NON CIRCUMVENTION - NON DISCLOSURE & WORKING AGREEMENT
WHEREAS, the undersigned wish to enter this agreement to define certain parameters the future legal obligation are bound by a duty of Confidentiality with respect to their sources and contacts. This is in accordance with the International Chamber of Commerce Convention (I.C.C. 500).
WHEREAS, the undersigned desire to enter a working business relationship to the mutual and :common benefit of the parties hereto, including their affiliates, subsidiaries, stockholders, partners, co-ventures, trading partners, and other associated organizations (herein after referred to as “Affiliates”).
NOW THEREFORE, in consideration of the mutual promises, assertions and covenants herein and other good and valuable consideration, the receipt of which is acknowledged hereby, the parties hereby agree as follows:
1.TERMS AND CONDITONS:
The parties will not in any manner, solicit, nor accept any business in any manner from sources not their Affiliates, which source were made available through this Agreement, without the express permission of the party who made available the sources and
The parties will maintain complete confidentiality regarding each other’s business sources and /or their affiliates and will disclose such business sources only to named parties pursuant to the express written permission of the party who made available the source, and,
That they will not in any of the transactions the parties are desirous of entering into and do, to the best of their abilities assure the other that the transaction codes established will not be affected and,
That they will not disclose names, addresses, email address, telephone and telefax or telex numbers to any contacts by either party to third parties and that they each recognize such contacts as the exclusive property of the respective parties and that they will not enter into any direct negotiations or transaction with such contracts revealed by the other party and,
That they further undertake not to enter into business transactions with banks, investors, sources, of funds or other bodies, the names of which have been provided by one of the parties to this Agreement, unless written permission has been obtained from the other party(ies) to do so. For the sake of this Agreement, it does not matter whether information obtained from a natural or legal person. The parties also undertake not to make use of a third party to circumvent this agreement.
That in the event of circumvention of this Agreement by either party, directly or indirectly, the circumvented party shall be entitled to a legal monetary penalty equal to the maximum service it should have realized from such a transaction plus any and all expenses including but not limited to all legal costs and expenses incurred to recover the lost revenue.
This Agreement is valid for any and all transactions between the parties herein and shall be governed by the enforceable laws in India.
The signed parties hereby accept such selected jurisdiction as the exclusive venue. The parties may by mutual agreement agree to another jurisdiction. The duration of the Agreement shall perpetuate for five (5) years from the date here of.
2. AGREEMENT TO TERMS:
Signatures on this Agreement received by the way of facsimile, Mail and - or Email shall be deemed to be an executed contract. Agreement enforceable and admissible for all purposes as may be necessary under the terms of the Agreement.
All signatories here to acknowledge that they have read the foregoing Agreement and by their initials and signatures that they have full and complete authority to execute the document for and in the name of the party for which they have given their signature.
ACCEPT AND AGREED WITHOUT CHANGE:
Signed on this, the *** day of Month201X
Name & Designation :
Singn & Designation:
Signed on this, the *** day of Month201X
Name: KP Singh, CEO
Company: Goodpick Technologies Pvt Ltd
Address: 407, Chaudhary Complex, Shakarpur , Delhi-110092
Singn & Designation:Tags: About us