Interference with Contracts Clause Samples
The Interference with Contracts clause prohibits either party from intentionally disrupting or undermining the contractual relationships that the other party has with third parties. In practice, this means that neither party may induce, encourage, or assist others to breach, terminate, or not fulfill their obligations under existing contracts with the other party. This clause serves to protect the integrity of each party’s business relationships and prevents unfair competitive practices, thereby reducing the risk of financial harm or loss of business opportunities due to interference.
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Interference with Contracts. During the term hereof and for a period of two years following any termination of this Agreement or other of the Transaction Documents, EQIS and any of its Affiliates, or any of their respective officers, directors, employees, agents, or representatives will not:
8.09.1.1 knowingly and intentionally interfere in any way with the contractual relationships existing between or among any of the PHL Parties or their Affiliates (as the case may be), on the one hand, and any officer, director, employee, agent, or other representative of any of the PHL Parties or their Affiliates assigned to assist the Parties or their Affiliates in connection with the negotiation and implementation of the Guaranteed Income Edge and any Transaction Document, or the sales and marketing of the Guaranteed Income Edge (“PHL Guaranteed Income Edge Persons”), on the other;
8.09.1.2 knowingly and intentionally induce, solicit, or encourage PHL Guaranteed Income Edge Persons or Contracted Broker-Dealers to terminate their respective contracts, or otherwise change their relationship, with any of the PHL Parties or their Affiliates; or
8.09.1.3 without the prior written consent of the PHL Parties, employ or otherwise contract with any PHL Guaranteed Income Edge Persons.
Interference with Contracts. During the term hereof and for a period of two years following termination, ICC, any of their Affiliates, or any of their respective officers, directors, employees, agents, or representatives will:
8.07.1.1 knowingly and intentionally interfere in any way with the contractual relationships existing between or among any of the PHL Parties or their Affiliates (as the case may be), on the one hand, and any officer, director, employee, agent, or other representative of any of the PHL Parties or their Affiliates assigned to assist the Parties or their Affiliates in connection with the negotiation and implementation of the GIE and any Transaction Document, or the sales and marketing of the GIE (“PHL GIE Persons”), on the other;
8.07.1.2 knowingly and intentionally induce, solicit, or encourage PHL GIE Persons to terminate their respective contracts, or otherwise change their relationship, with any of the PHL Parties or their Affiliates; or
8.07.1.3 without the prior written consent of the PHL Parties, employ or otherwise contract with any PHL GIE Persons.
Interference with Contracts. During the term hereof and for a period of two years following termination, none of the LCM Parties, any of their Affiliates, or any of their respective officers, directors, employees, agents, or representatives will:
(a) knowingly and intentionally interfere in any way with the contractual relationships existing between or among any of the PHL Parties or their Affiliates (as the case may be), on the one hand, and any officer, director, employee, agent, or other representative of any of the PHL Parties or their Affiliates assigned to assist the Parties or their Affiliates in connection with the negotiation and implementation of the GRIS and any Transaction Document, or the sales and marketing of the GRIS ("PHL GRIS Persons"), on the other;
(b) knowingly and intentionally induce, solicit, or encourage PHL GRIS Persons to terminate their respective contracts, or otherwise change their relationship, with any of the PHL Parties or their Affiliates; or
(c) without the prior written consent of the PHL Parties, employ or otherwise contract with any PHL GRIS Persons. Nothing contained in this Section 10.07.1 shall prohibit a LCM Party from hiring any PHL GRIS Persons whose employment with a PHL Party or Affiliate has terminated and such termination was not induced or solicited by a LCM Party.
Interference with Contracts. During the term hereof and for a period of two years following termination, none of the PHL Parties, their Affiliates, or any of their respective officers, directors, employees, agents, or representatives will:
(a) knowingly and intentionally interfere with the contractual relationships existing between or among any of the LCM Parties or their Affiliates (as the case may be), on the one hand, and any officer, director, employee, agent, or other representative of any of the LCM Parties or their Affiliates assigned to assist the Parties or their Affiliates in connection with the negotiation and implementation of the GRIS and any Transaction Document, or the sales and marketing of the GRIS ("LCM GRIS Persons"), on the other;
(b) knowingly and intentionally induce, solicit, or encourage LCM GRIS Persons to terminate their respective contracts, or otherwise change their relationship, with any of the LCM Parties or their Affiliates; provided, however, in no way shall this Section 9.07.1(b) limit or reduce the obligations of any of the LCM Parties to their respective clients and customers; or
(c) without the prior written consent of the LCM Parties, employ or otherwise contract with any LCM GRIS Persons. Nothing contained in this Section 9.07.1 shall prohibit a PHL Party from hiring any LCM GRIS Persons (i) responding to any advertisement or other general solicitation not targeted to the LCM Parties or their Affiliates or (ii) whose employment with a LCM Party or Affiliate has terminated and such termination was not induced or solicited by a PHL Party.