Common use of PURCHASE OF RELEASE Clause in Contracts

PURCHASE OF RELEASE. The Parties agree that the Recipient: (check one) ☐ - Can Purchase a Release. The Recipient has the option, during the Term or any period thereafter, to purchase and waive all liability under this Agreement for the sum of $[#] as payment to the Owner.

Appears in 5 contracts

Samples: Pennsylvania Non Compete Agreement, California Non Compete Agreement, Missouri Non Compete Agreement

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PURCHASE OF RELEASE. The Parties agree that the Recipient: (check one) ☐ - Can Purchase a Release. The Recipient has the option, during the Term or any period thereafter, to purchase and waive all liability under this Agreement for the sum of $[#] as payment to the Owner. ☐ – Cannot Purchase a Release. The Recipient has no option, during the Term or any period thereafter, to purchase the rights of this Agreement from the Owner for the purposes of waiving any liability or releasing themselves under this Agreement. 8.

Appears in 3 contracts

Samples: Non Compete Agreement, Non Compete Agreement, Non Compete Agreement

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PURCHASE OF RELEASE. The Parties agree that the Recipient: (check one) ☐ - Can Purchase a Release. The Recipient has the option, during the Term or any period thereafter, to purchase and waive all liability under this Agreement for the sum of $[#] as payment to the Owner. ☐ – Cannot Purchase a Release. The Recipient has no option, during the Term or any period thereafter, to purchase the rights of this Agreement from the Owner for the purposes of waiving any liability or releasing themselves under this Agreement.

Appears in 1 contract

Samples: Non Compete Agreement

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