Common use of Competing Ventures Clause in Contracts

Competing Ventures. Any of the Members or the Manager may freely engage in or possess an interest in other business ventures of every nature and description, independently or with others, including but not limited to, the ownership of assets of the same type and nature as the assets of the Company, and whether or not competitive with the Company, and neither the Company nor any of the Members shall have any right by virtue of this Agreement in and to such independent ventures or to the income or profits derived therefrom, or a right of action against any such Member or Manager involved in affairs external to the Company.

Competing Ventures. Any of the Members or the Manager may freely engage in or possess an interest in other business ventures of every nature and description, independently or with others, including but not limited to, the ownership of assets of the same type and nature as the assets of the Company, and whether or not competitive with the Company, and neither the Company nor any of the Members shall have any right by virtue of this Agreement in and to such independent ventures or to the income or profits derived therefrom, or a right of action against any such Member or Manager involved in affairs external to the Company.

Competing Ventures. Any of the Members or (including the Manager Manager) may freely engage in or possess an interest in other business ventures of every nature and description, description independently or with others, including including, but not limited to, the ownership of assets of the same type and nature as the assets of the Company, and whether or not competitive with the Companyreal estate projects, and neither the Company nor any of the Members shall have any the right by virtue of this Agreement to participate in and to such independent ventures or to the income or profits profit derived therefrom, or a right of action against any such Member or Manager involved in affairs external to the Company.