assimilation" Explanation: Basically, buy out stock, assets or liabilities until you're the owner of the company. Then you state it legally ("incorporating"). It could be a buyout or a takeover... a merger doesn't fit the concept as much. --- assimilate other companies absorb other companies https://www.proz.com/kudoz/spanish-to-english/law-patents/33...
Przepisy przewidują następujące sposoby łączenia: - przez przejęcie – polega ono na przeniesieniu całego majątku spółki przejmowanej na inną spółkę (zwaną spółką przejmującą) w zamian za udziały lub akcje, które spółka przejmująca wydaje wspólnikom spółki przejmowanej, - przez zawiązanie nowej spółki – ten sposób polega z kolei na związaniu spółki kapitałowej, na którą przechodzi majątek wszystkich łączących się spółek w zamian za udziały lub akcje nowej spółki. https://lexplay.pl/artykul/Prawo-Spolek/na_czym_polega_i_jak...
The general rule with respect to contracts is that they are freely assignable. Like other types of property, agreements and the rights under those agreements can be transferred from one party to another. There are, however, exceptions to this general rule. Legislation can restrict the assignability of certain types of contracts. https://s3.amazonaws.com/documents.lexology.com/7fccc8d2-2fe...
The general rule is that contracts are freely assignable and can be transferred from one party to another. There are, however, exceptions to this general rule. Contracts that are personal in nature, involving personal relations or personal skills, are not assignable. Also, an assignment of a contract cannot result in an increase of the burden on the remaining third party to the contract. Finally, contracts may expressly prohibit assignment of the contract or provide that an assignment can only occur under certain conditions. In the context of most M&A transactions, the relevant exception will be anti-assignment provisions in the contract itself.
I do not see another company, either, but I am trying to fit "assimilation" into the context. The thought occurred to me what would happen if another company took over (assimilated?) the company in question. Would the rights pass over the the acquiring company.
Perhaps the sententence should read: (The rights and obligations under) this agreement may not be assigned or otherwise transferred, in whole or in part...
Nothing in this Agreement shall be construed to grant any transfer of rights or licenses nor shall this Agreement in any way obligate either Party to enter into further agreements. Both the Parties acknowledge that this agreement does not imply any waiver of any right or action under the patent, trademark, copyright, design or other intellectual property laws prevalent from time to time. This Agreement may not be assigned, or by assimilation transferred, in whole or in part, by one of the Parties without the prior express consent in writing of the other. This Agreement and the obligations contained herein shall remain in effect for a period of five 5 years from the Effective Date. https://urpravo.online/konstitutsionnoe-pravo/primer-dokumen...
It ought to be "by assignment." So, we have 1) may not be assigned, 2) transferred by assignment.
assignment przeniesienie praw, cesja, odstąpienie, zrzeczenie się praw https://www.proz.com/personal-glossaries/entry/21190291-assi... ccccc Assignment. This Agreement, including any rights, licenses, or obligations under this Agreement, may not be assigned or transferred by Assignment by Licensee to any other Person or entity without the prior written consent of Coyote, and any attempted assignment or transfer without such consent will be void. https://coyote.com/terms-privacy/
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Answers
54 mins confidence:
w ramach przejęcia
Explanation: Zgaduję, że w przypadku przejęcia firmy, umowa wygasa a nie zostaje przeniesiona
TranslateWithMe Poland Local time: 15:13 Specializes in field Native speaker of: Polish PRO pts in category: 159
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