Common use of Dependence on Management and Limited Staff Clause in Contracts

Dependence on Management and Limited Staff. The Company’s ability to achieve its objectives is largely dependent upon the services of Nxxxxx Xxxxxxx (the “Founder”). The loss of services of the Founder could have a material adverse impact on the Company. The death or disability of the Founder or the occurrence of any other uninsured event would likely have a material adverse impact on the Company. The Company’s future success also depends on its continuing ability to attract and retain highly qualified technical, sales and marketing, customer support, financial and accounting and managerial personnel. Competition for such personnel is intense, and there can be no assurance that the Company will be able to attract, assimilate or retain highly qualified personnel in the future.

Appears in 2 contracts

Samples: Investment Agreement (VerifyMe, Inc.), Subscription Agreement (VerifyMe, Inc.)

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Dependence on Management and Limited Staff. The Company’s ability to achieve its objectives is largely dependent upon the services of Nxxxxx Xxxxxx Xxxxxxx (the “Founder”). The loss of services of the Founder could have a material adverse impact on the Company. The death or disability of the Founder or the occurrence of any other uninsured event would likely have a material adverse impact on the Company. The Company’s future success also depends on its continuing ability to attract and retain highly qualified technical, sales and marketing, customer support, financial and accounting and managerial personnel. Competition for such personnel is intense, and there can be no assurance that the Company will be able to attract, assimilate or retain highly qualified personnel in the future.

Appears in 2 contracts

Samples: Investment Agreement (Laserlock Technologies Inc), Subscription Agreement (Laserlock Technologies Inc)

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