Noncircumvention; Noninterference Clause Samples
The Noncircumvention; Noninterference clause is designed to prevent parties from bypassing each other to engage directly with contacts, clients, or business opportunities introduced during their relationship. In practice, this means that if one party introduces a valuable connection or opportunity, the other party cannot exploit that relationship independently or interfere with ongoing business dealings. This clause serves to protect the interests and efforts of the introducing party, ensuring that all parties benefit fairly from shared opportunities and discouraging unethical business practices.
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Noncircumvention; Noninterference. Neither the Company, the MBD/U, nor their affiliates shall (i) notify or solicit any persons who have been identified to the Company as clients of the MBD/U or its affiliates with respect to any future transactions of the Company or (ii) release the name and/or account information for any client of the MBD/U or its affiliates to any other person (other than agents of or persons affiliated with the parties hereto) unless required by court order, an authorized government or self-regulatory agency, or by any other agreement among the parties to do so. The Company shall establish and maintain safeguards against the unauthorized access, destruction, loss, or alteration of any personal information of the clients of the MBD/U or its affiliates. In the event of any improper disclosure of any client information, the party responsible for the disclosure will immediately notify the other party. The provisions of this section shall survive any termination of this Agreement for a period of 5 years.