Mutual Covenant Not to Compete Sample Contracts

Mutual Covenant Not to Compete

Mutual Covenant Not to Compete • September 6th, 2012 • Perceptron Inc/Mi • Optical instruments & lenses • Michigan

• Contract Type
  Mutual Covenant Not to Compete
• Filed
  September 6th, 2012
• Company
  Perceptron Inc/Mi
• Industry
  Optical instruments & lenses
• Jurisdiction
  Michigan

Inspectron is purchasing and Perceptron is selling substantially all of the assets constituting the CBU Business of Perceptron’s Commercial Products Business Unit (“CBU”) pursuant to an Asset Purchase Agreement dated August 30, 2012 between Inspectron and Perceptron (the “Asset Purchase Agreement”). This Agreement sets forth the terms under which each of Inspectron and Perceptron will agree to not engage in certain defined businesses. The mutual execution and delivery of this Agreement is a condition precedent to the Closing of the Asset Purchase Agreement.