Common use of Business Decisions Clause in Contracts

Business Decisions. Notwithstanding the nature of this Agreement, each of the Parties agrees that: (i) the Parties shall not discuss or exchange any information relating to prices, territories, customers or business and financial plans with one another that is not specifically required to be communicated to complete the arrangements contemplated by this Agreement; (ii) all business decisions that may have an impact on competition shall be determined independently by each Party; (iii) the Parties shall not enter into any decision or agreement in respect of business decisions that may have an impact on competition; and (iv) each Party shall use all reasonable commercial efforts to limit access by such Party and its employees, agents and advisors to the Confidential Information of the other Party.

Appears in 2 contracts

Samples: Transitional Services and Separation Agreement (Colliers International Group Inc.), Transitional Services and Separation Agreement (FirstService Corp)

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Business Decisions. Notwithstanding the nature of this Agreement, each of the Parties agrees that: (i) the Parties shall not discuss or exchange any information relating to prices, production, capacity, distribution, territories, customers or business and financial plans with one another that is not specifically required to be communicated to complete the arrangements contemplated by this Agreement; , (ii) all business decisions that may have an impact on competition shall be determined independently by each Party; , (iii) the Parties shall not enter into any decision or agreement in respect of business decisions that may have an impact on competition; and (iv) each Party shall use all reasonable commercial efforts to limit access by such Party and its employees, agents and advisors to the Confidential Information of the other Party.

Appears in 2 contracts

Samples: Separation and Transition Agreement (Encana Corp), Separation and Transition Agreement (Cenovus Energy Inc.)

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