Space Mountain
Recycles dryer sheets
- Joined
- Jul 16, 2007
- Messages
- 51
Hi Everybody:
I am considering meeting with an investment group regarding investing in some potential existing businesses through syndications and would like some opinions/re-assurance to below document. After reviewing it, I don't see much of an issue. Just trying to cover myself BEFORE signing.
Thanks in advance.
________________________________________________________________
MUTUAL NONCIRCUMVENTION & NONDISCLOSURE AGREEMENT [FONT="]In consideration for the mutual promises contained herein, the undersigned parties intending to[/FONT]
[FONT="]be legally bound, hereby irrevocably agree not to circumvent, avoid, bypass each other, directly[/FONT]
[FONT="]or indirectly to avoid payment of fees or commissions, in any corporation, trust partnership or[/FONT]
[FONT="]other entity or individual, revealed by either to the other, in connection with the below[/FONT]
[FONT="]referenced properties, and any additions, renewals, extensions, rollovers, amendments,[/FONT]
[FONT="]renegotiations, contracts, or third party assignments relating to this project. Nor, shall any party[/FONT]
[FONT="]reveal or otherwise disclose to a third party any confidential information provided concerning[/FONT]
[FONT="]lenders, sellers, borrowers, buyers, or their names and addresses, telex or telephone numbers, or[/FONT]
[FONT="]any means or access thereto including bank information code or reference and/or any such[/FONT]
[FONT="]information, advised to the other as being confidential or privileged, without the formal written[/FONT]
[FONT="]consent of the other. The term of this agreement will be for a period of two years and include:[/FONT]
[FONT="]properties, additions, renewals, extensions, rollover, amendments, renegotiations, new contracts[/FONT]
[FONT="]or third party assignments relating to this project. Commission fees for each new project shall be[/FONT]
[FONT="]negotiated and agreed to on a project-by-project basis. Addendum to each project controversy or[/FONT]
[FONT="]claim arising out of, or the breach thereof and which is not settled between the signatories[/FONT]
[FONT="]themselves, shall be settled by arbitration in accordance with the rules of the American[/FONT]
[FONT="]Arbitration Association.[/FONT]
[FONT="]This agreement pertains to any and all businesses listed or shown to the potential buyer listed[/FONT]
[FONT="]below by XXX Investments, LLC.[/FONT]
[FONT="]This agreement shall be binding on the parties here undersigned, and their associates consultants,[/FONT]
[FONT="]successors and assignees. All deposits on these properties for sale or lease shall be made to[/FONT]
[FONT="]XXX Investments exclusively. By signing below I/We acknowledge receiving a copy of this[/FONT]
[FONT="]agreement. I/We agree to become personally responsible for any commissions that would have[/FONT]
[FONT="]become due to XXX Investments by any breach of this agreement.[/FONT]
[FONT="]Acknowledged by the following:[/FONT]
[FONT="]L.S __________________ ___________________________[/FONT]
[FONT="](Individually) Printed Name[/FONT]
[FONT="]L.S ______________________________ _____________________________[/FONT]
[FONT="](Corporately) Printed Name[/FONT]
[FONT="]Dated: _______________[/FONT]
I am considering meeting with an investment group regarding investing in some potential existing businesses through syndications and would like some opinions/re-assurance to below document. After reviewing it, I don't see much of an issue. Just trying to cover myself BEFORE signing.
Thanks in advance.
________________________________________________________________
MUTUAL NONCIRCUMVENTION & NONDISCLOSURE AGREEMENT
[FONT="]
[/FONT]
[FONT="]
[/FONT]
[FONT="]
[/FONT]
[/FONT]
[FONT="]
[/FONT]
[FONT="]
[/FONT]
[FONT="]be legally bound, hereby irrevocably agree not to circumvent, avoid, bypass each other, directly[/FONT]
[FONT="]or indirectly to avoid payment of fees or commissions, in any corporation, trust partnership or[/FONT]
[FONT="]other entity or individual, revealed by either to the other, in connection with the below[/FONT]
[FONT="]referenced properties, and any additions, renewals, extensions, rollovers, amendments,[/FONT]
[FONT="]renegotiations, contracts, or third party assignments relating to this project. Nor, shall any party[/FONT]
[FONT="]reveal or otherwise disclose to a third party any confidential information provided concerning[/FONT]
[FONT="]lenders, sellers, borrowers, buyers, or their names and addresses, telex or telephone numbers, or[/FONT]
[FONT="]any means or access thereto including bank information code or reference and/or any such[/FONT]
[FONT="]information, advised to the other as being confidential or privileged, without the formal written[/FONT]
[FONT="]consent of the other. The term of this agreement will be for a period of two years and include:[/FONT]
[FONT="]properties, additions, renewals, extensions, rollover, amendments, renegotiations, new contracts[/FONT]
[FONT="]or third party assignments relating to this project. Commission fees for each new project shall be[/FONT]
[FONT="]negotiated and agreed to on a project-by-project basis. Addendum to each project controversy or[/FONT]
[FONT="]claim arising out of, or the breach thereof and which is not settled between the signatories[/FONT]
[FONT="]themselves, shall be settled by arbitration in accordance with the rules of the American[/FONT]
[FONT="]Arbitration Association.[/FONT]
[FONT="]This agreement pertains to any and all businesses listed or shown to the potential buyer listed[/FONT]
[FONT="]below by XXX Investments, LLC.[/FONT]
[FONT="]This agreement shall be binding on the parties here undersigned, and their associates consultants,[/FONT]
[FONT="]successors and assignees. All deposits on these properties for sale or lease shall be made to[/FONT]
[FONT="]XXX Investments exclusively. By signing below I/We acknowledge receiving a copy of this[/FONT]
[FONT="]agreement. I/We agree to become personally responsible for any commissions that would have[/FONT]
[FONT="]become due to XXX Investments by any breach of this agreement.[/FONT]
[FONT="]Acknowledged by the following:[/FONT]
[FONT="]L.S __________________ ___________________________[/FONT]
[FONT="](Individually) Printed Name[/FONT]
[FONT="]L.S ______________________________ _____________________________[/FONT]
[FONT="](Corporately) Printed Name[/FONT]
[FONT="]Dated: _______________[/FONT]