Specified Geographic Area definition
Examples of Specified Geographic Area in a sentence
During the Restricted Period, the Members (including Affiliates) shall not, directly or indirectly, solicit, encourage, assist, facilitate or induce any customer, client or supplier of Seller as of the Closing Date (or who were such at any time during the six (6) month period immediately preceding the Closing Date), to breach any agreement or contract with, or to discontinue or reduce his, her, or its business relationships with, the Business being acquired by Buyer within the Specified Geographic Area.
Members further acknowledge and agree that the scope of Seller’s Business is as defined in this Agreement and that the duration of the Restricted Period as well as the geographic scope of the Specified Geographic Area, and the related prohibitions in this Article 3, are reasonable and necessary in order to protect the value and legitimate interests of Buyer and Buyer’s investment in the Assets, including the Confidential Information of the Business.