Developing Business Interests Sample Clauses

The 'Developing Business Interests' clause outlines the rights and obligations of parties regarding the pursuit and development of new business opportunities during the term of an agreement. Typically, this clause clarifies whether one or both parties are permitted to engage in activities that may overlap with the business covered by the contract, such as launching new products, entering new markets, or forming partnerships with third parties. Its core function is to set boundaries and expectations, thereby preventing conflicts of interest and ensuring that both parties understand the extent to which they can independently develop their business interests while the agreement is in effect.
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Developing Business Interests. The Company also is engaged in expanding its business by developing new business concepts and services (the “Developing Business”). As part of this Developing Business, the Company has developed and continues to develop Confidential Information related thereto, valuable relationships with prospective and existing clients, accounts, suppliers and others, and continues to create goodwill associated with these relationships and business. The Developing Business is a substantial business asset owned by, and proprietary to, the Company.
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Related to Developing Business Interests

  • Doing Business All parties which have had any interest in the Mortgage Loan, whether as mortgagee, assignee, pledgee or otherwise, are (or, during the period in which they held and disposed of such interest, were) (1) in compliance with any and all applicable licensing requirements of the laws of the state wherein the Mortgaged Property is located, and (2) either (i) organized under the laws of such state, or (ii) qualified to do business in such state, or (iii) a federal savings and loan association, a savings bank or a national bank having a principal office in such state, or (3) not doing business in such state;