Purchasers for Purposes of Article VIII . Purchasers for purposes of ARTICLE VIII includes Purchasers as described when you look at the very first paragraph with this Agreement, their moms and dads, successors, subsidiaries, or affiliates, whether now or hereafter owned, operated or handled by Purchasers. Customer Finance company is defined as making payday advances, loans guaranteed by individual home, short term loans or credit solutions items to clients through real storefront areas.
Agreement never to Compete and also to Not Solicit.
As 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) agree that they can perhaps payday loans in Reidsville not (1) come right into any agreement with or indirectly get employees or representatives of Purchasers for the true purpose of causing them to go out of Purchasers to simply take employment with Sellers, Seller Affiliates or other individual or company entity; (2) compete, directly or indirectly, with Purchasers within the procedure of the store-based pawn or Consumer 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 areas being acquired pursuant to this Agreement (the limited Area); (3) work as an officer, manager, worker, shareholder, partner, member, representative, associate or principal of any entity involved with the Restricted Business into the Restricted region; (4) come into any agreement, including franchise agreements apart from with existing Mister cash franchisees associated with their franchise agreements related to their current franchise territory, for or even take part in the ownership, administration, procedure or control over any limited company inside the limited region; or (5) solicit clients considered to be clients regarding the company or Purchasers in the Restricted region into the Restricted company, including those known to be previous or current clients associated with the company.