Neither Party may Clause Samples
The 'Neither Party may' clause establishes a mutual restriction on both parties, prohibiting them from engaging in certain specified actions or behaviors. In practice, this clause might prevent either party from disclosing confidential information, assigning the agreement to a third party, or making unilateral changes to contract terms. Its core function is to ensure fairness and balance by clearly defining actions that are off-limits to both sides, thereby reducing the risk of disputes and maintaining the integrity of the agreement.
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Neither Party may as a condition for temporary entry under paragraph 1, require labor certification tests or other procedures of similar effect; or
Neither Party may. (a) as a condition for temporary entry under paragraph 1 or 3, require prior approval procedures, petitions, labour certification tests or other procedures of similar effect; or
(b) impose or maintain any numerical restriction relating to temporary entry under paragraph 1 or 3.
Neither Party may. 16.1.1 Transfer, pledge, secure by, charge, sublease or divide, partially or in full, its rights under this Promissory Agreement until the Transaction Date, sau
16.1.2 Create any pledge, institute a lien, charge, transfer, option or other right or interest in favor of third parties, under this Promissory Agreement, directly or indirectly, in relation with the Property, or
16.1.3 Make disposal deeds in relation with the Property until the Transaction Date.
Neither Party may. (i) make any use of the Confidential Information of the other Party except as required to perform its obligations under the Agreement;
(ii) possess or assert any lien or similar right against or to the Confidential Information of the other Party; or
(iii) sell, assign, lease, or otherwise dispose of to third parties or commercially exploit the Confidential Information of the other Party. 37 Services Agreement by and between MSDW and IBM effective as of July 1, 1999 Amended and Restated as of December 21, 2001
Neither Party may. (i) make any use of the Confidential Information of the other Party except as required to perform its obligations under the Agreement;
(ii) possess or assert any lien or similar right against or to the Confidential Information of the other Party; or
(iii) sell, assign, lease, or otherwise dispose of to third parties or commercially exploit the Confidential Information of the other Party.