Competitive Undertakings Sample Clauses
A Competitive Undertakings clause restricts one or both parties from engaging in activities that would compete with the other party’s business interests, typically during and sometimes after the term of an agreement. This may include prohibiting the solicitation of customers, employees, or the development of similar products or services within a defined geographic area or time period. The core function of this clause is to protect a party’s competitive advantage and confidential information by preventing unfair competition and safeguarding business relationships.
Competitive Undertakings. Except as otherwise provided in Sections 13.4, 13.5 and 13.7 of this Agreement, any Member and the Manager may engage in business ventures of any nature and description independently or with others, including, but not limited to, business of the character described in Article 3 (or any part thereof), and neither the Company nor any of the Members shall have any rights in or to such independent ventures or the income or profits derived therefrom.
Competitive Undertakings. Any Manager or Member may engage in business ventures of any nature and description independently or with others. However, the Members and any Manager agree that until they are no longer a Member or a Manager they will not pursue any opportunities in the business of the character described in Article 3 (or any part thereof). Neither the Company nor any of the Members shall have any rights in or to such independent ventures or the income or profits derived therefrom.
Competitive Undertakings. Except as otherwise provided in Sections 14.3 and 14.5 of this Agreement, any Partner and the General Partner may engage in business ventures of any nature and description independently or with others, including, but not limited to, business of the character described in ARTICLE 4 (or any part thereof), and neither the Partnership nor any of the Partners shall have any rights in or to such independent ventures or the income or profits derived therefrom, nor shall any Partner or General Partner have any fiduciary or other duty to any other Partner with respect to the Partnership or its Properties as a result of such other business ventures.
Competitive Undertakings. Except as otherwise provided in Sections 13.4, 13.5 and 13.7 of this Agreement, any Member and the Manager may engage in business ventures of any nature and description independently or with others, including, but not limited to, business of the character described in Article 3 (or any part thereof), and neither the Company nor any of the Members shall have any rights in or to such independent ventures or the income or profits derived therefrom, nor shall any Member or Manager have any fiduciary or other duty to any other Member with respect to the Company or its Properties as a result of such other business ventures, including, but not limited to, the SAU Joint Venture or the Inland Joint Venture (as defined herein).