Neoteric Business definition
Neoteric Business means the business conducted pursuant to the non-exclusive license and distribution agreement between Neoteric Technology Ltd. and Seller Parent effective as of December 1, 2005 and the services agreement between Neoteric Technology Ltd. and Seller Parent dated December 22, 2005, the Intellectual Property therein (to the extent not related to the Business) and the other assets and liabilities exclusively related to the business conducted pursuant to such agreements. For the avoidance of doubt, Sellers acknowledge and agree that nothing contained in this Agreement or any Ancillary Agreement shall in any way limit Buyers’ ability to enter into or compete in the business conducted pursuant to the agreements referenced in the preceding sentence. The inclusion of any reference to any Contract or other item herein, to the extent that it relates to the Neoteric Business, shall not make such Contract or other item an Acquired Asset or Assumed Liability.