Potential Competitor Clause Samples
The Potential Competitor clause defines how parties to an agreement should handle situations where one party may become a competitor of the other. Typically, this clause outlines the criteria for determining when a party is considered a potential competitor, such as entering a similar market or offering comparable products or services. It may also specify restrictions, disclosure requirements, or procedures to follow if such a situation arises. The core function of this clause is to manage conflicts of interest and protect sensitive information, ensuring that both parties are aware of and can address competitive risks that may develop during the course of their relationship.
Potential Competitor a U.S. Air Carrier or an Affiliate thereof or a shareholder of a U.S. Air Carrier holding or having the right to acquire (without regard to the happening of a contingency) capital stock in such U.S. Air Carrier in excess of 25%.
Potential Competitor a U.S. Air Carrier or an Affiliate thereof or a shareholder of a U.S. Air Carrier holding or having the right to acquire (without regard to the happening of a contingency) capital stock in such U.S. Air Carrier in excess of 25%. Purchase Agreement: Purchase Agreement No. 2444, dated July 3, 2003, between Airframe Manufacturer and Borrower (which incorporates by reference AGTA-CQT), including all exhibits thereto, together with all letter agreements related thereto, but excluding the Reserved Provisions.