Effect of Competition by Dassault Systemes Sample Clauses

Effect of Competition by Dassault Systemes. The Parties hereby agree that in the event that Dassault Systemes develops products that incorporate, use or are based upon the Joint Software and such product offerings directly compete with 3Dsh▇▇▇.▇▇▇, ▇▇en PlanetCAD may elect to terminate PlanetCAD's obligations of the Parties agreed to by PlanetCAD in Sections 3.3.1 (ii), 3.3.1 (iii), 3.3.3 and 5 hereof and the restrictions set forth in Section 4.1 shall automatically terminate. In such a case, and only as to the use of the Joint Software, PlanetCAD shall not be bound by the provisions of the non-competition clause provided for in the Purchase Agreement executed on July 4, 2000.
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Effect of Competition by Dassault Systemes. The Parties hereby agree that in the event that Dassault Systemes develops products that incorporate, use or are based upon the Joint Software and such product offerings directly compete with ▇▇▇▇▇▇▇.▇▇▇, then PlanetCAD may elect to terminate PlanetCAD's obligations of the Parties agreed to by PlanetCAD in SECTIONS 3.3.1 (ii), 3.3.1 (iii), 3.
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Related to Effect of Competition by Dassault Systemes

  • Protection of Proprietary Rights 4.1 Right to Use Licensed Products Licensee acknowledges that no right, title, or interest, other than the right to use the Licensed Products, is transferred or granted by this Agreement. Licensee is prohibited from selling, renting, leasing, making available to third parties, and sublicensing the Licensed Products.

  • Protection of Proprietary Information The Seller has taken all reasonable steps to maintain the confidentiality of and otherwise protect and enforce their rights in all proprietary information pertaining to the Seller or any Seller Product. Without limiting the generality of the foregoing, no portion of the source code for any software ever owned or developed by the Seller has been disclosed or licensed to any escrow agent or other Person.

  • Definition of Proprietary Information The Executive acknowledges that he may be furnished or may otherwise receive or have access to confidential information which relates to the Company’s past, present or future business activities, strategies, services or products, research and development; financial analysis and data; improvements, inventions, processes, techniques, designs or other technical data; profit margins and other financial information; fee arrangements; compilations for marketing or development; confidential personnel and payroll information; or other information regarding administrative, management, or financial activities of the Company, or of a third party which provided proprietary information to the Company on a confidential basis. All such information, including in any electronic form, and including any materials or documents containing such information, shall be considered by the Company and the Executive as proprietary and confidential (the “Proprietary Information”).

  • Confidentiality of Proprietary Information Employee agrees, during or after the term of this employment, not to reveal confidential information, or trade secrets to any person, firm, corporation, or entity. Should Employee reveal or threaten to reveal this information, the Company shall be entitled to an injunction restraining the Employee from disclosing same, or from rendering any services to any entity to whom said information has been or is threatened to be disclosed. The right to secure an injunction is not exclusive, and the Company may pursue any other remedies it has against the Employee for a breach or threatened breach of this condition, including the recovery of damages from the Employee.

  • Benefits of Agreement; No Third-Party Rights The provisions of this Agreement are intended solely to benefit the Member and, to the fullest extent permitted by applicable law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement), and the Member shall have no duty or obligation to any creditor of the Company to make any contributions or payments to the Company.