Restriction Clause Clause Samples
A Restriction Clause is a contractual provision that limits or prohibits certain actions or behaviors by one or more parties to the agreement. Typically, this clause may restrict activities such as competing with the other party, disclosing confidential information, or transferring rights and obligations without consent. For example, it might prevent an employee from working for a competitor within a specific geographic area for a set period after leaving a company. The core practical function of a Restriction Clause is to protect the interests of the parties by clearly defining boundaries and reducing the risk of conflicts or misuse of sensitive information.
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Restriction Clause. The Supplier shall not interfere with a Customer or prospective Customer who is in the process of buying from or involved in negotiations with the Purchaser for the supply of Goods or Services or similar goods or services. The Supplier shall forthwith inform the Purchaser in writing when a Customer requests a quotation directly from the Supplier.
Restriction Clause. 11 6.4. ILLEGALITY.........................................................12
Restriction Clause. 1) For the duration of this Agreement and for a period of one year after its expiry or earlier termination, the Contractor and the Consultant are prohibited from directly or indirectly influencing any of the Company's customers or suppliers to restrict or end their commercial relationship with the Company. In the same way Contractor and the Consultant are prohibited from directly or indirectly soliciting any of the Company's staff to leave the Company.
2) The Consultant is retained under contract to Contractor and shall not by virtue of this Agreement become the Employee of the Company. The Consultant shall however perform the services under the sole control and direction of the Company.
Restriction Clause. Should the Swiss National Bank or any other government body or authority impose restrictions of any kind or nature on the Bank affecting the Facilities, the Bank shall have the right to request that the conditions of the present Facilities be renegotiated by sending without delay written notice to the Borrower. Should no consent be reached following a negotiation period of thirty (30) days, the Borrower and the Bank shall have the right to cancel the Facilities with immediate effect and without having to pay any penalty, whereby any and all amounts owed by the Borrower to the Bank shall immediately become due for repayment.
Restriction Clause. 12 6.4 Illegality..............................................................................12 7.