BBI Sample Clauses
The BBI clause, often referring to "Best Business Interests," is designed to ensure that parties act in a manner that prioritizes the overall success and objectives of the business relationship. In practice, this clause may require parties to make decisions or take actions that are not solely for their own benefit but also consider the mutual interests of all involved, such as sharing information or cooperating on key initiatives. Its core function is to foster collaboration and prevent actions that could harm the collective goals of the agreement, thereby reducing conflicts and promoting a more productive partnership.
BBI. BBI and each of its respective predecessors, successors, affiliates, present and former subsidiaries, divisions, parents, their respective present and former officers, employees, agents and shareholders hereby release and forever discharge the Shareholders and each of their respective past, present or future subsidiaries, affiliates, shareholders, officers, directors, employees, insurers, agents, predecessors, successors and assigns (collectively, the “Shareholders’ Released Parties”) of and from any and all claims, actions, suits, causes of action, debts, fees, costs, expenses (including attorneys’ fees), contracts, promises, liens, liabilities, losses, demands, controversies, agreements, promises, trespasses, and damages in law or in equity of any nature whatsoever (“Claims”), known or unknown, unless concealed by acts of fraud, or unforeseen, fixed or contingent, under statute or otherwise, and whether existing now or in the future, that BBI now has or may have had, or hereafter claims to have, against the Shareholders’ Released Parties relating to, resulting from, arising out of (i) Shareholders’ involvement with BBI, or (ii) actions taken by Shareholders on or prior to the date hereof; provided, however, that this release shall not apply to the obligations of Shareholders under this Agreement.