Common use of TERM COVENANT NOT TO COMPETE Clause in Contracts

TERM COVENANT NOT TO COMPETE. The FRANCHISEE, the FRANCHISEE'S shareholders and the Personal Guarantors will not, for a period of one (1) year after the termination or expiration of this Agreement, on their own account or as an employee, agent, consultant, partner, officer, director, member or shareholder of any other person, firm, entity, partnership or corporation: (A) seek to employ any person who is at that time employed by WCH or by any other We Care Hair, City Looks or Cost Cutters(R) franchisee, or induce any such employee to terminate his or her employment; or (B) own, operate, lease, franchise, conduct, engage in, be connected with, have any interest in or assist any person or entity engaged in any hairstyling, xxxxxx or other business that is in any way competitive with or similar to the We Care Hair businesses conducted by WCH or WCH'S franchisees which is located either within the Franchised Area or within six (6) miles of any We Care Hair business operated by WCH or any of WCH'S franchisees, or which is located within any exclusive area granted by WCH or any affiliate or area developer of WCH pursuant to any franchise, development, license or other territorial agreement. The FRANCHISEE, the FRANCHISEE'S shareholders and the Personal Guarantors expressly agree that the one (1) year period, the Franchised Area and the six (6) mile limit are the reasonable and necessary time and geographical limitations required to protect WCH and WCH'S franchisees if this Agreement expires or is terminated for any reason, and that this covenant not to compete is necessary to permit WCH the opportunity to further develop new We Care Hair businesses in the Franchised Area.

Appears in 2 contracts

Samples: Development Agreement (Barbers Hairstyling for Men & Women Inc), Development Agreement (Barbers Hairstyling for Men & Women Inc)

AutoNDA by SimpleDocs

TERM COVENANT NOT TO COMPETE. The FRANCHISEE, the FRANCHISEE'S shareholders and the Personal Guarantors will not, for a period of one (1) year after the termination or expiration of this Agreement, on their own account or as an employee, agent, consultant, partner, officer, director, member director or shareholder of any other person, firm, entity, partnership or corporation: (A) seek to employ any person who is at that time employed by WCH or by any other We Care Hair, City Looks or Cost Cutters(R) franchiseefranchise, or induce any such employee to terminate his or her employment; employment or (B) own, operate, lease, franchise, conduct, engage in, be connected with, have any interest in or assist any person or entity engaged in any hairstyling, xxxxxx or other business that is in any way competitive with or similar to the We Care Hair businesses conducted by WCH or WCH'S franchisees franchisees, which is located either within the Franchised Area or within six (6) miles of either the Franchised Location or any other We Care Hair business businesses operated by WCH or any of WCH'S franchisees, or which is located within any exclusive area granted by WCH or any affiliate or area developer of WCH pursuant to any franchise, development, license or other territorial agreement. The FRANCHISEE, the FRANCHISEE'S shareholders and the Personal Guarantors expressly agree that the one (1) year period, the Franchised Area period and the six (6) mile limit are the reasonable and necessary time and geographical limitations distances required to protect WCH and WCH'S franchisees if this Agreement expires or is terminated for any reason, and that this covenant not to compete is necessary to permit WCH the opportunity to further resell and/or develop a new We Care Hair businesses business at or in the area near the Franchised AreaLocation.

Appears in 2 contracts

Samples: Franchise Agreement (Barbers Hairstyling for Men & Women Inc), Franchise Agreement (Barbers Hairstyling for Men & Women Inc)

TERM COVENANT NOT TO COMPETE. The FRANCHISEE, the FRANCHISEE'S shareholders and the Personal Guarantors will not, for a period of one (1) year after the termination or expiration of this Agreement, on their own account or as an employee, agent, consultant, partner, officer, director, member director or shareholder of any other person, firm, entity, partnership or corporation: (A) seek to employ any person who is at that time employed by WCH CITY LOOKS or by any other City Looks, Cost Cutters or We Care Hair, City Looks or Cost Cutters(RHair(R) franchiseefranchise, or induce any such employee to terminate his or her employment; or (B) own, operate, lease, franchise, conduct, engage in, be connected with, have any interest in or assist any person or entity engaged in any hairstyling, xxxxxx or other business that is in any way competitive with or similar to the We Care Hair City Looks, City Looks Salons International, The Barbers or City Looks By The Barbers businesses conducted by WCH CITY LOOKS or WCH'S franchisees CITY LOOKS' franchisees, which is located either within the Franchised Area or within six (6) miles of either the Franchised Location or any We Care Hair business other City Looks, City Looks Salons International, The Barbers or City Looks By The Barbers businesses operated by WCH CITY LOOKS or any of WCH'S CITY LOOKS' franchisees, or which is located within any exclusive area granted by WCH CITY LOOKS or any affiliate or area developer of WCH CITY LOOKS pursuant to any franchise, development, license or other territorial agreement. The FRANCHISEE, the FRANCHISEE'S shareholders and the Personal Guarantors expressly agree that the one (1) year period, the Franchised Area period and the six (6) mile limit are the reasonable and necessary time and geographical limitations distances required to protect WCH CITY LOOKS and WCH'S CITY LOOKS' franchisees if this Agreement expires or is terminated for any reason, and that this covenant not to compete is necessary to permit WCH CITY LOOKS the opportunity to further resell and/or develop a new We Care Hair businesses City Looks business at or in the area near the Franchised AreaLocation.

Appears in 1 contract

Samples: Franchise Agreement (Barbers Hairstyling for Men & Women Inc)

AutoNDA by SimpleDocs

TERM COVENANT NOT TO COMPETE. The FRANCHISEE, the FRANCHISEE'S shareholders and the Personal Guarantors will not, for a period of one (1) year after the termination or expiration of this Agreement, on their own account or as an employee, agent, consultant, partner, officer, director, member director or shareholder of any other person, firm, entity, partnership or corporation: (A) seek to employ any person who is at that time employed by WCH CITY LOOKS or by any other City Looks Salons International, The Barbers,, Cost Cutters or We Care Hair, City Looks or Cost Cutters(RHair(R) franchiseefranchise, or induce any such employee to terminate his or her employment; or (B) own, operate, lease, franchise, conduct, engage in, be connected with, have any interest in or assist any person or entity engaged in any hairstyling, xxxxxx or other business that is in any way competitive with or similar to the We Care Hair City Looks Salons International or The Barbers businesses conducted by WCH CITY LOOKS or WCH'S franchisees CITY LOOKS' franchisees, which is located either within the Franchised Area or within six (6) miles of either the Franchised Location or any We Care Hair business other City Looks Salons International or The Barbers businesses operated by WCH CITY LOOKS or any of WCH'S CITY LOOKS' franchisees, or which is located within any exclusive area granted by WCH CITY LOOKS or any affiliate or area developer of WCH CITY LOOKS pursuant to any franchise, development, license or other territorial agreement. The FRANCHISEE, the FRANCHISEE'S shareholders and the Personal Guarantors expressly agree that the one (1) year period, the Franchised Area period and the six (6) mile limit are the reasonable and necessary time and geographical limitations distances required to protect WCH CITY LOOKS and WCH'S CITY LOOKS' franchisees if this Agreement expires or is terminated for any reason, and that this covenant not to compete is necessary to permit WCH CITY LOOKS the opportunity to further resell and/or develop a new We Care Hair businesses City Looks business at or in the area near the Franchised AreaLocation.

Appears in 1 contract

Samples: Franchise Agreement (Barbers Hairstyling for Men & Women Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.