Non Competition Commitment Sample Clauses
A Non-Competition Commitment is a contractual provision that restricts one party, typically an employee or business seller, from engaging in business activities that directly compete with the other party for a specified period and within a defined geographic area. This clause may prohibit the individual from working for competitors, starting a similar business, or soliciting clients from the former employer. Its core practical function is to protect the legitimate business interests of the party imposing the restriction, such as safeguarding confidential information, customer relationships, and market position, by preventing unfair competition after the relationship ends.
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Non Competition Commitment. Amiram hereby covenants and agrees not to compete with VSUS (or with any current or future affiliate of VSUS), directly or indirectly, with respect to the particular business of providing business economic news and current business information to subscribers via email, instant messaging, or other method of electronic distribution, from the date hereof through December 31, 2006. For the sake of clarity, and without limitation, the current business of Amiram, being the provision of special email systems and functions to businesses and other enterprises, shall not be considered competitive with that business. In addition, competitive activity on the part of any third party, not affiliated with Amiram, whose email system is hosted by a company majority owned or controlled by Amiram, but to which Amiram has not provided substantive consulting or advice with respect to proprietary information of VSUS or any affiliate of VSUS, shall not be imputed or otherwise deemed activity of Amiram for purposes hereof. Other than the aforesaid covenant, neither Amiram nor the Amiram Employees (as defined in Section 5 hereof) shall be restricted in any way from competing with VSUS or with any affiliate of VSUS, any non-competition agreement or similar agreement between them is hereby declared to be terminated, effective immediately.
Non Competition Commitment a) The Consultant agrees not to:
(1) Use knowledge of the Client's proprietary information to compete with the Client's core business activities.
(2) Share or utilize the Client's unique methodologies or processes with other clients.
Non Competition Commitment. Party B hereby promises that during the term of this Agreement and for the next three years, Party B will not have direct business relations with Party A's cooperative educational institutions and Party A's customer units without Party A's prior written consent.
Non Competition Commitment. 7.1 After the reorganization, the business scope of Aoyu Deep Processing does not compete with the target group; The seller and the guarantor promise that Aoyu Deep Processing will not engage in any business that may compete with the target group from the effective date of this agreement.
7.2 The Seller and the Guarantor promise that from the delivery date of the equity transfer transaction, the Seller, the Guarantor and their related persons will not directly or indirectly engage in or participate in any business and activities that may compete with the target group, or have the rights and interests of any business entities, institutions and economic organizations that compete with the target group.Or obtain the control right of these business entities, institutions and economic organizations in any other form, or serve as senior managers or core technicians in these business entities, institutions and economic organizations.
7.3 If the seller, the guarantor and their related persons violate the above commitments, the parties to the equity transfer and the guarantor will separately and jointly compensate all the economic losses caused to the target group by these actions.
Non Competition Commitment. Prior to Completion of the Capital Increase, the Existing Shareholders and the Senior Management Personnel shall sign with the Company the Confidentiality Agreement in the form of the non-competition agreement shown in Appendix IV, promising not to undertake any business in direct or indirect competition with the Company’s business or directly or indirectly solicitate the Company’s employees, suppliers, customers, etc.
Non Competition Commitment. 10.1 Non-competition Commitment Party B and Party C hereby undertake that, as of the date of incorporation of the Company, unless the Company acts as the direct or indirect investor, their spouse and their immediate relatives ("Non-competition Obligor"), and other business entities controlled or interested in by any Non-competition Obligor, will not, singularly or jointly with any third party, or through or on behalf of any third party, directly or indirectly engage in or be involved in any business which is being engaged by the Company, or any business or activity competing or conflicting with the business of the Company ("Competing Business"), or has any financial interest in any Competing Business, or any person or entity who is engaging in any Competing Business. "Immediate Relatives" mentioned above shall refer to Party B's or Party C's spouse, or his/her or his/her spouse's parents, grandparents, children, grandchildren, siblings, uncles, aunts, nephews and nieces.
Non Competition Commitment. Party A acquires the target company for the sake of industrial expertise possessed by original company’s shareholders and also for the purpose to enhance such advantages of the target company to achieve a larger and stronger operational size operation, therefore, requires all the related parties to commit to fully concentrated efforts for the business development of the new company. Such shareholders should focus on the development of the target company, and should not engage in business activities having competition with the target company.
1. Possession of trademarks and trade names. Except the target company, legal entity or other organizations where the original company’s shareholders are involved in with through controlling power, holding equity, forming joint venture or partnership, to achieve the interests, shall not use trademarks or trade names of HongAo in two years, the latest, after the end of equity acquisition, nor explicitly or implicitly indicate their affiliation with “HongAo”;
2. The original company’s shareholders and the target company promis that: they shall not engage or participate in business activities having competition relation of the target company before Party A and its affiliated company completely withdraw their stake from the target company,
Non Competition Commitment. 5.1 When the Agreement is signed, the Senior Management Personnel shall sign with the Company the employment contract, confidentiality agreement and non-competition agreement (the form of the non-competition agreement between the Company and Yun Y▇▇▇ ▇▇ ▇hown in Appendix V) to the satisfaction of the Investors, promising not to undertake any business in direct or indirect competition with the Company’s business, directly or indirectly solicitate the Company’s employees, suppliers, customers, etc., or directly or indirectly control or hold the shares of any enterprise that directly and indirectly competes with the Company, during the service with the Company and within three (3) years after resigning from the Company for any reason, personally or through its related parties in any other way (including the direct or indirect form of individuals, enterprises and relatives worldwide, including but not limited to British Virgin Island, British Cayman Islands and the People’s Republic of China (including Hong Kong Special Administration Region, Macao Special Administrative Region and Taiwan Region)).
5.2 According to the commercial arrangements made by the parties hereto, the Investors shall compensate Weido▇▇ ▇▇▇ ▇▇ ▇ certain amount according to Weido▇▇ ▇▇▇’▇ ▇▇▇▇itment for non-competition. The specific arrangement shall be specified in the non-competition agreement to be signed when the Investors, Weido▇▇ ▇▇▇ ▇▇▇ the Company sign the Agreement. The form of the non-competition agreement is shown in Appendix VI hereto. According to the above non-competition agreement, Weido▇▇ ▇▇▇ ▇▇▇▇l undertake to the Company and the Investors that he shall strive to complete the Mosquito-Control Light Box Project (with 1,200 light boxes pending for installation by now) prior to August 31, 2008 (“Target Date”), but not later than December 31, 2008 (“Deadline”). In order to encourage Weido▇▇ ▇▇▇ ▇▇ ▇ctively help the Company in undertaking the Mosquito-Control Light Box Project and not to commit any other act in competition with the business of the Company and the Investors, for each 20% (240 light boxes) of the remaining portion completed by the Company, PAMC shall additionally compensate Weido▇▇ ▇▇▇ ▇▇▇ non-competition with an amount of RMB250,000 (the specific payment method to be determined by PAMC).
5.3 According to the commercial arrangements made by the parties hereto, the Investors and the Company shall sign, on the date of completing the industrial and commercial registr...
Non Competition Commitment. The Seller hereby undertakes for a period of five (5) years from the Closing Date, without the written consent of the Buyer, not to engage in the production or sale of any products manufactured and/or sold by the Company on the Closing Date. Seller undertakes to cause other companies from time to time belonging to the Metso Group to abide by the terms of this non-competition commitment.
Non Competition Commitment