Non Disclosure Non Circumvention Agreement Real Estate

Posted by on Apr 11, 2021 in Uncategorized | 0 comments

16. Full agreement, amendment. This agreement (i) constitutes the parties` full understanding and agreement with respect to the issues contained in it and (ii) may only be amended, amended or repealed by a separate act, exported by the recipient and the party who has filed a public deed that has expressly amended, amended or waived that agreement. In the absence of a language of survival, all obligations end with the termination or expiry of this contract. This language obliges all companies related to the recipient and the publishing party to the terms set out in this agreement. This prevents a possible “escape.” 3. Non-disclosure of confidential information. The recipient uses confidential information only for the purpose of evaluating the potential transaction. The recipient undertakes to maintain confidential information in trust and trust for a period of three (3) years from the date of execution. The recipient does everything in its power to keep confidential information confidential and does not transmit any of the confidential information to another person, provided that the recipient can provide confidential information to the recipient`s representatives who must know it for the purposes of evaluating the potential transaction and who agree to keep it confidential.

The recipient will not disclose or authorize this confidential information and the recipient is solely responsible for anyone who receives confidential information from the recipient or by the recipient`s representatives. The recipient cannot, in any other way, allow this confidential information to be available or accessible, stored electronically or otherwise, published, distributed, transmitted or communicated in any form to third parties. Without limitation of these obligations, all confidential information is protected with the utmost care in order to avoid disclosure and, where possible, is kept flawless and virus-free. The recipient must not admit or allow this confidential information to be deliberately or negligently misused or used by the recipient or the recipient`s representatives for his own benefit or for the good of others (directly or indirectly through independent research, reversal, decompilation or other means) for one`s own benefit or for the benefit of others, except in the context of discussions and meetings between the revealing party and the recipient of acts or acts that results or are related to it. In addition to the standard “privacy language,” this document also contains (a) non-circumvention and (b) respect for the identity of the parties. A lawyer can help you check if additional and specialized exceptions may be appropriate for your specific agreement. Depending on the relationship between the parties or the nature of the transaction, it may be desirable to require all representatives to enter into a written agreement for the protection of confidential information. 11. Final agreement. To the extent that and until a final written agreement has been executed and delivered between the recipient and the public party with respect to the potential transaction, neither the recipient nor the public party is subject to any legal obligation regarding the potential transaction resulting from that transaction or another written or oral statement by them or their representatives. , except in the case of this agreement, for the issues that have made the explicit agreement in this regard.

This provision allows the dividing party to seek an injunction to prevent or prevent the recipient from disclosing or using confidential information in violation of this agreement. 13. Compensation.