Blue Pencil Doctrine. In the event that any of the restrictive covenants contained in this Article shall be found by a court of competent jurisdiction to be unreasonable by reason of its extending for too great a period of time or over too great a geographic area or by reason of its being too extensive in any other respect, then such restrictive covenant shall be deemed modified to the minimum extent necessary to make it reasonable and enforceable under the circumstances.
Appears in 12 contracts
Samples: Stock Purchase Agreement (Mentor on Call Inc), Asset Purchase Agreement (DJO Finance LLC), Stock Purchase Agreement (Hickory Tech Corp)
Blue Pencil Doctrine. In the event that any of the restrictive covenants contained in this Article Agreement shall be found by a court of competent jurisdiction to be unreasonable by reason of its extending for too great a period of time or over too great a geographic area or by reason of its being too extensive in any other respect, then such restrictive covenant shall be deemed modified to the minimum extent necessary to make it reasonable and enforceable under the circumstances.
Appears in 5 contracts
Samples: Asset Purchase Agreement (Intercel Inc/De), Noncompetition Agreement (Apa Optics Inc /Mn/), Asset Purchase Agreement (Bab Holdings Inc)
Blue Pencil Doctrine. In the event that any of the restrictive covenants contained in this Article shall be found by a court of competent jurisdiction to be unreasonable by reason of its extending for too great a period of time or over too great a geographic area or by reason of its being too extensive in any other respect, then such restrictive covenant shall be deemed modified to the minimum extent necessary to make it reasonable and enforceable under the circumstances.. 11.5
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