Common use of Freedom to Compete Clause in Contracts

Freedom to Compete. 8.1 Nothing in this Agreement precludes either party from independently performing research and developing products in fields related to the IYN Product. 8.2 Each party shall have the freedom to work independently with third parties in related technical areas, and neither party shall have any obligation to provide the by-product or results of such development to the other party under this Agreement.

Appears in 1 contract

Sources: Development and Distribution Agreement (Celebrity Entertainment Group Inc)

Freedom to Compete. 8.1 Nothing in this Agreement precludes shall preclude either party from independently performing research and developing products in fields related to development or marketing its products, provided that such party complies with the IYN Product. 8.2 terms of this Agreement. Each party shall have the freedom to work independently with third parties in related technical areas, and neither party shall have any the same field with no obligation to provide the by-product or results of such development to the other party under if not covered by the terms of this Agreement.

Appears in 1 contract

Sources: Development, Supply and License Agreement (Oasis Semiconductor Inc)