Common use of Non-Solicitation of Personnel Clause in Contracts

Non-Solicitation of Personnel. Each Party undertakes not to employ or cause to be employed, directly or through an intermediary, any employee of the other Party, without the latter's express and prior Contract. This waiver is valid for the entire duration of the Contract and for twelve (12) months following its termination. In the event of failure by one of the Parties to comply with the non-solicitation obligation, the defaulting Party shall be required by operation of law to pay a lump sum penalty equal to six (6) times the amount of the employee's gross monthly remuneration on the date of his or her departure.