Representation Regarding Competitors Clause Samples
The Representation Regarding Competitors clause requires one party to affirm that it is not affiliated with, or acting on behalf of, a competitor of the other party. In practice, this clause may obligate a party to disclose any relationships with competitors or confirm that it will not share confidential information with them. Its core function is to protect sensitive business interests by ensuring that proprietary information is not inadvertently or intentionally shared with competitors, thereby reducing the risk of competitive harm.
Representation Regarding Competitors. The Assignment and Assumption shall contain a representation and warranty (A) from the assignor that the assignee is not a Competitor and (B) from the assignee that it is not primarily engaged in the business of owning or operating automobile dealerships.