Valuable Consideration. Owner is entering into this Agreement in consideration for, and as an inducement to his execution of the Purchase Agreement and the consummation of the transactions contemplated thereby and the commitment of the Parent Company to perform its obligations undertaken therein, which Owner acknowledges is adequate, valid and legal consideration for his execution of this Agreement.
Appears in 2 contracts
Sources: Non Competition, Non Solicitation and Trade Secrecy Agreement (New Frontier Media Inc), Non Competition, Non Solicitation and Trade Secrecy Agreement (New Frontier Media Inc)