A “Successors and Assigns” Example of Turning Pointless into Wrong
I fished this from the depths of EDGAR: The highlighted part is a “successors and assigns” provision. Usually they’re pointless; in this 2013 article, I consider seven possible functions of the “successors and assigns” provision and find them all wanting. Here’s what I conclude: [I]t’s a useless provision that survives because drafters are unsure what function it serves and so … Read More