Common use of Competing Interest Clause in Contracts

Competing Interest. Each Partner is entitled, without the consent of the other Partners, to engage in or possess an interest in other business ventures of every nature and description, independently or with others, including but not limited to any business of the same nature as, and in competition with, that of the Partnership, and is not liable to account to the other Partners therefor.

Appears in 3 contracts

Sources: Limited Partnership Agreement, Limited Partnership Agreement, Limited Partnership Agreement