Common use of No Compete Clause in Contracts

No Compete. For a period of five (5) years after the Closing Date, Seller shall not engage in the business of acquiring, developing, marketing, distributing, licensing, any project similar to, competitive with, or substitutable for, the Projects, anywhere in the world, except as a customer or authorized distributor of Buyer or otherwise with Buyer's consent (which may be withheld in Buyer's sole discretion). Seller acknowledges and agrees that the current market for the Projects extends throughout the entire world and it is therefore reasonable to prohibit Seller from competing with Buyer anywhere in such territory. Seller shall not engage in any such activity, directly or indirectly, on its own behalf or in the service of or on behalf of others Section 12

No Compete. For a period of five (5) years after the Closing Date, Seller shall not engage in the business of acquiring, developing, marketing, distributing, licensing, any project similar to, competitive with, or substitutable for, the Projects, anywhere in the world, except as a customer or authorized distributor of Buyer or otherwise with Buyer's consent (which may be withheld in Buyer's sole discretion). Seller acknowledges and agrees that the current market for the Projects extends throughout the entire world and it is therefore reasonable to prohibit Seller from competing with Buyer anywhere in such territory. Seller shall not engage in any such activity, directly or indirectly, on its own behalf or in the service of or on behalf of others Section 12others.