Common use of Equitable and Injunctive Relief Clause in Contracts

Equitable and Injunctive Relief. The Members acknowledge that (a) the provisions of Section 10.01 hereof are intended to preserve the unique relationship between the Members and (b) the provisions of Section 10.01 are intended to preserve the value and goodwill of the Company’s business; and that, in the event of a breach or a threatened breach by any Member of its obligations under Section 10.01, the others will not have an adequate remedy at law. Accordingly, in the event of any such breach or threatened breach by a Member, any of the other Members shall be entitled to such equitable and injunctive relief as may be available to restrain such Member and any Person participating in such breach or threatened breach from the violation of the provisions thereof. Nothing in this Agreement shall be construed as prohibiting a Member from pursuing any other remedies available at law or in equity for such breach or threatened breach, including the recovery of damages.