REST OF CANADA Sample Clauses

REST OF CANADA. In those areas of Canada outside the geographic markets described in Sections 7.1 (a) and (b) hereof, the following shall apply: (i) In Canadian markets where only one Major Limited Partner has an operating presence, that Major Limited Partner has the right to include or exclude the other Major Limited Partner from the Business carried on in that market. If such Major Limited Partner chooses to include the other Major Limited Partner in the Business and the invited Major Limited Partner elects to participate, the Limited Partnership shall carry on the Business in that market. If one Major Limited Partner is excluded or chooses not to be included, then the other Major Limited Partner may carry on the Business in that market in association with another local party, and that business association shall have the right to use the Limited Partnership's know-how and intellectual property under terms to be agreed to with the Limited Partnership and the Limited Partners. (ii) In Canadian markets where neither of the Major Limited Partners has an operating presence, the two Major Limited Partners may agree to cause the Limited Partnership to enter that market. If one Major Limited Partner chooses not to participate, then the other Major Limited Partner may carry on the Business with another party, and that business association shall have the right to use the Limited Partnership's know-how and intellectual property under terms to be agreed to with the Limited Partnership and the Limited Partners.
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Related to REST OF CANADA

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