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This Non-Disclosure Non-Circumvention Agreement is made between
Gorge Warehouse referred herein Gorge Warehouse and _________________ referred
herein as the "Company."
WHEREAS THE PARTIES acknowledge that in the course of business discussions of
mutual interest the Company and Gorge Warehouse enter into this agreement to
grant access to confidential information for the completion of commercial
business transactions with the clients of the Company and Gorge Warehouse. Both
parties understand and agree to protect and disclose only such confidential
information required to complete the transactions and shall not in any way cause
the circumvention or loss of business relationships, compensation and or create
liabilities for Gorge Warehouse or its associates:
In consideration of the covenants contained herein, the parties agree as
follows:
1. Confidential Information: For the purposes of this Agreement, "Confidential
information" means information about Gorge Warehouse or the Company, their
suppliers, financiers or clients, their business or activities that are
proprietary and confidential, which shall include all business, financial,
technical and other information by the nature of the circumstances surrounding
the disclosure, ought in good faith to be treated as confidential.
2. Signatures: The signatures of the parties to this agreement and any
associates they represent hereby confirm that any corporation, organization,
firm, company or individual of which the signatory is associated with (formally
or informally) members of, principal, agent for or representative, employee of,
or otherwise, who would benefit financially from an association with any of
named parties is hereafter bound by this agreement.
3. Confirmation: The Company and each of named parties separate and individually
and their associates hereby agree and understand all subsidiaries, employees,
agents or consultants will not make any contract with, deal or otherwise enter
any transaction(s) with any banking or lending firm, institution, corporate
investor(s) or individual(s), lenders or borrowers, buyers or sellers,
introduced by Gorge Warehouse or through its associates and shall not separately
or individually and/or their associates enter into contracts without the
knowledge and approval of Gorge Warehouse.
4. Guarantee: This agreement is a perpetuating guarantee from date filed in and
affixed by the signature of the Company representative(s) executing this
agreement and is to be applied to any and all transactions entertained by
parties, including subsequent follow ups, repeat, or extended, or renegotiated
transactions entertained by parties as well as to initial transactions. The
parties hereby confirm the identities of any bank, institutions, corporations,
individuals, and/or trusts, lenders, investors or borrowers, buyers or sellers,
are currently property of the introducing parties and remain so for duration of
this agreement.
5. Disclosure: Confidential Information shall not be disclosed or revealed by
the Company to anyone else except the officers, directors, employees and
professional advisors lenders of the Company who have a need to know the
information in connection with the Company's evaluation of Confidential
Information. Company agrees that conveyance of necessary order information
to the factory of origin or other distributing entity shall constitute a
reasonable good faith attempt to augment convenience, and shall therefore be
exempt from this disclosure clause.
6. Term: This Agreement shall survive Five (5) years or until such time as all
Confidential Information disclosed herein becomes publicly known and made
generally available through no action or inaction of the Company.
7. Non-Circumvention: The Company nor Gorge Warehouse shall not (a) make contact
or contracts with, deal with or otherwise involve themselves in any manner with
any third party or parties concerning the Confidential Information without the
express prior written consent of the Company or Gorge Warehouse, or (b) request,
encourage, or cause any person, firm, partnership, association, corporation or
business entity to withdraw, curtail or cancel a business relationship with
Gorge Warehouse or the Company which relationship existed prior to or during the
Term. The parties agree that the foregoing restrictions are reasonable for the
purpose of reserving good will and other proprietary rights. In the event that a
determination is made by a court or other tribunal having jurisdiction over this
Agreement that the above restrictions are unreasonable or otherwise
unenforceable, then the provisions of such clause shall not be rendered void,
but shall be deemed amended to apply to the extent such court or other tribunal
may determine to be reasonable.
8. No Warranty: All Confidential Information is provided on an "as is" basis and
Gorge Warehouse or the Company makes no warranty, either express or otherwise,
regarding its accuracy, completeness or performance.
9. No Obligation: Nothing herein shall obligate the Company or Gorge Warehouse
to proceed with any transaction between them, and each party reserves the right,
in its sole discretion, to terminate the discussions contemplated by this
Agreement concerning the business opportunity.
10. Representations: Each party hereby expressly warrants that it has the full
right and authority to enter into this Agreement.
11. Due Diligence: Each party shall perform its Due Diligence to provide a valid
borrower, loan request and/or lender.
12. Compensation: It is hereby understood that Gorge Warehouse and the Company
will arrive at a mutually accepted method of receiving payment and compensation.
