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Except as approved in writing by the Board of Directors, Employee shall not be entitled to any interest in any such project, program, or venture or to any commission, finder\u2019s fee or other compensation in connection therewith, other than the compensation to be paid to Employee by E ENERGY as provided herein. Employee shall have no interest, direct or indirect, in any customer or supplier that conducts business with E ENERGY, unless such interest has been disclosed in writing to and approved by the Board of Directors before such customer or supplier seeks to do business with E ENERGY.", "hash": "727dd766f3b88c3fa7f5060d40676593", "id": 9}, {"size": 8, "samples": [{"hash": "j9UcOBIFsSh", "uri": "/contracts/j9UcOBIFsSh#ventures", "label": "Employment Agreement (Peoples Educational Holdings)", "score": 18.0, "published": true}, {"hash": "cF6tYgUjJbO", "uri": "/contracts/cF6tYgUjJbO#ventures", "label": "Employment Agreement (Peoples Educational Holdings)", "score": 18.0, "published": true}, {"hash": "8K3V5tP6VtF", "uri": "/contracts/8K3V5tP6VtF#ventures", "label": "Employment Agreement (Peoples Educational Holdings)", "score": 18.0, "published": true}], "snippet_links": [{"key": "during-the-term-of-this-agreement", "type": "clause", "offset": [4, 37]}, {"key": "engaged-in", "type": "definition", "offset": [56, 66]}, {"key": "associated-with", "type": "definition", "offset": [70, 85]}, {"key": "the-planning", "type": "clause", "offset": [86, 98]}, {"key": "party-or-parties", "type": "definition", "offset": [209, 225]}, {"key": "all-rights", "type": "clause", "offset": [227, 237]}, {"key": "the-project", "type": "definition", "offset": [241, 252]}, {"key": "to-the-extent", "type": "clause", "offset": [274, 287]}, {"key": "such-rights", "type": "definition", "offset": [293, 304]}, {"key": "by-the-executive", "type": "clause", "offset": [320, 336]}, {"key": "to-the-company", "type": "clause", "offset": [391, 405]}, {"key": "the-case", "type": "definition", "offset": [428, 436]}, {"key": "by-the-company", "type": "clause", "offset": [464, 478]}, {"key": "board-of-directors", "type": "definition", "offset": [481, 499]}, {"key": "other-compensation", "type": "definition", "offset": [627, 645]}, {"key": "in-connection", "type": "definition", "offset": [646, 659]}, {"key": "compensation-to-be", "type": "clause", "offset": [685, 703]}, {"key": "to-the-executive", "type": "clause", "offset": [709, 725]}, {"key": "in-this-agreement", "type": "clause", "offset": [738, 755]}], "snippet": "If, during the term of this Agreement, the Executive is engaged in or associated with the planning or implementing of any project, program or venture involving the Company or any of its Affiliates and a third party or parties, all rights in the project, program or venture, to the extent that such rights may be claimed by the Executive or the Company or any of its Affiliates, shall belong to the Company or its Affiliates, as the case may be. Except as approved by the Company's Board of Directors, the Executive shall not be entitled to any interest in such project, program or venture or to any commission, finder's fee or other compensation in connection therewith other than the compensation to be paid to the Executive as provided in this Agreement.", "hash": "4e1f148ddca81843c5c68942da813655", "id": 10}], "next_curs": "ClESS2oVc35sYXdpbnNpZGVyY29udHJhY3Rzci0LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhF2ZW50dXJlcyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"size": 509, "children": [], "title": "Ventures", "parents": [["company-matters", "Company Matters"], ["company-matters-restrictive-covenants", "Company Matters Restrictive Covenants"], ["companys-ownership-in-board-members-work", "Companys Ownership in Board Members Work"], ["companys-ownership-in-employees-work", "Companys Ownership in Employees Work"], ["covenants", "Covenants"]], "id": "ventures", "related": [["other-business-ventures", "Other Business Ventures", "Other Business <strong>Ventures</strong>"], ["other-business-opportunities", "Other Business Opportunities", "Other Business Opportunities"], ["other-businesses", "Other Businesses", "Other Businesses"], ["joint-ventures", "Joint Ventures", "Joint <strong>Ventures</strong>"], ["other-business-activities-of-the-holders", "Other Business Activities of the Holders", "Other Business Activities of the Holders"]], "related_snippets": [], "updated": "2026-05-30T06:04:11+00:00", "also_ask": [], "drafting_tip": "Define the types of ventures covered to avoid ambiguity; specify parties\u2019 rights and obligations to ensure enforceability; clarify profit and loss sharing to prevent future disputes.", "explanation": "The \"Ventures\" clause defines the rules and expectations regarding joint business activities or collaborative projects between the parties. Typically, this clause clarifies whether the agreement creates a partnership, joint venture, or other shared enterprise, and may specify the extent of each party's involvement, contributions, and liabilities in such ventures. Its core function is to prevent misunderstandings about the legal relationship formed by the agreement, ensuring that neither party is unintentionally exposed to partnership obligations or risks unless explicitly agreed."}, "json": true, "cursor": ""}}