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The Company will have the right at all times to assign any of its rights or obligations …

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This may also have relevance if you need to copy something like a large array inside a tight loop.

An exception to the usual assignment by value behaviour within PHP occurs with This page really ought to have table of assignment operators,namely, See the Arithmetic Operators page ( Same as:$a = $b $a = $a $b Addition$a -= $b $a = $a - $b Subtraction$a *= $b $a = $a * $b Multiplication$a /= $b $a = $a / $b Division$a %= $b $a = $a % $b Modulus See the String Operators page( .= $b $a = $a .

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$b Concatenate See the Bitwise Operators page ( &= $b $a = $a & $b Bitwise And$a |= $b $a = $a | $b Bitwise Or$a ^= $b $a = $a ^ $b Bitwise Xor$a Using $text .= "additional text"; instead of $text = $text ."additional text"; can seriously enhance performance due to memory allocation efficiency.

I reduced execution time from 5 sec to .5 sec (10 times) by simply switching to the first pattern for a loop with 900 iterations over a string $text that reaches 800K by the end.

And this shows that that exception is not valid, PHP assignment for objects still makes a copy of variable and does not creates a real reference, albeit changing an object variable members will cause both copies to change.

So, I would say assignment operator makes a copy of 'Object reference' not a real object reference.

An assignment may be made to anyone, but it is typically to a subsidiary or a successor.

A successor might be a business (Company B) that buys a business (Company A).

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