Competitive interests Sample Clauses
The 'Competitive interests' clause is designed to address and manage situations where parties to an agreement may have business activities that compete with each other. Typically, this clause outlines restrictions or disclosures required if one party engages in, invests in, or has relationships with competitors of the other party. For example, it may prohibit a party from working with direct competitors during the term of the agreement or require notification if such relationships exist. The core function of this clause is to protect each party’s business interests by minimizing conflicts of interest and reducing the risk of sensitive information being used to benefit a competitor.
Competitive interests. None of the Vendors nor any director or supervisor of the Company nor any of its Connected Persons intends to acquire, either individually or collectively, or with any other person or persons, has any estate, right or interest, directly or indirectly, in any business other than that now carried on by the Group which is or is likely to be or become competitive with the business of any member of the Group.
Competitive interests. 6.3.1 No Vendor, Affiliate of any Vendor, Director, former director of the Company nor any Connected Person, either individually, collectively or with any other person or persons, has any estate, right or interest, directly or indirectly, in any business other than that now carried on by the Company which is or is likely to be or become competitive with any aspect of the Business of the Company save as registered holder or other owner of any class of securities of any company if such class of securities is listed on any recognised investment exchange (as defined in the Financial Services Act 1986) and if such person (together with Connected Persons and Affiliates) holds or is otherwise interested in less than 5 % of such class of securities.
6.3.2 The Vendors either individually, collectively or with any other person or persons are not interested in any way whatsoever in any Intellectual Property used and not wholly owned by the Company.
Competitive interests. To the best knowledge of CHC, none of its stockholders and no affiliate of any stockholder has any direct or indirect interest of any kind in any business which is competitive with or engages in any actual or potential business transactions with CHC.
Competitive interests. Existing Shareholders or their respective related parties do not hold any direct or indirect interests in any field that is or may be competitive with the businesses of the Company.
Competitive interests. Except as disclosed on Schedule 3.18, to the best knowledge of the Sellers and the Velt▇▇ ▇▇▇up, none of the officers, directors, shareholders or key employees of any Velt▇▇ ▇▇▇up Member (including purchasing agents and departmental managers) owns any interest or has any investment or profit participation in any corporation or other entity which is a competitor of or which otherwise transacts business with any Velt▇▇ ▇▇▇up Member, except for marketable stock in publicly-trade companies and severance and retirement benefits.
Competitive interests. None of the Seller, nor any Affiliate of the Seller, either individually or with any other person or persons, has any estate, right or interest, directly or indirectly, in any business other than that now carried on by the Company which is or is likely to be or become competitive with any aspect of the business of the Company save as registered holder or other owner of any class of securities of any company if such class of securities is listed on any recognised investment exchange and if such person (together with Related Parties and Affiliates) holds or is otherwise interested in less than three per cent of such class of securities.
Competitive interests. Equifax and Fair, ▇▇▇▇▇ acknowledge that they may offer competing products or services in the future. Equifax and Fair, ▇▇▇▇▇ agree that each party shall remain free to pursue, unless otherwise restricted, its own interest in such cases but shall make a good faith effort to avoid any negative product comparisons or other statements or actions that would tend to hold the other party in disrepute in order not to disrupt or jeopardize the continuation of a mutually supporting working relationship between both parties.
Competitive interests. Other than as disclosed on Schedule 5.14 annexed hereto, to (a) Sellers' Knowledge after reasonable investigation, none of the officers or directors of Sellers or OII and (b) Sellers' Knowledge, none of the employees of Sellers or OII, are (i) directors, officers, partners,
Competitive interests. Neither the Managing Member nor any Related Person shall invest in any property meeting the Property Investment Criteria of the Operating Company without the consent of the Independent Directors Committee.
Competitive interests. 6.3.1 No Warrantors, Affiliate of any Warrantors, Director, former director of the Company nor any Connected Person, either individually, collectively or with any other person or persons, has any estate, right or interest, directly or indirectly, in any business other than that now carried on by the Company which is or is likely to be or become competitive with any aspect of the Business of the Company save as registered holder or other owner of any class of securities of any company if such class of securities is listed on any recognised investment exchange (as defined in the Financial Services and Markets Act 2000) and if such person (together with Connected Persons and Affiliates) holds or is otherwise interested in less than five % of such class of securities.
6.3.2 None of the Warrantors either individually, collectively or with any other person or persons is interested in any way whatsoever in any Intellectual Property used and not wholly owned by the Company.