Restraint on Competition Sample Clauses

Restraint on Competition. 17.1 The Employee covenants and agrees with the Company that without derogating from or limiting the effect of clause 7 he shall not either alone or jointly or in partnership or by way of a joint venture or otherwise with or as a shareholder, servant, agent, consultant, adviser, officer or contractor of any other person or persons, other than as an employee of the Company or a member of the Novogen Group, either directly or indirectly carry on or manage or be concerned or interested in or assist any other person or persons to carry on or be concerned or to obtain any interest in any industry or business engaged in the research, development, manufacture, extraction, processing, marketing, distribution or sale of any veterinary or human pharmaceutics or therapeutics or any business or industry identical to or substantially similar to the Business of the Company, or any of the members of the Novogen Group in any State or Territory of Australia or any other place in the world at any time during the course of his employment hereunder. 17.2 Notwithstanding the provisions of clause 17.1 the Company agrees with the Employee that the Employee may hold shares in a public company the shares of which are quoted on any share or stock exchange in the world. 17.3 The Employee convenants and agrees with the Company that he will not during the period set out in item 10 of the Schedule as from the date upon which this Agreement is terminated either directly or indirectly on his own account or for or with any other person or persons, solicit, interfere with or endeavour to entice away from the Company, or any of the members of the Novogen Group any person who, during the employment of the Employee with the Company or any member of the Novogen Group was a customer, supplier, contractor, agent, licensee or licensor or to the knowledge of the Employee was a person with whom any of the aforesaid was negotiating with a view to that person becoming a customer, supplier, contractor, agent, licensee or licensor of any of the aforesaid. 17.4 It is expressly acknowledged and agreed that the provision of clauses 17.1 and 17.3 are necessary in order to protect the interests of the Company, the Novogen Group and of the Business and the confidentiality of the knowledge of the Employee as to the affairs, business and activities of the Company and the Novogen Group. 17.5 It is expressly acknowledged and agreed by the Employee that the provisions of clause 17.1 and 17.3 are reasonable partic...
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Restraint on Competition. 1. Members must not attempt to bypass TCA by using the information supplied on the Platform (or the Website) for other purposes including, but not limited to, making an offer of any type of funding directly to a Borrower or passing confidential information to non-Members so that they can make their own direct offers to a Borrower. Each Member accepts that this is a reasonable restraint having regard to the confidentiality of information provided to them through the Platform, the agreement of the Member relied upon by other Members, TCA and TCAN and the reliance by Borrowers on the Platform and payment by them for services to them. 2. Members must keep the internal operating methods and procedures used by the Platform confidential and not use such information gained to assist any person seeking to establish a similar service to that offered by the Platform.
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Restraint on Competition. 29.1 The salesperson shall not for a period of 90 days after the termination of this agreement either on the salesperson’s own account or as a consultant to or a partner, agent, trustee, employee, shareholder, member or director of any other person, company or business directly or indirectly solicit or entice in competition with the company the custom of any person, business or organisation who has at any time during the term of the salesperson’s employment with the company received the services of the company or who has been listed as a prospective client of the company or is employed by the company or is engaged by the company as an Independent Contractor. 29.2 Any breach of this provision by the salesperson shall entitle the company to forfeit and retain as liquidated damages any commission due to the salesperson. [43] In addition, cl 18 of Xx Xxxxxx’x agreement provided that he would not at any time: … either directly or indirectly utilise or divulge to any person any knowledge or information, which you may acquire or may have already acquired concerning the business affairs, operating methods, know-how, strategic plans, property, customers, clients or principals of the Company or the business. [44] At cl 19 of the agreement, Xx Xxxxxx accepted that all listings he obtained during the term of the agreement would remain the property of the company. In addition, he agreed that upon termination, he would not: … directly or indirectly encourage or entice any vendors who have listed property with the Company to withdraw any of those listings from the Company, or take or refrain from taking any step that would or might have that effect. [45] It follows Xx Xxxxxx’x agreement did not contain a non-competition clause, and the non-solicitation obligation subsists for 90 days. [46] Finally, cl 21 of the agreement provides that: Client databases used or compiled by you during the term of this agreement shall be the property of the Company, provided that this clause shall apply only to those databases or those parts of databases containing business contacts (as opposed to those databases or those parts of databases containing your family and friends).
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Restraint on Competition. 8.1 The Vendor and Xxxxxxxxx jointly and severally agree with the Purchaser that in order to protect the goodwill of the Company and the Business neither the Vendor nor Xxxxxxxxx will, either directly or indirectly at any time for the period of:
Sample 1
Restraint on Competition. Each shareholder acknowledges and agrees with the company and each other that: (i) At any time whilst they are a shareholder, or after they cease to be a shareholder, or otherwise associated with the company, or the business conducted by the company, then such shareholder covenants and warrants to the company, and other shareholders that they must not directly or indirectly and whether solely or jointly with or as director, manager, agent, servant, adviser, consultant, investor, trustee, partner, joint venture, or any of them, carry on or be engaged or interested in any business of a like nature to the business conducted by the company or any significant component thereof, or permit their names to be used in connection therewith; (ii) The respective covenants and warranties referred to above must apply for the period to the people and in the area stated in schedule 3; and (iii) The area, people and period stated in schedule 3 for the restraint of trade referred to herein is expressly acknowledged by each of the shareholders to be no greater than reasonably necessary to protect the goodwill and intellectual property of the business conducted by the company, so as not to derogate from the company’s right to enjoy the full benefit of ownership of the business and its goodwill and intellectual property, as well as to protect the future value and return to the company and its shareholders of its investment, development, management, operation, trading and marketing of the business of the company.
Sample 1

