General Contract Clauses: No Business Opportunity | Practical Law
These Standard Clauses memorialize the parties' intent to form a commercial agreement that does not fall within the legal definition of a business opportunity under US federal or state business opportunity laws. Parties (typically, sellers or suppliers) sometimes include these Standard Clauses in their licensing, goods, or services agreement. Theses Standard Clauses have integrated notes with important explanations and drafting and negotiating tips.