What does ISAOA mean in UNCLASSIFIED

SOSAOA means that any future parties that hold the same rights or interests as the original party are legally bound by the agreement. In other words, if one party transfers their rights or interests to another party, then that new party is bound by the terms of the agreement just as if they had signed it themselves.

When used in a contract, SOSAOA can be used to ensure that any future parties who receive the same rights and interests are bound not only by those used when signing but also all other terms included in the contract. This helps create a continuous chain of binding obligations for each successive owner of those rights and interests.

Yes, there are certain restrictions when it comes to using SOSAOA in contracts. For example, if an agreement specifically states that an individual cannot transfer their rights or interests to anyone else, then this provision overrides any notion of successorship with regards to those particular rights or interests.

Generally speaking, both assignees and successors are considered successors with regards to certain rights or interests outlined in an agreement. The main difference between them lies in how they acquire those said rights or interests - while assignees acquire them through contractual arrangements, successors acquire them through non-contractual means such as inheritance or bankruptcy proceedings.

Yes, two parties can agree on different definitions for SOSAOA depending on what type of arrangement they have negotiated between them. However, these differences should be clearly stated within an agreement so both parties fully understand how their respective definitions apply to their arrangement.