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