Upon Gorge Warehouse's submission of a client / loan request to the Company, it
is understood that the Company through its Funding Sources shall be the Direct
contact / Lender / Consultant / Correspondent / Broker for the purposes of
providing debt, equity financing and/or venture capital for Gorge Warehouse
clients. Both Gorge Warehouse and Company realize that each funding request is
unique of its own and that no set form of compensation to either party can be
completely determined until such funding request is reviewed by both parties.
The Company through subsequent agreements or contracts cannot change or modify
the client's relationship with Gorge Warehouse and/or the compensation due Gorge
Warehouse. All compensation agreements, due diligence fees, legal fees,
deposits, required payments or demands must be approved by an officer of Gorge
Warehouse before submission to Clients. All Term Sheets, Letters of Intent, Loan
Documents and proposals pertaining to the loan and payment of proceeds to
clients and brokers must be copied, sent and approved by an officer of Gorge
Warehouse. Any deviation from this procedure is considered a breech of this
document.
13. General. This Agreement constitutes the entire agreement between the parties
with reference to the subject matter hereof, and supersedes all prior agreements
or understandings, whether written or oral. This Agreement may not be modified
except by a written amendment signed by all the parties. If any provision of
this Agreement shall be found invalid or unenforceable, then such provision
shall not invalidate or in any way affect the enforceability of the remainder of
this Agreement. This Agreement is binding upon and shall inure to the benefit of
the respective successors of the parties hereto. No party may delegate any
duties or obligations contained in this Agreement without the prior written
consent of the other party. Any purported delegation or other transfer of any
such duties or obligations will be void and without affect. No failure or delay
by a party to exercise any right, power or privilege under this Agreement shall
be construed to be a waiver. The parties further agree that it would be
extremely difficult, if not impossible, to ascertain an agreement of monetary
damages should any party hereto breach this agreement. It is hereby agreed that
as liquidated damages and not as a penalty, should any party or signatory hereto
breach this agreement, they will pay to the aggrieved party or parties 100% of
any reserves, and any cash or other consideration in any form, that is received
from business done with or through the client furnished by agreed party.
14. Documentation: SIGNED FACSIMILE TRANSMISSIONS OF THIS DOCUMENT SHALL BE
CONSIDERED AN ORIGINAL OF THE DOCUMENT, AND SHALL HAVE THE SAME EFFECT AND FORCE
AS SIGNED HARD-COPY ORIGINALS OF THE DOCUMENT, AND SHALL BE BINDING AND LEGALLY
ENFORCEABLE AS ANY FULL RECOURSE COMMERCIAL CONTRACT ISSUED UNDER THE RULES AND
REGULATIONS OF THE INTERNATIONAL CHAMBER OF COMMERCE, PARIS, FRANCE, AND SHALL
APPLY BY REFERENCE HEREIN, RELATING TO NON-CIRCUMVENTION AND NON-DISCLOSURE; AND
IS SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICE CODES OF 1997, OR LATEST
REVISION. The determination of an "Original
" document in the context of UCP 500 sub-Article 20(b) - Commission on Banking
Technique and Practice, 12 July 1999.
15. Essence: The spirit of this agreement is one of mutual trust, good faith,
confidence and reliance on each to do what is fair and equitable. However, it
shall be expected that each of named parties will employ all such conceivable
safeguards as is normally offered matters of private and/or financial nature to
the utmost of their ability. All properties subject to this agreement shall be
attached as exhibits and shall be revised effective on the date indicated on
such revision as to additional parties, property, or opportunities presented by
parties.
16. Administration: It is agreed and understood that there are verified and
recorded logs of all actions of all users on Gorge Warehouse's computer servers
and these may be used to substantiate claims, report actions and generate
reports from time to time as an effort of good business and due diligence. These
computers contain and constitute a factual and time stamped database of all
usage, IP addresses, emails, form entries, lead contacts, selections, deletions,
communications from Gorge Warehouse, status reports, requests, introductions and
all activities of users providing a history which is archived and can be
addressed to substantiate claims in reference to any user within the network.
Gorge Warehouse records physical phone logs of conversations communications and
data pertaining to and cross referencing all actions of users within the network
to protect and promote the membership and protect the rights of each member in
this enterprise.
17. IN WITNESS WHEREOF, the undersigned parties have read and understood the
Agreement, knowingly and voluntarily agree to be bound by its terms and have
executed this Agreement as of the date set forth.
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