Reasonably Necessary Sample Clauses

Reasonably Necessary. The Company and the Executive agree that the Confidential Information set forth in Section 6.1 and the substantial relationships with the Company's specific prospective and existing customers and vendors: (i) are valuable, special, and a unique asset of the Company; (ii) have provided and will hereafter provide the Company with a substantial competitive advantage in the operation of its business; and (iii) are a legitimate business interest of the Company. The Company and the Executive also agree that the existence of these legitimate business interests justifies the need for the restrictive covenants set forth in this Article 2, and the restrictive covenants are reasonably necessary to protect the Company's legitimate business interests.
Search the Best Contracts

Draft contracts faster by searching through millions of contracts from the best law firms across all industries.

30+ Reviews on G2 Crowd
nixon-peabody.svg
casio.svg
baker-mckenzie.svg
p-morgan.svg
stanford-university.svg
klgates-logo.svg
harvard-university.svg
dentons.svg
Reasonably Necessary. Corporation and Consultant agree that the Confidential Information set forth in Section 6(a), including, without limitation, trade secrets: (i) are valuable, special, and a unique asset of Corporation; (ii) have provided and will hereafter provide Corporation with a substantial competitive advantage in the operation of its business; and (iii) are a legitimate business interest of Corporation. Corporation and Consultant also agree that the existence of these legitimate business interests justifies the need for the restrictive covenants set forth in this Section 6, and the restrictive covenants are reasonably necessary to protect Corporation's legitimate business interests.
Reasonably Necessary. Seller, Stockholder and Purchaser -------------------- agree that these restrictive covenants are reasonably necessary to protect Purchaser's legitimate business interests and are essential elements of this Agreement, and that, but for the Agreement of the Seller and Stockholder to comply with such covenants, the Purchaser would not have entered into this Agreement.
Reasonably Necessary. Seller, the Shareholder and Buyer agree that there exist legitimate business interests which justify the need for the restrictive covenants set forth in this Paragraph 23, including, without limitation, (i) the Property is valuable, confidential business information and is the basis of the bargain between the parties hereto, (ii) substantial relationships with the specific prospective and existing customers of Buyer and of Seller are associated with, and are a significant part of, the Property being acquired hereby, and (iii) there exists significant customer goodwill associated with (A) the ongoing Business by way of the Computer Products, the trademarks and other intellectual property being conveyed by Seller and/or the Shareholder hereby and (B) the areas where the Buyer, and the Business of the Seller, transacts business. Seller, Shareholder and Buyer agree that the restrictive covenants set forth in this Paragraph 23 have been drafted so as to reflect the parties intent that such covenants be upheld by a court interpreting such provisions, including, without limitation, under Florida Statute 542.335(1)(d)(3).