Common use of Compliance with Antitrust Laws Clause in Contracts

Compliance with Antitrust Laws. The Promoters are committed to fostering open competition in the development of products and services based on the final MSA Specification . The Promoters understand that in certain lines of business they are or may be direct competitors and that it is imperative that they and their representatives act in a manner which does not violate any state, federal or international antitrust laws and regulations. Without limiting the generality of the foregoing, the Promoters acknowledge that this Agreement prohibits any communication or action that violates the antitrust laws. Accordingly, each Promoter will make a good faith effort to counsel its representatives who participate in any activities under this Agreement and/or the MSA Agreement on the importance of limiting the scope of their discussions and communications to the topics that relate to the purposes of this Agreement and/or the MSA Agreement, whether or not such discussions and communications take place during formal meetings, informal gatherings, or otherwise.