Common use of Restriction on Competition by LICENSEE Clause in Contracts

Restriction on Competition by LICENSEE. In consideration of LICENSEE's receiving the exclusive rights conferred under this Agreement, LICENSEE shall not, during the term of this Agreement, sell or deal in any manner in bicycles or parts or components thereof not constituting Licensed Products, but may deal in bicycle accessories approved by LICENSOR. In addition, for a period of three (3) years after the termination of this Agreement, LICENSEE shall not become involved or associated with any other person or business entity engaged in the manufacture or sale of lever propelled bicycles; provided, that if such time period is held to be unenforceable, then the restrictive period shall be such reasonable period as may be agreed by judicial body within the Territory. 03/09/94/RRI/09152/001/AGREE-11/71484.1

Restriction on Competition by LICENSEE. In consideration of LICENSEE's receiving the exclusive rights conferred under this Agreement, LICENSEE shall not, during the term of this Agreement, sell or deal in any manner in bicycles or parts or components thereof not constituting Licensed Products, but may deal in bicycle accessories approved by LICENSOR. In addition, for a period of three (3) years after the termination of this Agreement, LICENSEE shall not become involved or associated with any other person or business entity engaged in the manufacture or sale of lever propelled bicycles; provided, that if such time period is held to be unenforceable, then the restrictive period shall be such reasonable period as may be agreed by a judicial body within the Territory. 03/09/94/RRI/09152/00103/09/94RRI/09152/001/AGREE-11/71484.1

Restriction on Competition by LICENSEE. In consideration of LICENSEE's receiving the exclusive rights conferred under this Agreement, LICENSEE shall not, during the term of this Agreement, sell or deal in any manner in bicycles or parts or components thereof not constituting Licensed Products, but may deal in bicycle accessories approved by LICENSOR. In addition, for a period of three (3) years after the termination of this Agreement, LICENSEE shall not become involved or associated with any other person or business entity engaged in the manufacture or sale of lever propelled bicycles; provided, that if such time period is held to be unenforceable, then the restrictive period shall be such reasonable period as may be agreed by a judicial body within the Territory. 03/09/94/RRI/09152/001/AGREE-11/71484.1

Restriction on Competition by LICENSEE. In consideration of LICENSEE's receiving the exclusive rights conferred under this Agreement, LICENSEE shall not, during the term of this Agreement, sell or deal in any manner in bicycles or parts or components thereof not constituting Licensed Products, but may deal in bicycle accessories approved by LICENSOR. In addition, for a period of three (3) years after the termination of this Agreement, . LICENSEE shall not become involved or associated with any other person or business entity engaged in the manufacture or sale of lever propelled bicycles; provided, that if such time period is held to be unenforceable, then the restrictive period shall be such reasonable period as may be agreed by a judicial body within the Territory. 03/09/94/RRI/09152/001/AGREE-11/71484.1