Unfair Competition and Infringement of Rights Clause Samples
The Unfair Competition and Infringement of Rights clause is designed to prohibit parties from engaging in business practices that unlawfully exploit or damage another party’s intellectual property or competitive position. This clause typically covers actions such as copying proprietary materials, misusing confidential information, or infringing on trademarks and patents. Its core function is to protect the legitimate interests of the parties by deterring unethical conduct and providing a basis for legal recourse if such conduct occurs.
Unfair Competition and Infringement of Rights. The Distributor shall inform the Company of all acts of unfair competition and of all infringement of patents, trademark, trade names, or similar rights of the Company which have come to its attention to the extent that the rights of the Company have been violated. If requested by the Company, the Distributor shall assist the Company at the Company’s expense in any action or litigation involving such acts or infringements.
Unfair Competition and Infringement of Rights. The parties shall inform one another of all acts of unfair competition and all infringements of patents or similar rights which have come to their notice. Biocon agrees to bear all expenses of any possible defensive action against such acts and infringements. The Danish and Finnish Investors agree to give Biocon all information, assistance and authority to enable Biocon to ensure the necessary legal protection. All damage collected or any profits from any action referred to above shall be for the sole benefit of Biocon.