Other Business Opportunities. Except as expressly provided in this Agreement, each Participant shall have the right independently to engage in and receive full benefits from business activities, whether or not competitive with the Operations, without consulting the other. The doctrines of "corporate opportunity" or "business opportunity" shall not be applied to any other activity, venture, or operation of either Participant. Unless otherwise agreed in writing, no Participant shall have any obligation to mill, beneficiate or otherwise treat any Products or any other Participant's share of Products in any facility owned or controlled by such Participant.
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Samples: Joint Venture Agreement (Trend Mining Co), Global Settlement Agreement (Idaho Consolidated Metals Corp), Joint Venture Agreement (Idaho Consolidated Metals Corp)
Other Business Opportunities. Except as expressly provided in this Agreement, each Participant shall have the right independently to engage in and receive full benefits from business activities, activities whether or not competitive with the Operations, Operations without consulting the otherother Participant. The doctrines of "corporate opportunity" or "business opportunity" shall not be applied to any other activity, venture, venture or operation of either ParticipantParticipant and neither Participant shall have any obligation to the other with respect to any opportunity to acquire property at any time. Unless otherwise agreed in writing, no writing neither Participant shall have any obligation to mill, beneficiate or otherwise treat any Products or any other Participant's share of Products in any facility owned or controlled by such Participant.
Appears in 2 contracts
Other Business Opportunities. Except as expressly provided in this Agreement, each Participant shall have the right independently to engage in and to receive full benefits from business activities, whether or not competitive with the Operations, without consulting the other. The doctrines doctrine of "corporate opportunity" or "business opportunity" shall not be applied to any other activity, venture, venture or operation of either ParticipantParticipant and neither Participant shall have any obligation to the other with respect to any opportunity to acquire any property outside the Area of Interest at any time. Unless otherwise agreed in writing, no neither Participant shall have any obligation to mill, beneficiate or otherwise treat any Products or any other Participant's share of Products in any facility owned or controlled by such Participant.
Appears in 2 contracts
Samples: Option/Joint Venture Agreement, Option / Joint Venture Agreement (Richmont Mines Inc)
Other Business Opportunities. Except as expressly provided in this Agreement, each Participant shall have the right independently to engage in and receive full benefits from business activities, whether or not competitive with the Operations, without consulting the other. The doctrines of "corporate opportunity" or "business opportunity" shall not be applied to any other activity, venture, or operation of either Participant. Unless otherwise agreed in writing, no Participant shall have any obligation to mill, beneficiate or otherwise treat any Products or any other Participant's share of Products in any facility owned or controlled by such Participant, other than a facility established to treat the Products of the Venture.
Appears in 2 contracts
Samples: Joint Venture Agreement (Idaho Consolidated Metals Corp), Stillwater West PGM Venture Agreement (Idaho Consolidated Metals Corp)