Common use of Obligation Not to Compete Clause in Contracts

Obligation Not to Compete. The Company shall refrain from selling the Product in the Territory and shall not grant nor appoint any other person or entity as Distributor of the Product in the Territory. The Distributor shall not manufacture, sell or distribute any interferon or other products which compete with the Product. The Distributor may, however, continue its business activities with respect to such products as it sells or distributes on the date of signing this agreement as reflected in Exhibit E. The Distributor may nominate a Sub-Distributor upon submission of a request for approval and a copy of the draft Sub-Distributor Agreement which shall be submitted to the Company for its approval. No Sub-Distributor agreement shall be valid without the written approval of the Company. From the date of this agreement, Distributor shall not distribute, directly or indirectly, any products containing the same active ingredients as the Product. The Distributor hereby warrants that it shall not seek customers for the Product outside the Territory, sell the Product outside the Territory, or establish any branch or maintain any distribution depot outside the Territory. The Sub-Distributor Agreement shall require the Sub-Distributor to so warrant and the Distributor shall be accountable to the Company for enforcing this provision. The Distributor shall not have the right to produce the active ingredient of the Product.

Appears in 4 contracts

Samples: Distibution and Supply Agreement, Supply and Distribution Agreement (Viragen International Inc), Supply and Distribution Agreement (Viragen Inc)

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Obligation Not to Compete. The Company shall refrain from selling the Product in the Territory and shall not grant nor appoint any other person or entity as Distributor of the Product in the Territory. The Distributor shall not manufacture, sell or distribute any interferon or other products which compete with the Product. The Distributor may, however, continue its business activities with respect to such products as it sells or distributes on the date of signing this agreement as reflected in Exhibit E. The Distributor may nominate a Sub-Distributor upon submission of a request for approval and a copy of the draft Sub-Distributor Agreement which shall be submitted to the Company for its approval. No Sub-Distributor agreement shall be valid without the written approval of the Company. CJ to include name of products already in the market, as discussed. From the date of this agreement, Distributor shall not distribute, directly or indirectly, any products containing the same active ingredients as the Product. The Distributor hereby warrants that it shall not seek customers for the Product outside the Territory, sell the Product outside the Territory, or establish any branch or maintain any distribution depot outside the Territory. The Sub-Distributor Agreement shall require the Sub-Distributor to so warrant and the Distributor shall be accountable to the Company for enforcing this provision. The Distributor shall not have the right to produce the active ingredient of the Product.

Appears in 2 contracts

Samples: Supply and Distribution Agreement, Supply and Distribution Agreement (Viragen International Inc)

Obligation Not to Compete. The Company shall refrain from selling the Product in the Territory and shall not grant nor appoint any other person or entity as Distributor of the Product in the Territory. The Distributor shall not manufacture, sell or distribute any interferon or other products which compete with the Productinterferon. The Distributor may, however, continue its business activities with respect to such products as it sells or distributes on the date of signing this agreement as reflected in Exhibit E. F. The Distributor may nominate a Sub-Distributor upon submission of a request for approval and a copy of the draft Sub-Distributor Agreement which shall be submitted to the Company for its approval. No Sub-Distributor agreement shall be valid without the written approval of the Company. From the date of this agreement, Distributor shall not distribute, directly or indirectly, any products containing the same active ingredients as the Product. The Distributor hereby warrants that it shall not seek customers for the Product outside the Territory, sell the Product outside the Territory, or establish any branch or maintain any distribution depot outside the Territory. The Sub-Distributor Agreement shall require the Sub-Distributor to so warrant and the Distributor shall be accountable to the Company for enforcing this provision. The Distributor shall not have the right to produce the active ingredient of the Product.

