Common use of Reasonableness of Terms Clause in Contracts

Reasonableness of Terms. Buyer, Seller and the Key Stockholders stipulate and agree that the covenants and other terms contained in this Section 7.2 are reasonable in all respects, including time period, geographical area and scope of restricted activities, that Buyer would not have purchased the Purchased Assets had Seller and the Key Stockholders not agreed to these covenants, and that the restrictions contained herein are designed to protect the business of Buyer and ensure that neither Seller nor the Key Stockholders engage in unfair competition against Buyer.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Reviv3 Procare Co), Asset Purchase Agreement (Reviv3 Procare Co), Asset Purchase Agreement (Peerless Systems Corp)

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Reasonableness of Terms. Buyer, Seller Buyer and the Key Stockholders Sellers stipulate and agree that the covenants and other terms contained in this Section 7.2 8.7 are reasonable in all respects, including time period, geographical area and scope of restricted activities, that Buyer would not have purchased the Purchased Assets Shares had Seller and the Key Stockholders Sellers not agreed to these covenants, and that the restrictions contained herein are designed to protect the business businesses of Buyer and the Company and ensure that neither Seller nor the Key Stockholders Confidential Information of the Company is protected and that Sellers do not engage in unfair competition or solicitation against Buyerthe Company.

Appears in 2 contracts

Samples: Share Purchase Agreement, Share Purchase Agreement (Hickok Inc)

Reasonableness of Terms. Buyer, Seller Buyer and the Key Stockholders Sellers stipulate and agree that the covenants and other terms contained in this Section 7.2 8.7 are reasonable in all respects, including time period, geographical area and scope of restricted activities, that Buyer would not have purchased the Membership Interests or the Purchased Assets had Seller and the Key Stockholders Sellers not agreed to these covenants, and that the restrictions contained herein are designed to protect the business businesses of Buyer and the Company and ensure that neither Seller nor the Key Stockholders Confidential Information of the Company is protected and that Sellers do not engage in unfair competition or solicitation against Buyerthe Company.

Appears in 1 contract

Samples: Membership Interest and Asset Purchase Agreement (CRAWFORD UNITED Corp)

Reasonableness of Terms. Buyer, Purchasers and each Seller and the Key Stockholders stipulate and agree that the covenants and other terms contained in this Section 7.2 8.6 are reasonable in all respects, including time period, geographical area and scope of restricted activities, that Buyer Purchasers would not have purchased the Purchased Assets Shares had Seller and the Key Stockholders Sellers not agreed to these covenants, and that the restrictions contained herein are designed to protect the business businesses of Buyer the Acquired Companies and ensure that neither Seller nor the Key Stockholders engage no Sellers engages in unfair competition against Buyerthe Acquired Companies.

Appears in 1 contract

Samples: Stock Purchase Agreement (Manchester Inc)

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Reasonableness of Terms. Buyer, Buyer and Seller and the Key Stockholders hereby stipulate and agree that the covenants and other terms contained in this Section 7.2 8.6 are reasonable in all respects, including time period, geographical area and scope of restricted activities, that Buyer would not have purchased the Purchased Assets had Seller and the Key Stockholders not agreed to these covenants, and that the restrictions contained herein are designed to protect the business businesses of Buyer and ensure that neither the confidential information of Seller nor the Key Stockholders is protected and that Seller does not engage in unfair competition or solicitation against Buyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (Hickok Inc)

Reasonableness of Terms. Buyer, Buyer and each Seller and the Key Stockholders stipulate and agree that the covenants and other terms contained in this Section 7.2 7 are reasonable in all respects, including time period, geographical area and scope of restricted activities, that Buyer would not have purchased the Purchased Assets Acquired Interests had Seller and the Key Stockholders Sellers not agreed to these covenants, and that the restrictions contained herein are designed to protect the business businesses of Buyer and the Company and ensure that the Confidential Information is protected and that neither Seller nor the Key Stockholders engage engages in unfair competition or solicitation against Buyerthe Company.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (CRAWFORD UNITED Corp)

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