Blue Pencil Doctrine. In the event that any of the restrictive covenants contained in this 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 (Powertel Inc /De/)
Blue Pencil Doctrine. In the event that any of the restrictive covenants contained in Section 1 and/or Section 2 of this 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 Solicitation Agreement (Arkson Neutraceuticals Corp.), Non Disclosure (National Investment Managers Inc.), Non Disclosure (National Investment Managers Inc.)
Blue Pencil Doctrine. In the event that any of the restrictive covenants covenant contained in this Agreement 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 covenant contained in this Agreement 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
Blue Pencil Doctrine. In the event that any of the restrictive covenants contained in this Agreement 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
