Business Ventures Clause Samples

Business Ventures. All information not generally known to the public or within the industry or trade in which the Company or its Affiliates operate concerning new product development, negotiations for new business ventures, future business plans, and similar information and the physical embodiments of such information.

Business Ventures. A Member or a Director, or any affiliate thereof, may engage in or possess an interest in other business ventures of any nature or description, independently or with others, similar or dissimilar to the business of the Company, and the Company shall have no rights by virtue of this Agreement in and to such independent ventures or the income or profits derived therefrom, and the pursuit of any such venture, even if competitive with the business of the Company, shall not be deemed wrongful or improper. A Member or a Director, or any affiliate thereof, shall not be obligated to present any particular investment opportunity to the Company even if such opportunity is of a character that, if presented to the Company, could be taken by the Company, and such Member or Director, or any affiliate thereof, shall have the right to take for its own account (individually or as a partner or fiduciary) or to recommend to others any such particular investment opportunity.

Business Ventures. In the event the Company proposes to enter into (a) a joint venture for operations in the United Kingdom, Continental Europe or Japan, or (b) a business transaction with any competitor of SOFTBANK's affiliate ZDNet, in each case it will so notify SOFTBANK and afford SOFTBANK or one of its affiliates the opportunity to itself participate in the venture or transaction on terms and conditions mutually acceptable to both parties.

Business Ventures. (a) The Company intends to develop and market through affiliated entities to be formed real-time electronic news services on a national basis in partnership with entities which will have been awarded licenses from the Federal Communications Commission ("FCC') to broadcast in the interactive video data service ("IVDS") spectrum. The Company agrees to coordinate with Purchaser in the development of these opportunities and to provide Purchaser with a right of first refusal to participate exclusively in partnership or joint venture with the Company in the exploitation of these opportunities. (b) The Company intends to enter into a joint venture arrangement with Purchaser which will utilize the Company's technology for the purpose of offering real-time services to subscribers, such as results of sporting events, league tournaments and standings, archival sports information, scouting reports and similar information. (c) The Company will use its best efforts to assist each of Purchaser's 81 daily newspaper entities in each of their respective metropolitan or rural service areas as the IVDS licenses are awarded through lotteries throughout the nation. (d) The terms and conditions of the ventures specified in subsections 7.6(a) and (b) above will be subject to negotiation and joint agreement by the Company, Purchaser and other parties to such ventures.

Business Ventures. Except as provided in Section 3.7, any Inactive Management Member, Outside Member or, subject to the last sentence of Section 3.8(b), any Investor Member, or an Affiliate of any of the foregoing, may engage in or possess an interest in other business ventures of any nature or description, independently or with others, similar or dissimilar to the business of the Company, and the Company, the Directors and the Members shall have no rights by virtue of this Agreement in and to such independent ventures or the income or profits derived therefrom, and the pursuit of any such venture, even if competitive with the business of the Company, shall not be deemed wrongful or improper.

Business Ventures. The Managing Member may at any time and from time to time engage in and own interests in other business ventures of any and every type and description, independently or with others (including ones in competition with the Company) with no obligation to offer to the Company the right to participate therein.

Business Ventures. The Officers' Co., its associates and/or its Affiliates have developed, are developing and will continue to develop business ventures and opportunities that are not in competition with the Company. All such projects that are not competitive with the Company and/or that predate the execution of this Agreement shall remain with the Officers' Co., its associates and/or its Affiliates and the Company shall have no right, title, interest or claim to any such business venture or opportunity. However, if the Officers' Co. has or subsequently secures the development of a project that is competitive with the Company, then the Company will be given a right of first refusal to develop such property or opportunity on the same or more favorable terms than those available to the Officers' Co. Said right of first refusal shall expire in each instance upon 30 business days after the Officers' Co. gives the Board written notice thereof.

Business Ventures. Subject to Section 2.2 of the Collaboration ----------------- Agreement, any Member may engage independently or with others in other business ventures of every nature and description, and neither the Company nor any Member shall have any rights in and to such independent ventures or the income or profits derived therefrom.

Business Ventures. The Managing Member may at any time and from time to time engage in and own interests in other business ventures of any and every type and description, independently or with others (including ones in competition with the Company) with no obligation to offer to the Company the right to participate therein.