Examples of Direct Competitor in a sentence
Should Merchant sell a majority or its assets or shares or other voting control to a Direct Competitor of the other, SHIFT4 may terminate this Gateway Services Agreement at any time without penalty or prejudice.
During the Initial Term, Lessor shall not allow any part of the Property to be used by a Direct Competitor.
SHIFT4 will not develop any software to facilitate the transfer of CHD or data to any Direct Competitor as any such development may impact the intellectual property of others or SHIFT4, and would in any event, at that time, be considered “work-for- hire” and as such, not covered by this Gateway Services Agreement.
Should Merchant sell amajority or its assets or shares or othervotingcontrol toa Direct Competitor of the other, SHIFT4 may terminate this Gateway Services Agreement at any time without penalty or prejudice.
Employee shall not, directly or indirectly, provide Competitive Services (as defined below) within the Restricted Territory (as defined below) to or for the benefit of a Direct Competitor (as defined below), regardless of whether the services are provided as an employee, owner, manager, director, officer, consultant, or in some other capacity .