Right to Participation in Other Member Ventures Clause Samples
The Right to Participation in Other Member Ventures clause grants members the ability to engage in or invest in business ventures outside of the current entity, even if those ventures are similar or competitive. Typically, this clause clarifies that members are not restricted from pursuing independent opportunities, provided they do not misuse confidential information or resources belonging to the original entity. Its core function is to prevent conflicts of interest while ensuring members retain the freedom to pursue other business interests, thereby balancing individual autonomy with the entity’s need for protection.
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Right to Participation in Other Member Ventures. Neither the Company nor any Member (or any Affiliate of any Member) shall have any right by virtue of this Agreement either to participate in or to share in any other now existing or future ventures, activities or opportunities of any of the other Members or their Affiliates, or in the income or proceeds derived from such ventures, activities or opportunities. Neither the Company nor any Member (or any Affiliate of any Member) shall have any right by virtue of this Agreement either to participate in or to share in any other now existing or future ventures, activities or opportunities of any of the other Members or their Affiliates, or in the income or proceeds derived from such ventures, activities or opportunities.
Right to Participation in Other Member Ventures. Neither the Company nor any Member (or any Affiliate of any Member) shall have any right by virtue of this Agreement either to participate in or to share in any other now existing or future ventures, activities or opportunities of any of the other Members or their Affiliates, or in the income or proceeds derived from such ventures, activities or opportunities.