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(a) No Assignment. No WSSC contract is transferable or otherwise assignable without the written consent of the Chief Procurement Officer; provided, however, that a contractor may assign monies receivable under a contract after due notice in writing to WSSC.

(b) Recognition of a Successor in Interest – Novation. Subject to a determination by the Chief Procurement Officer that the novation is in WSSC’s best interests, a successor in interest may be recognized in a novation agreement in which the transferor and the transferee agree that:

(1) The transferee assumes all of the transferor’s obligations;

(2) The transferor waives all rights under the contract against WSSC; and

(3) The transferee shall, if required by WSSC, furnish a satisfactory performance bond.

(c) Change of Name. When a contractor requests to change the name in which it holds a contract with WSSC, the Chief Procurement Officer may, upon receipt of a legally sufficient document indicating such change of name (for example, an amendment to the articles of incorporation of the corporation), enter into an agreement with the requesting contractor to effect such a change of name. No other terms and conditions of the contract are thereby changed. (Procurement regulations § 4-108, dated August 1, 2012)