Common use of Restricted Area Application Clause in Contracts

Restricted Area Application. The restrictions in Paragraphs 12(b) & (c) are understood to have an inherent geographic limitation by their nature based on where the persons or parties restricted from solicitation are located and potentially available for solicitation, or they have a reasonable and acceptable substitute for a geographic limitation. However, if applicable law requires additional geographic limitation for one of these restrictions to be enforceable then the restriction(s) requiring this limitation shall be deemed limited to the Restricted Area.

Appears in 2 contracts

Sources: Employment Agreement (International Money Express, Inc.), Employment Agreement (Fintech Acquisition Corp. II)