Simple definition
A transaction or event resulting in a change in ownership or control of a party.
Corporate
What Does Change Of Control Mean?
A transaction or event resulting in a change in ownership or control of a party.
Example in a contract
A change of control may require consent.
What change of control means in a contract
In a contract, this term should be read in the context of the surrounding clause, defined terms, cross-references, and governing law.
Why it may matter
Its practical effect depends on the exact wording and how it connects to the rights and obligations elsewhere in the agreement. Review the exact language rather than relying on the label alone.
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FAQ
Questions about change of control.
What does change of control mean in plain English?+
A transaction or event resulting in a change in ownership or control of a party.
Where might change of control appear in a contract?+
In a contract, this term should be read in the context of the surrounding clause, defined terms, cross-references, and governing law.
Is this definition legal advice?+
No. ClauseInsight provides concise informational explanations. The legal effect of a term depends on the complete document, facts, and applicable law.