Right to Compete. Neither the General Partner nor any of its officers, agents or employees shall be obligated to devote its or their full time and attention to the Partnership and its affairs, but only such time as may reasonably be necessary for the conduct of the Partnership's business. Nothing contained in this Agreement shall preclude the General Partner, its officers, agents or employees from engaging in any business, or making any other investment, even though such business, or other investment may be in competition with the business of the Partnership. Any such activity may be undertaken with or without notice to or participation therein by the other Partner and neither any Partner nor the Partnership shall have any right or claim with respect to any such activity or the income or profits therefrom.
Appears in 5 contracts
Samples: Limited Partnership Agreement (North American Pipe Corp), Limited Partnership Agreement (North American Pipe Corp), Limited Partnership Agreement (North American Pipe Corp)