Related to Restraint on Competition

  • Competition By accepting this Contract, Contractor agrees that no collusion or other restraint of free competitive bidding, either directly or indirectly, has occurred in connection with this award by the Division of Purchases.

  • Non-Competition (a) During the term of employment of the Employee under this Employment Agreement, and during a period of one (1) year after termination of employment of the Employee under this Employment Agreement without regard to the cause of termination of employment and whether or not such termination of employment was caused by the Employee or by the Corporation, (i) the Employee shall not engage, either directly or indirectly, in any manner or capacity, in any business or activity which is competitive with any business or activity conducted by the Corporation; (ii) the Employee shall not work for or employ, directly or indirectly, or cause to be employed by another, any person who was an employee, officer or agent of the Corporation or of any of its subsidiaries at any time during a period of twelve (12) months prior to the termination of the employment of the Employee under this Employment Agreement nor shall the Employee form any partnership with, or establish any business venture in cooperation with, any such person which is competitive with any business or activity of the Corporation; (iii) the Employee shall not give, sell or lease any goods or services competitive with the goods or services of the Corporation or its subsidiaries to any person, partnership, corporation or other entity who purchased goods or services from the Corporation or its subsidiaries within one (1) year before the termination of the employment of the Employee under this Employment Agreement; (iv) the Employee shall not have any material financial interest, or participate as a director, officer, 5% stockholder, partner, employee, consultant or otherwise, in any corporation, partnership or other entity which is competitive with any business or activity conducted by the Corporation. (b) The Corporation and the Employee agree that the services of the Employee are of a personal, special, unique and extraordinary character, and cannot be replaced by the Corporation without great difficulty, and that the violation by the Employee of any of his agreements under this Section (10) would damage the goodwill of the Corporation and cause the Corporation irreparable harm which could not reasonably or adequately be compensated in damages in an action at law, and that the agreements of the Employee under this Section (10) may be enforced by the Corporation in equity by an injunction or restraining order in addition to being enforced by the Corporation at law. (c) In the event that this Section (10) shall be determined by any court of competent jurisdiction to be unenforceable by reason of its extending for too long a period of time or over too great a range of activities, it shall be interpreted to extend only over the maximum period of time or range of activities as to which it may be enforceable.

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