Common use of Independent Ventures Clause in Contracts

Independent Ventures. Any Member may engage in or possess an interest in other business ventures of every nature and description, independently or with others, and neither the Company nor any of the Members shall have any rights by virtue of this Agreement in and to such independent ventures or the profits derived therefrom.

Appears in 1 contract

Sources: Operating Agreement (Global Energy, Inc.)

Independent Ventures. Any Member of the Members may engage in or and possess an interest in other business ventures of every nature and description, independently or and with others, and neither the Company nor any of the other Members shall have any rights right by virtue of this Agreement in and to any such independent ventures or to the income or profits derived therefrom.

Appears in 1 contract

Sources: Operating Agreement