Common use of Enforcement of the Covenants Clause in Contracts

Enforcement of the Covenants. Employee acknowledges and agrees that the Covenants contained in Sections 8 through 11 of this Agreement are reasonably necessary to the protection of BuildNet's business, that a violation of any of the Covenants contained in Sections 8 through 11 of this Agreement would result in immediate and irreparable harm to BuildNet and that BuildNet's remedies at law and/or the award of monetary damages would be inadequate relief for such a violation. Therefore, Employee's violation or threatened violation of any of the Covenants contained in Sections 8 through 11 of this Agreement will give BuildNet the right to enforce such Covenants through specific performance, temporary restraining order, preliminary or permanent injunction, and other equitable relief. These remedies will be cumulative and in addition to any other remedies that BuildNet may have. In addition, Employee agrees that the Covenants contained in Sections 8 through 11 will be extended by a length of time equal to the period of time running from the filing of any action to enforce or challenge the validity of the Covenants to the date of a final judgment (after appeals, if any) or settlement of said litigation, or the expiration of all applicable appeal periods after the entry of judgment in said litigation, whichever event last occurs.

Enforcement of the Covenants. Employee acknowledges and agrees that the Covenants contained in Sections 8 7 through 11 10 of this Agreement are reasonably necessary to the protection of BuildNetBuildnet's business, that a violation of any of the Covenants contained in Sections 8 7 through 11 10 of this Agreement would result in immediate and irreparable harm to BuildNet Buildnet and that BuildNetBuildnet's remedies at law and/or the award of monetary damages would be inadequate relief for such a violation. Therefore, Employee's violation or threatened violation of any of the Covenants contained in Sections 8 7 through 11 10 of this Agreement will give BuildNet Buildnet the right to enforce such Covenants through specific performance, temporary restraining order, preliminary or permanent injunction, and other equitable relief. These remedies will be cumulative and in addition to any other remedies that BuildNet Buildnet may have. In addition, Employee agrees that the Covenants contained in Sections 8 7 through 11 10 will be extended by a length of time equal to the period of time running from the filing of any action to enforce or challenge the validity of the Covenants to the date of a final judgment (after appeals, if any) or settlement of said litigation, or the expiration of all applicable appeal periods after the entry of judgment in said litigation, whichever event last occurs.