No Competitor Clause Samples
The No Competitor clause prohibits one or both parties from engaging in business activities with direct competitors of the other party during the term of the agreement. Typically, this means that a party cannot provide similar products or services to a competitor, or enter into agreements that would create a conflict of interest. For example, a software vendor may be restricted from licensing its product to a rival company while under contract. The core function of this clause is to protect each party’s competitive interests and confidential information by preventing conflicts and reducing the risk of sensitive information being shared with competitors.
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No Competitor. Neither Buyer nor any of its Affiliates are, as of the date of this Agreement, and none of them will be, as of the Closing Date, a “Competitor” as such term is defined in the Company Existing LLC Agreement.
No Competitor. As of the Closing Date, the Purchaser does not own or license rights in, or otherwise have active operational control, influence or decision-making authority for, the development or commercialization of any pharmaceutical product for oral treatment of migraine, which is marketed in the United States or under development for sale in the United States, including both prescription and over-the-counter products (without giving effect to solely a financial interest in such a product (or in an entity that owns or licenses such a product) whether through receipt of royalties or other financial return where the Purchaser has no operational control, influence or decision-making powers in respect of such product).
No Competitor. The Purchaser is not a Competitor.