Consumer Finance business is believed as making payday advances, loans guaranteed in full by specific house, short term installment loans or credit solutions what to consumers through genuine storefront areas.
Purchasers for Purposes of Article VIII . Purchasers for purposes of ARTICLE VIII includes Purchasers as described in the very first paragraph for this agreement, their parents, successors, subsidiaries, or affiliates, whether now or hereafter owned, operated or managed by Purchasers.
Agreement never to Compete and also to maybe maybe Not Solicit.
Being an inducement for you to get into this agreement, which Purchasers would otherwise never ever be willing 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 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, with Purchasers within 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 restricted to the areas being acquired pursuant to this contract (the limited Area); (3) behave as an officer, manager, worker, shareholder, partner, member, representative, associate or principal of any entity involved in the Restricted Business into the Restricted region; (4) come into any agreement, including franchise agreements aside from with current Mister cash franchisees relating to their franchise agreements with respect to their current franchise territory, for or even be involved in the ownership, administration, operation or control of any limited company inside the limited region; or (5) solicit clients regarded as clients of this company or Purchasers in the Restricted Area into the Restricted company, including those regarded as previous or current customers regarding the company that they’ll perhaps not (1) come right into any contract with or indirectly obtain employees or representatives of Purchasers for the true purpose of causing.