Employee Conflicts. The Company is not aware that any of its ------------------ employees, officers or consultants is obligated under any contract (including licenses, covenants or commitments of any nature) or other agreement, or subject to any judgment, decree or order of any court or administrative agency, that would conflict with the Company's business as presently conducted or as presently proposed to be conducted. Neither the execution nor delivery of this Agreement, nor the carrying on of the Company's business by the employees, officers and consultants of the Company, nor the conduct of the Company's business presently conducted or as presently proposed to be conducted, will, to the best of the Company's knowledge, conflict with or result in a breach of the terms, conditions or provisions of, or constitute a default under, any contract, covenant or instrument or violate any legal obligation under which any of such employees, officers or consultants is now obligated. The Company does not believe it is or will be necessary to utilize any inventions of any of its employees, officers or consultants (or people it currently intends to hire) made prior to their employment by, service for or consultancy with the Company.
Appears in 1 contract
Sources: Series a Preferred Stock Purchase Agreement (Zhone Technologies Inc)
Employee Conflicts. The Company is not aware that any of its ------------------ employees, officers or consultants is obligated under any contract (including licenses, covenants or commitments of any nature) or other agreement, or subject to any judgment, decree or order of any court or administrative agency, that would conflict with the Company's business as presently conducted or as presently proposed to be conducted. Neither the execution nor delivery of this Agreement, nor the carrying on of the Company's business by the employees, officers and consultants of the Company, nor the conduct of the Company's business presently conducted or as presently proposed to be conducted, will, to the best of the Company's knowledge, conflict with or result in a breach of the terms, conditions or provisions of, or constitute a default under, any contract, covenant or instrument or violate any legal obligation under which any of such employees, officers or consultants is now obligated. The Company does not believe it is or will be necessary to utilize any inventions of any of its employees, officers or consultants (or people it currently intends to hire) made prior to their employment by, service for or consultancy with the Company.
Appears in 1 contract
Sources: Series a Preferred Stock Purchase Agreement (Zhone Technologies Inc)