Agreement never to Compete and also to maybe Not Solicit.
Being an inducement to getting into this contract, which Purchasers would otherwise never be prepared to do, R. Douglas Will, Timothy S. Lanham, K. Colette Sawyer, M. Christine Will, Wendell G. Lanham, R. Tedrow Will, Kathryn I. Will, and MMI (collectively Will and Lanham) concur that, they’re not going to (1) come into any contract with or indirectly get employees or representatives of Purchasers for the intended purpose of causing them to go out of Purchasers to simply take work with Sellers, Seller Affiliates or other individual or company entity; (2) compete, directly or indirectly www.approved-cash.com/payday-loans-tx/chico/, with Purchasers into the procedure of the store-based pawn or customer Finance Business (collectively, the limited company) owned, operated or handled by Purchasers in just a 25-mile radius of such Restricted Business owned, operated or handled by Purchasers, including present and future areas owned, operated or handled by Purchasers and never restricted to the areas being acquired pursuant to this contract (the limited Area); (3) behave as an officer, manager, worker, shareholder, partner, user, representative, associate or principal of any entity involved with the Restricted Business within the Restricted region; (4) come into any contract, including franchise agreements except that with current Mister cash franchisees associated with their franchise agreements regarding their current franchise territory, for or even be involved in the ownership, administration, procedure or control of any limited company inside the limited region; or (5) solicit clients regarded as clients associated with company or Purchasers inside the Restricted region when you look at the Restricted company, including those regarded as previous or current clients of this company. The supply in product (5) is certainly not meant to limit the capability of Will and Lanham to conduct company on the internet and internet that is such will never be considered soliciting Purchasers clients so long as Will and Lanham aren’t straight soliciting clients (active or inactive) associated with the company such web business. Continue reading Mister cash payday advances. L&W Characteristics, a Limited Liability Business