Business Opportunities. Members may engage in or possess an interest in other business ventures of any nature, and neither the Company nor any other Member shall have any rights by virtue of this Agreement in or to any such venture or the income or profits derived therefrom, and the pursuit of any such venture, even if competitive with the activities of the Company, shall not be deemed improper or wrongful. No Member shall be obligated to present any particular investment or business opportunity to the Company even if such opportunity is of a nature which could be taken by the Company.
Appears in 16 contracts
Samples: Liability Company Agreement (Acme Television LLC), Liability Company Agreement (Acme Television LLC), Limited Liability Company Agreement (Acme Television LLC)
