Common use of Representations and Acknowledgements Clause in Contracts

Representations and Acknowledgements. I represent and acknowledge that: (i) among the Companies’ most valuable and indispensable assets are its Confidential and Proprietary Information and its close relationships with its customers, suppliers and employees, which the Companies have devoted and continue to devote a substantial amount of time, money and other resources to develop; (ii) I am in a position of trust and confidence, and by working at the Companies, I will be exposed to and acquire the Companies’ Confidential and Proprietary Information and develop, at the Companies’ expense, special and close relationships with the Companies’ customers and suppliers; (iii) the Confidential and Proprietary Information and close customer, supplier and employee relationships must be protected; (iv) Sections 3-6 are material provision of this Agreement and the Companies would not employ me hereunder but for the agreements, promises and acknowledgements that I make in these Sections 3-6; and (v) to the extent required by law, the covenants in this Agreement contain reasonable limitations as to time, geographical area and scope of activities to be restricted and that such covenants do not impose a greater restraint on me than is necessary to protect the Companies’ Confidential and Proprietary Information, close customer and employee relationships and other legitimate business interests.

Appears in 2 contracts

Samples: Confidentiality and Noncompetition Agreement (DJSP Enterprises, Inc.), Confidentiality and Noncompetition Agreement (DJSP Enterprises, Inc.)

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Representations and Acknowledgements. I represent and acknowledge that: (i) among the Companies’ most valuable and indispensable assets are its Confidential and Proprietary Information and its close relationships with its customers, suppliers and employees, which the Companies have devoted and continue to devote a substantial amount of time, money and other resources to develop; (ii) I am in a position of trust and confidence, and by working at the Companies, I will be exposed to and acquire the Companies’ Confidential and Proprietary Information and develop, at the Companies’ expense, special and close relationships with the Companies’ customers and suppliers; (iii) the Confidential and Proprietary Information and close customer, supplier and employee relationships must be protected; (iv) Sections 3-6 are material provision of this Agreement and the Companies would not employ me hereunder but for the agreements, promises and acknowledgements that I make in these Sections Section 3-6; and (v) to the extent required by law, the covenants in this Agreement contain reasonable limitations as to time, geographical area and scope of activities to be restricted and that such covenants do not impose a greater restraint on me than is necessary to protect the Companies’ Confidential and Proprietary Information, close customer and employee relationships and other legitimate business interests. I acknowledge that this Agreement is being entered into by me in connection with that certain Contribution and Membership Interest Purchase Agreement between Chardan, DAL and me, in connection with which I have sold a portion of my interest in Processing and its Affiliates to DAL.

Appears in 1 contract

Samples: Confidentiality and Noncompetition Agreement (DJSP Enterprises, Inc.)

Representations and Acknowledgements. I represent Employee acknowledges and acknowledge agrees that: (i) among the Companies’ Company Group’s most valuable and indispensable assets are its Confidential and Proprietary Information (defined below) and its close relationships with its customers, suppliers and employees, which the Companies have Company Group has devoted and continue continues to devote a substantial amount of time, money and other resources to develop; (ii) I am in a position of trust and confidenceconnection with performing the Services, and by working at the Companies, I Employee will be exposed to and acquire the Companies’ Company Group’s Confidential and Proprietary Information and develop, at the Companies’ Company Group’s expense, special and close relationships with the Companies’ Company Group’s customers and suppliers; (iii) the Company Group’s Confidential and Proprietary Information and close customer, supplier and employee relationships must be protected; (iv) Sections 3-6 are this Section 9 is a material provision of this Agreement and the Companies Company and Holdings would not employ me engage Employee hereunder but for the agreements, promises and acknowledgements that I make Employee makes in these Sections 3-6this Section 9; and (v) to the extent required by law, the covenants in this Agreement contain reasonable limitations as to time, geographical area and scope of activities to be restricted and that such covenants do not impose a greater restraint on me Employee than is necessary to protect the Companies’ Company Group’s Confidential and Proprietary Information, close customer customer, supplier and employee relationships and other legitimate business interests.

Appears in 1 contract

Samples: Employment Agreement (Cyalume Technologies Holdings, Inc.)

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Representations and Acknowledgements. I represent Contractor acknowledges and acknowledge agrees that: (i) among the Companies’ Company Group’s most valuable and indispensable assets are its Confidential and Proprietary Information (defined below) and its close relationships with its customers, suppliers and employees, which the Companies have Company Group has devoted and continue continues to devote a substantial amount of time, money and other resources to develop; (ii) I am in a position of trust connection with performing the Services, Contractor and confidence, and by working at the Companies, I Nedivi will be exposed to and acquire the Companies’ Company Group’s Confidential and Proprietary Information and develop, at the Companies’ Company Group’s expense, special and close relationships with the Companies’ Company Group’s customers and suppliers; (iii) the Company Group’s Confidential and Proprietary Information and close customer, supplier and employee relationships must be protected; (iv) Sections 3-6 are this Section 11 is a material provision of this Agreement and the Companies Company and Holdings would not employ me engage Contractor hereunder but for the agreements, promises and acknowledgements that I make Contractor makes in these Sections 3-6this Section 11 and which Nedivi makes in the Inducement Agreement; and (v) to the extent required by law, the covenants in this Agreement and the Inducement Agreement contain reasonable limitations as to time, geographical area and scope of activities to be restricted and that such covenants do not impose a greater restraint on me Contractor or Nedivi than is necessary to protect the Companies’ Company Group’s Confidential and Proprietary Information, close customer customer, supplier and employee relationships and other legitimate business interests.

Appears in 1 contract

Samples: Services Agreement (Cyalume Technologies Holdings, Inc.)

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