Common use of Confidentiality; Non-Circumvention; Non-Competition; Non-Solicitation Clause in Contracts

Confidentiality; Non-Circumvention; Non-Competition; Non-Solicitation. The Company and Advisor acknowledge and agree that non-public informat ion oncerning each party's plans, strategies, and overall business op erations, and the identity and sources of each party's Business Opportunities, is highly confidential and propri etary to each party ("Confidential Information"). The parties acknowledge that such Confidential Information represents a leitimate, valuable, and protectable interest of each party and giv es each party a competitive advantage, which would otherwise be lost if the Confidential Information was improperly disclosed. The parties further acknowledges that unauthorized or impr oper disclosure or use of Confidential Information would cause each pa rty irreparable harm and injury. The parties therefore agree that, fo r a period of two (2) years following the later of the date hereof or the termination of this Agreement, neither party will disclose or thre atento disclose the Confidential Information, except as required by la w, to any person, partnership, company, corporation or to any other bu siness or governmental organization or agency, as the case may be, wit hout the express written consent of the other party. The parties furt her agree not to use or threaten to use the Confidential Information i n an way contrary to the interests of Advisor. The parties further xx xxxx that all ownership rights to the Confidential Information are ret ained by each respective party, and that no right of ownership shall p ass to the other party by virtue of this Agreement. Advisor hereby agrees for itself, and shall obtain the agreement of ea ch Avisor's Personnel prior to permitting such person to provide Serv ices to the Company hereunder, that it (or such person) shall not, directly or indirectly, during the Term of thi s Agreement and for a period of one (1) year thereafter, engage in, or provide services to or act as an owner, manager, advisor, director, pa rtner, joint venturer or in any other capacity to any person which eng ages in or proposes to engage in, the business of owning, operating or managing themed restaurants which do or would be reasonably expected t o copete with the Company. In addition, neither Advisor nor any of su ch other persons shall, directly or indirectly, use any Confidential I nformation for any such purpose, nor solicit any employee, vendor, cus tomer or other business relationship away from the Company for any purpose at any time.

Appears in 2 contracts

Samples: Advisory Agreement (Hart Industries Inc), Advisory Agreement (Hart Industries Inc)

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Confidentiality; Non-Circumvention; Non-Competition; Non-Solicitation. The Company and Advisor acknowledge and agree that non-public informat ion oncerning information concerning each party's plans, strategies, and overall business op erationsoperations, and the identity and sources of each party's Business Opportunities, is highly confidential and propri etary proprietary to each party ("Confidential Information"). The parties acknowledge that such Confidential Information represents a leitimate, valuable, and protectable interest of each party and giv es gives each party a competitive advantage, which would otherwise be lost if the Confidential Information was improperly disclosed. The parties further acknowledges that unauthorized or impr oper improper disclosure or use of Confidential Information would cause each pa rty party irreparable harm and injury. The parties therefore agree that, fo r for a period of two (2) years following the later of the date hereof or the termination of this Agreement, neither party will disclose or thre atento threaten to disclose the Confidential Information, except as required by la wlaw, to any person, partnership, company, corporation or to any other bu siness business or governmental govern- mental organization or agency, as the case may be, wit hout without the express written consent of the other party. The parties furt her further agree not to use or threaten to use the Confidential Information i n in an way contrary to the interests of Advisor. The parties further xx xxxx agrees that all ownership rights to the Confidential Information are ret ained retained by each respective party, and that no right of ownership shall p ass pass to the other party by virtue of this Agreement. Advisor hereby agrees for itself, and shall obtain the agreement of ea ch each Avisor's Personnel prior to permitting such person to provide Serv ices Services to the Company hereunder, that it (or such person) shall not, directly or indirectly, during the Term of thi s this Agreement and for a period of one (1) year thereafter, engage in, or provide services to or act as an owner, manager, advisor, director, pa rtnerpartner, joint venturer or in any other capacity to any person which eng ages engages in or proposes to engage in, the business of owning, operating or managing themed restaurants which do or would be reasonably expected t o copete to compete with the Company. In addition, neither Advisor nor any of su ch such other persons shall, directly or indirectly, use any Confidential I nformation Information for any such purpose, nor solicit any employee, vendor, cus tomer customer or other business relationship away from the Company for any purpose at any time.

Appears in 1 contract

Samples: Asset Purchase Agreement (Hart Industries Inc)

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Confidentiality; Non-Circumvention; Non-Competition; Non-Solicitation. The Company and Advisor acknowledge and agree that non-public informat ion oncerning information concerning each party's plans, strategies, and overall business op erationsoperations, and the identity and sources of each party's Business Opportunities, is highly confidential and propri etary proprietary to each party ("Confidential Information"). The parties acknowledge that such Confidential Information represents a leitimatelegitimate, valuable, and protectable interest of each party and giv es gives each party a competitive advantage, which would otherwise be lost if the Confidential Information was improperly disclosed. The parties further acknowledges that unauthorized or impr oper improper disclosure or use of Confidential Information would cause each pa rty party irreparable harm and injury. The parties therefore agree that, fo r for a period of two (2) years following the later of the date hereof or the termination of this Agreement, neither party will disclose or thre atento threaten to disclose the Confidential Information, except as required by la wlaw, to any person, partnership, company, corporation or to any other bu siness business or governmental organization or agency, as the case may be, wit hout without the express written consent of the other party. The parties furt her further agree not to use or threaten to use the Confidential Information i n in an way contrary to the interests of Advisor. The parties further xx xxxx agrees that all ownership rights to the Confidential Information are ret ained retained by each respective party, and that no right of ownership shall p ass pass to the other party by virtue of this Agreement. Advisor hereby agrees for itself, and shall obtain the agreement of ea ch Avisoreach Advisor's Personnel prior to permitting such person to provide Serv ices Services to the Company hereunder, that it (or such person) shall not, directly or indirectly, during the Term of thi s this Agreement and for a period of one (1) year thereafter, engage in, or provide services to or act as an owner, manager, advisor, director, pa rtnerpartner, joint venturer or in any other capacity to any person which eng ages engages in or proposes to engage in, the business of owning, operating or managing themed restaurants which do or would be reasonably expected t o to copete with the Company. In addition, neither Advisor nor any of su ch such other persons shall, directly or indirectly, use any Confidential I nformation Information for any such purpose, nor solicit any employee, vendor, cus tomer customer or other business relationship away from the Company for any purpose at any time.

Appears in 1 contract

Samples: Asset Purchase Agreement (Hart Industries Inc)

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