Competing Business Restrictions Clause Samples

The Competing Business Restrictions clause serves to prevent one party from engaging in business activities that directly compete with the other party during the term of the agreement and, in some cases, for a specified period afterward. Typically, this clause outlines the types of businesses or activities considered competitive, the geographic scope of the restriction, and the duration for which the restriction applies. Its core practical function is to protect a party’s business interests by limiting the risk of unfair competition, safeguarding confidential information, and preserving customer relationships.
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Competing Business Restrictions. Establish, own, manage, operate, finance or control, or participate in the establishment, ownership, management, operation, financing or control of, or be a director, officer, employee, salesman, agent or representative of, or be a consultant to, any person that conducts a business competitive with or similar to all or any part of the Business.
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Competing Business Restrictions. Establish, own, manage, operate, finance or control, or participate in the establishment, ownership, management, operation, financing or control of, any Person that conducts a business directly competitive with all or any part of the Division's business. The foregoing notwithstanding, Seller shall be permitted to (i) continue operating its customer care consulting business ( including its information gathering and survey activities) conducted by its TARP division, (ii) provide limited market research services to its customers which are ancillary to other services provided pursuant to telemarketing contracts with its customers so long as such market research services do not exceed ten percent (10%) of the overall services to be provided under such contracts, and (iii) provide up to a maximum of $1,000,000 in each year, exclusive of clauses (i) and (ii), of non-analytical information gathering and survey services without such being a violation of the Covenants, provided that Seller shall not expand or in any way reenter the business previously conducted by the Division. Nothing shall prevent Seller from acquiring other companies engaged in the customer care business similar to that conducted by Seller's TARP division, so long as Seller, following such acquisitions, remains in compliance with the restrictions of this Agreement.
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Competing Business Restrictions. Establish, own, manage, operate, finance or control, or participate in the establishment, ownership, management, operation, financing or control of, or be a director, officer, employee, salesman, agent or representative of, or be a consultant to, any Person that conducts a business competitive with or similar to all or any part of NCO's Business.
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Competing Business Restrictions. During the period beginning on the Closing Date and ending on the first anniversary of the Closing Date (the "Noncompetition Term") of the Closing Date, HIG shall not directly or indirectly establish, own, manage, operate, finance or control, or participate in the establishment, ownership, management, operation, financing or control of, or be a director, officer, employee, salesman, agent or representative of, or be a consultant to, any Person that engages in the collection of commercial accounts receivable
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Competing Business Restrictions. 34 (2) Noninterference......................................................34 11.4 Nonsolicitation.......................................................................34 11.5
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Competing Business Restrictions. Establish, own, manage, operate, finance or control, or participate in the establishment, ownership, management, operation, financing or control of, or be a director, officer, employee, salesman, agent or representative of, or be a consultant to, any Person that conducts a business competitive with or similar to all or any part of Seller's Business. Notwithstanding the foregoing, the provisions of this Section 10.4.3 shall not prevent or restrict the ability of Seller's Parent to (i) make non-controlling investments in a Person that conducts a business that is competitive with or similar to part of Seller's Business, (ii) participate as either a general partner and/or limited partner in venture funds or other funds which make investments in a Person that conducts a business that is competitive with or similar to part of Seller's Business. For the purpose of this Section 10.4.3, the term "non-controlling" means the ownership of less than fifty percent (50%) of the voting securities of an entity or the lack of control over a majority of the board of directors.
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Competing Business Restrictions. Establish, own, manage, operate, finance or control, or participate in the establishment, ownership, management, operation, financing or control of, or be a director, officer, employee, salesman, agent or representative of, or be a consultant to, any person that conducts a business competitive with or similar to all or any part of the Business. Nonsolicitation. During the period beginning on the Closing Date and ending on the fifth (5th) anniversary of the Closing Date, Seller shall not, directly or indirectly, solicit (other than a general public solicitation) any of the employees of the Business who were employed by the Business prior to the Closing Date to become employees or independent contractors of Seller or any of its subsidiaries.
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Competing Business Restrictions. During the period beginning on the Closing Date of this Agreement and ending on the first anniversary (the "Whitney Noncompetition Term") of the Closing Date, establish, own, manage, operate, finance or control, or participate in the establishment, ownership, management, operation, financing or control of, or be a director, officer, employee, salesman, agent or representative of, or be a consultant to, any Person that conducts a business competitive with all or any part of the Business.
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Related to Competing Business Restrictions

  • Competing Business “Competing Business” means any depository, wealth management or trust business company or holding company thereof (including without limitation, any start-up bank or bank in formation) operating anywhere within the Covered Area.

  • Geographic Restrictions The owner of the Website is based in the State of New York in the United States. We provide this Website for use only by persons located in the United States, and it may only be available to people located in the United States. We make no claims that the Website or any of its content is available or appropriate outside of the United States. Access to the Website may not be legal by certain persons or in certain countries.

  • Restricted Territory Executive and Company understand and agree that Company’s business is not geographically restricted and is unrelated to the physical location of Company facilities or the physical location of any Competing Business, due to extensive use of the Internet, telephones, facsimile transmissions and other means of electronic information and product distribution. Executive and Company further understand and agree that Executive will, in part, work toward expanding Company’s markets and geographic business territories and will be compensated for performing this work on behalf of Company. Accordingly, Company has a protectable business interest in, and the parties intend the Restricted Territory to encompass, each and every location from which Executive could engage in a Competing Business in any country, state, province, county or other political subdivision in which Company has clients, employees, suppliers, distributors or other business partners or operations. If, but only if, this Restricted Territory is held to be invalid on the ground that it is unreasonably broad, the Restricted Territory shall include each location from which Executive can conduct business in any of the following locations: each state in the United States in which Company conducts sales or operations, each province within Canada in which Company conducts sales or operations, and each political subdivision of the United Kingdom in which Company conducts sales or operations. If, but only if, this Restricted Territory is held to be invalid on the grounds that it is unreasonably broad, then the Restricted Territory shall be any location within a fifty (50) mile radius of any Company office.

  • Confidential Information and Restricted Activities Employee has entered into the Company’s Employee Proprietary Information Agreement (“EPIA”) and acknowledges his or her obligations thereunder. The EPIA is specifically incorporated into this Agreement.

  • Geographic Area See Articles 70.1-70.5.