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International Chamber of Commerce Non Circumvention & Non Disclosure Working Agreement
WHEREAS, the user wishes to enter into this agreement to define certain parameters of the future legal obligations, are bound by a duty of
confidentially with respect to their sources and contacts. This duty is in accordance with the International Chamber of Commerce Convention
(I.C.C. 500)
WHEREAS, the user desires 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 considerations, the receipts
of which is acknowledged hereby, the parties hereby agree as follows:
TERMS AND CONDITIONS:
A.The parties will not in any manner, solicit, nor accept any business in any manner from sources not their Affiliates, which sources
were made available through this agreement, without the express permission of the party who made available the source and,
B.The parties will maintain complete confidentiality regarding each other, their businesses, business sources and/or their Affiliates
and will disclose such business sources only to named parties pursuant to the express written permission of this party who made available the
source; and,
C.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
D.That they will not disclose names, addresses, email address, telephone and fax 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 transactions with such contacts revealed by the other party and
E.That they further undertake not to enter into business transactions with customers, clients, 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 to do so. For the sake of this agreement, it does not matter whether information obtained from a natural or a legal person. The
parties also undertake not to make use of a third party to circumvent this clause.
F.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 realize 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.
G.All consideration, benefits, bonuses, participation fees and/or commissions received as a result of the contributions of the parties
in the Agreement, relating to any and all transactions will be allocated as mutually agreed.
H.This agreement is valid for any and all transaction between the parties herein and shall be governed by the enforceable law in UK
Courts.
The duration of the Agreement shall perpetuate for 6 months from the date hereof.