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Common use of Blue Pencil Doctrine Clause in Contracts

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 (Hickory Tech Corp), Asset Purchase Agreement (DJO Finance LLC), Stock Purchase Agreement (Mentor on Call Inc)

Blue Pencil Doctrine. In the event that any of the restrictive covenants contained in Section 1 and/or Section 2 of this Article Agreement shall be found by a court of competent jurisdiction to be unreasonable by reason of its such restrictive covenants extending for too great a period of time or over too great a geographic area or by reason of its such restrictive covenants being too extensive in any other respect, then such restrictive covenant shall be deemed modified to the minimum extent necessary to make it such restrictive covenant reasonable and enforceable under the circumstances.

Appears in 3 contracts

Samples: Non Competition, Non Disclosure, and Non Solicitation Agreement (Arkson Neutraceuticals Corp.), Non Disclosure and Non Solicitation Agreement (National Investment Managers Inc.), Non Disclosure and Non Solicitation Agreement (National Investment Managers Inc.)

Blue Pencil Doctrine. In the event that any of the restrictive covenants covenant contained in this Article (or similar provisions in the Employment Agreements) 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 2 contracts

Samples: Asset Purchase Agreement (Stonepath Group Inc), Asset Purchase Agreement (Stonepath Group 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

Appears in 1 contract

Samples: Asset Purchase Agreement (Sopheon PLC)

Blue Pencil Doctrine. In the event that any of the restrictive covenants covenant contained in this Article (or similar provisions in the Employment 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 1 contract

Samples: Stock Purchase Agreement (Stonepath Group Inc)