Horizontal Competition definition
Horizontal Competition means competitor conducts the identical or similar business as the Main Business, and the business has the charactors of competition and substitution or there exists conflicts between the competitor and the Target Company in Main Business.
Examples of Horizontal Competition in a sentence
With regard to copyright of relevant business, provided that ASB complies with Chapter 10 Horizontal Competition Limitation of “ViSS Business Transfer Contract”, Vimicro shall grant ASB and its Affiliates free of charge, non-exclusive, non-transferable license worldwide to enable it to: use, update, strengthen, duplicate, and prepare derivative products and distribute materials and derivative products by ASB with copyright.