Competitive Behavior Clause Samples
The Competitive Behavior clause is designed to regulate how parties to an agreement may compete with each other or with third parties during and sometimes after the term of the contract. Typically, this clause may restrict one or both parties from engaging in activities that would directly compete with the other party’s business, such as soliciting customers, using confidential information for competitive advantage, or launching similar products. Its core practical function is to protect the legitimate business interests of the parties by preventing unfair competition and misuse of sensitive information, thereby reducing the risk of conflicts and loss of business value.
Competitive Behavior. As a condition of the Company’s obligations under this Agreement, during the term of this Agreement, you will not, without written permission of the Company, on behalf of yourself or on behalf of any other person, company, corporation, partnership or other entity or enterprise, directly or indirectly, as an employee, proprietor, stockholder, partner, consultant, or otherwise, engage in any business or activity competitive with the business of Ford Motor Company, its subsidiaries or affiliates worldwide. You specifically acknowledge that the Company conducts a worldwide business and that the worldwide restriction is reasonable. You also agree during the term of this Agreement that you will not engage in any conduct that is inimical to the best interests of the Company, its subsidiaries, or affiliates worldwide. In the event you breach these restrictive covenants, the Company shall be entitled to the remedies outlined in Section 3 below with respect to breach of Confidential Information.
Competitive Behavior. No Employee or Consultant may engage in any behavior which competes with GTECH in any manner whatsoever. No Employee or Consultant may have any direct or indirect interest in (or serve as an employee, director, officer, consultant or agent to) any 9 corporation or other entity which competes or seeks to compete with GTECH in any business or product line. Nor shall any Employee or Consultant directly or indirectly assist any person or entity to compete with GTECH. (An exception is that Employees or Consultants may have an investment interest in the publicly traded securities of a GTECH competitor provided that such investment (when aggregated with all holdings of such Employee's household or immediate family) is less than 1% of the issued and outstanding securities of such competitor.) Consultants shall disclose to GTECH all employment, management participation or directorships with any organization other than GTECH. If such employment, management participation or directorship is performed at the direction of or on behalf of Consultant by Consultant's employees, Consultant shall be responsible for promptly making said disclosure on behalf of said employees.