Common use of Post-Termination Covenant Not to Compete Clause in Contracts

Post-Termination Covenant Not to Compete. Licensee has acquired from the Licensor unique information regarding Licensor's IP which, in the event of a termination of this Agreement, could be used by Licensee to injure the Licensor. As a result, Licensee and its officers, partners, directors, agents or employees who have completed the Licensor's Educator Course(s) or had access to the IA Teachers Manual, including without limitation, the beneficial owners of 5% or more of the ownership interest in a Licensee which is a company, shall not for a period of two years from the date of termination, transfer, or expiration of this Agreement, or for a period of two years after termination or cessation of such person's relationship with Licensee in such capacity, whichever first occurs, without first having obtained the Licensor's consent, engage in, or participate as, an owner, officer, partner, director, agent or employee in any other business which engages in, or licenses or franchises others to engage in a business training or certifying others in the field of feng shui and space clearing which is substantially similar to INTERIOR ALIGNMENT®, unless such right is granted pursuant to a separate agreement with the Licensor.

Post-Termination Covenant Not to Compete. Licensee has acquired from the Licensor unique information regarding Licensor's IP which, in the event of a termination of this Agreement, could be used by Licensee to injure the Licensor. As a result, Licensee and its officers, partners, directors, agents or employees who have completed the Licensor's Educator Course(s) or had access to the IA Teachers SC Practitioners Manual, including without limitation, the beneficial owners of 5% or more of the ownership interest in a Licensee which is a company, shall not for a period of two years from the date of termination, transfer, or expiration of this Agreement, or for a period of two years after termination or cessation of such person's relationship with Licensee in such capacity, whichever first occurs, without first having obtained the Licensor's consent, engage in, or participate as, an owner, officer, partner, director, agent or employee in any other business which engages in, or licenses or franchises others to engage in a business training or certifying others in the field of feng shui and space clearing life or Soul Coaching® which is substantially similar to INTERIOR ALIGNMENTSoul Coaching®, unless such right is granted pursuant to a separate agreement with the Licensor.

Post-Termination Covenant Not to Compete. Licensee has acquired from the Licensor unique information regarding Licensor's IP which, in the event of a termination of this Agreement, could be used by Licensee to injure the Licensor. As a result, Licensee and its officers, partners, directors, agents or employees who have completed the Licensor's Educator Course(s) or had access to the IA Teachers Manual, including without limitation, the beneficial owners of 5% or more of the ownership interest in a Licensee which is a company, shall not for a period of two years from the date of termination, transfer, or expiration of this Agreement, or for a period of two years after termination or cessation of such person's relationship with Licensee in such capacity, whichever first occurs, without first having obtained the Licensor's consent, engage in, or participate as, an owner, officer, partner, director, agent or employee in any other business which engages in, or licenses or franchises others to engage in a business training or certifying others in the field of feng shui and space clearing which is substantially similar to INTERIOR ALIGNMENT®, unless such right is granted pursuant to a separate agreement with the Licensor.

Post-Termination Covenant Not to Compete. Licensee has acquired from the Licensor unique information regarding Licensor's IP which, in the event of a termination of this Agreement, could be used by Licensee to injure the Licensor. As a result, Licensee and its officers, partners, directors, agents or employees who have completed the Licensor's Educator Course(s) or had access to the IA Teachers Soul Coaching® Practitioners Manual, including without limitation, the beneficial owners of 5% or more of the ownership interest in a Licensee which is a company, shall not for a period of two years from the date of termination, transfer, or expiration of this Agreement, or for a period of two years after termination or cessation of such person's relationship with Licensee in such capacity, whichever first occurs, without first having obtained the Licensor's consent, engage in, or participate as, an owner, officer, partner, director, agent or employee in any other business which engages in, or licenses or franchises others to engage in a business training or certifying others in the field of feng shui and space clearing which Life Coaching that is substantially similar to INTERIOR ALIGNMENT®Soul Coaching® and its intellectual property, unless such right is granted pursuant to a separate agreement with the Licensor.