Appears in 1 contract

Samples: Supply and Distribution Agreement (Viragen International Inc)

Obligation Not to Compete. The Company shall refrain from selling the Product in the Territory and shall not grant nor appoint any other person or entity as Distributor of the Product in the TerritoryTerritory during the term of this Agreement. The Distributor shall not manufacture, sell or distribute any interferon with the same indication as the Product (i.e. first or second line treatment as applicable) or any other products which compete with product that contains the same ingredients as the Product, or produce the active ingredient of the Product. The Distributor may, however, continue its business activities with respect to such products as it sells or distributes on the date of signing this agreement as reflected in Exhibit E. The Distributor may nominate a Sub-Distributor upon submission of a request for approval and a copy of the draft Sub-Distributor Agreement which shall be submitted to the Company for its approval. No Sub-Distributor agreement shall be valid without the written approval of the Company. From the date of this agreement, Distributor shall not distribute, directly or indirectly, any products containing the same active ingredients as the Product. License Agreement - Arriani Pharmaceuticals, S.A. Date: May 21, 2003 3 of 22 The Distributor hereby warrants that it shall not seek customers for the Product outside the Territory, sell the Product outside the Territory, or establish any branch or maintain any distribution depot outside the Territory. The Sub-Distributor Agreement shall require the Sub-Distributor to so warrant the foregoing and the Distributor shall be accountable to the Company for enforcing this provision. The Distributor shall not have the right to produce the active ingredient of the Product.

Appears in 1 contract

Samples: Supply and Distribution Agreement

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Obligation Not to Compete. The Company shall refrain from selling the Product in the Territory and shall not grant nor appoint any other person or entity as Distributor of the Product in the TerritoryTerritory during the term of this Agreement. The Distributor shall not manufacture, sell or distribute any interferon with the same indication as the Product (i.e. first or second line treatment as applicable) or any other products which compete with product that contains the same ingredients as the Product, or produce the active ingredient of the Product. The Distributor may, however, continue its business activities with respect to such products as it sells or distributes on the date of signing this agreement as reflected in Exhibit E. The Distributor may nominate a Sub-Distributor upon submission of a request for approval and a copy of the draft Sub-Distributor Agreement which shall be submitted to the Company for its approval. No Sub-Distributor agreement shall be valid without the written approval of the Company. From the date of this agreement, Distributor shall not distribute, directly or indirectly, any products containing the same active ingredients as the Product. License Agreement - Arriani Pharmaceuticals, S.A. Date: May 21, 2003 The Distributor hereby warrants that it shall not seek customers for the Product outside the Territory, sell the Product outside the Territory, or establish any branch or maintain any distribution depot outside the Territory. The Sub-Distributor Agreement shall require the Sub-Distributor to so warrant the foregoing and the Distributor shall be accountable to the Company for enforcing this provision. The Distributor shall not have the right to produce the active ingredient of the Product.

Appears in 1 contract

Samples: License Agreement (Viragen Inc)

Obligation Not to Compete. The Company shall refrain from selling the Product in the Territory and shall not grant nor appoint any other person or entity as Distributor of the Product in the TerritoryTerritory during the term of this Agreement. The Distributor shall not manufacture, sell or distribute any interferon or other products product which compete with the Product, any product that contains the same ingredients as the Product, or produce the active ingredient of the Product. The Distributor may, however, continue its business activities with respect to such products as it sells or distributes on the date of signing this agreement as reflected in Exhibit E. The Distributor may nominate a Sub-Distributor upon submission of a request for approval and a copy of the draft Sub-Distributor Agreement which shall be submitted to the Company for its approval. No Sub-Distributor agreement shall be valid without the written approval of the Company. From the date of this agreement, Distributor shall not distribute, directly or indirectly, any products containing the same active ingredients as the Product. License Agreement Pentafarma Date 11-17-03 3 of 18 The Distributor hereby warrants that it shall not seek customers for the Product outside the Territory, sell the Product outside the Territory, or establish any branch or maintain any distribution depot outside the Territory. The Sub-Distributor Agreement shall require the Sub-Distributor to so warrant the foregoing and the Distributor shall be accountable to the Company for enforcing this provision. The Distributor shall not have the right to produce the active ingredient of the Product.

Appears in 1 contract

Samples: License Agreement (Viragen Inc)

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