THIS AGREEMENT entered into is for the Professional Association and arrangement of Non-Circumvent, Non-Disclosure and Confidentiality between the party below and Multi-Family Innovations whose principal place of business is 120 N. Washington Square Suite 300 Lansing, MI 48933 herereinafter, called “The Parties.”
The Parties with this respect agree to respect the integrity and tangible value of this agreement between them.
THIS AGREEMENT is a perpetual guarantee for 2 year from the date of execution and is to be applied to any and all transactions present and future.
The Parties agree to keep confidential the names of any contacts introduced or revealed to the other party, and that their firm, company, associates, corporations, joint ventures, partnerships, divisions, subsidiaries, employees, agents, heirs, assigns, designees, or consultants will not contact, deal with, negotiate or participate in any transactions with any of the contacts without first entering written agreement with the Party who provided such contact unless the Party gives prior written permission. Such confidentiality will include names, addresses, telephone, telex, facsimile numbers, and/or other pertinent information disclosed or revealed to either Party.
The Parties agree not to disclose, revel or make use of any information during discussion or observ ation regarding methods, concepts, ideas, product/services, or proposed new products or services, nor to do business with any of the revealed contacts without the written consent of the introducing party.
The Parties agree that due to the many variables surrounding each Real Estate and Business Financing transactions that will occur because of this agreement, the commission to be paid and the fee structure between the parties can vary. A separate fee/commission agreement will outline compensation for Real Estate or Business Financing Transaction. The fee or commission agreement must be drafted and acknowledged by signature before all Business/Financial Transactions.
In case of circumvention, the Parties agree and guarantee that they will pay a legal monetary penalty that is equal to the commission or fee that the circumvented Party should have realized in such transactions, by the persons engaged on the circumvention for each occurrence.
If either party commences legal proceedings to interpret or enforce the terms of THIS AGREEMENT, the prevailing Party will be entitled to recover the court costs and reasonable
attorney fees. Prior direct business relationships with any referred party shall be excluded from this agreement. The Parties agree to provide the other with timely notice of any prior relationships. Prior relationships shall be construed as direct contact within the previous twelve(12) months with the referred party in regards to real estate transactions, notes or Business Financing/Development Transactions.
The Parties will construe THIS AGREEMENT in accordance with the laws of the State that the property in located in. If any provision of this agreement is found to be void by any court of competent jurisdiction, the remaining provisions will remain in force and effect.
THIS AGREEMENT contains the entre understanding between the Parties and any waiver, amendment or modification to THIS AGREEMENT will be subject to the above conditions and must be attached hereto.
Upon execution of THIS AGREEMENT by signature below, the Parties agree that any individual, firm, company, associates, corporations, joint ventures, partnerships, divisions, subsidiaries, employees, agents, heirs, assigns, designees or consultants of which the signee is an agent, officer, heir, successor, assign or designee is bound by the terms of THIS AGREEMENT.
By Electronically signing this Non-Circumvention, Non-Disclosure and Confidentiality Agreement shall constitute a legal binding instrument.
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