Purchasers for Purposes of Article VIII . Purchasers for purposes of ARTICLE VIII includes Purchasers as described into the paragraph that is first of contract, their moms and dads, successors, subsidiaries, or affiliates, whether now or hereafter owned, operated or handled by Purchasers. Customer Finance company is understood to be making pay day loans, loans guaranteed by individual property, short term loans or credit solutions services and products to customers through real storefront areas.
Agreement never to Compete and to maybe maybe maybe Not Solicit.
As an inducement to stepping 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) agree that they can not (1) enter into any contract with or indirectly obtain employees or representatives of Purchasers for the intended purpose of causing them to go out of Purchasers to just take work with Sellers, Seller Affiliates or every other individual or company entity; (2) compete, directly or indirectly, with Purchasers into the procedure of a 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 places owned, operated or handled by Purchasers rather than limited by the places being acquired pursuant to this contract (the limited Area); (3) act as an officer, manager, worker, shareholder, partner, user, representative, associate or principal of every entity involved with the Restricted Business when you look at the Restricted Area; (4) get into any contract, including franchise agreements apart from with current Mister cash franchisees associated with their franchise agreements with respect to their current franchise territory, for or even take part in the ownership, administration, procedure or control over any limited Business inside the limited Area; or (5) solicit customers considered to be clients of this company or Purchasers inside the Restricted region into the Restricted company, including those regarded as previous or current clients for the company. Weiterlesen