Common use of Certain Acknowledgements and Agreements Clause in Contracts

Certain Acknowledgements and Agreements. (i) You recognize and acknowledge the competitive and proprietary nature of the business of the Company. (ii) You acknowledge and agree that a business will be deemed competitive with the Company if it engages in a line of business in which it performs any of the services, researches, develops or manufactures or sells any products provided or offered by the Company or under development by the Company, or any similar products or products fulfilling the same function, whether or not similar, in the Company’s Field of Interest (such businesses to be referred to as “Competitive Businesses”). The phrase, “Field of Interest,” currently means the use of monoclonal antibody products for the diagnosis and therapy of types of cancer related to the Xxxxxxxxxxx antigens. In the event the Company adopts a new definition of Field of Interest, such new definition shall be binding upon you ten (10) days after written notice to you of such change unless you notify the Company in writing that you do not agree to such change.

Certain Acknowledgements and Agreements. (i) You recognize and acknowledge the competitive and proprietary nature of the business of the Company. (ii) You acknowledge and agree that a business will be deemed competitive with the Company if it engages in a line of business in which it performs any of the services, researches, develops or manufactures or sells any products provided or offered by the Company or under development by the Company, or any similar products or products fulfilling the same function, whether or not similar, in the Company’s Field of Interest (such businesses to be referred to as “Competitive Businesses”). The phrase, “Field of Interest,” currently means the use of monoclonal antibody products for the diagnosis and therapy of types of cancer related to the Xxxxxxxxxxx antigensvaccines. In the event the Company adopts a new definition of Field of Interest, such new definition shall be binding upon you ten (10) days after written notice to you of such change unless you notify the Company in writing that you do not agree to such change.