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Confidentiality & Non-Competition Agreement

This Agreement is made as of the date below, between Small Business Deal Advisors, LLC (“Company”) and and/or any entity that he may own or form (“Contractor”).

Recitals

A) The Contractor and Company desire to discuss certain matters regarding business clients of mutual interest.

B) Small Business Deal Advisors, LLC is client’s consultant.

C) In connection with these discussions, certain confidential and proprietary information regarding the Company may be disclosed to the Contractor to evaluate the potential business opportunity or work on said opportunity.

D) The parties desire to establish the terms under which the Company will disclose certain confidential and proprietary information to the Contractor.

The parties agree as follows:

Confidential Information. Confidential Information shall mean: any data or information that is competitively sensitive material, and not generally known to the public, including, but not limited to, hosting account passwords, Google Application passwords, products, planning information, marketing strategies, plans, finance, operations, customer relationships, customer profiles, sales estimates, personnel information, business plans, and internal performance results relating to the past, present or future business activities of the client, their respective owners, their respective subsidiaries and affiliated companies and the customers, clients, and suppliers of any of the foregoing.
Confidentiality Obligations. Unless expressly authorized by prior written consent of the Company, the Contractor agrees that the Confidential Information will be used solely for the purpose of evaluating Contractor’s interest in the opportunity, and not for any other purpose, and that such Confidential Information will be kept strictly confidential by Contractor.
Non-Competition. For good consideration and as an inducement for the Company to work with the Contractor, the undersigned Contractor hereby agrees not to directly or indirectly compete with the Company and its successors and assigns, specifically related to the Company’s Clients and active Prospects, during the period of the whereby this agreement is valid and for a period of 2 years following termination or expiration of this agreement.
The term "not compete" as used herein shall mean that the Contractor shall not consult or solicit the Company’s clients or active Prospects, as will be identified in a regularly updated list of companies that the Company is actively marketing to. The Contractor acknowledges that the Company shall or may in reliance of this agreement provide Contractor access to trade secrets, customers and other confidential data and good will. Contractor agrees to retain said information as confidential and not to use said information on his or her own behalf or disclose same to any third party.
Third Party Beneficiaries. Nothing in this Agreement, whether expressed or implied, is intended to confer any rights or remedies under or by reason of this Agreement on any persons and the parties hereto and their respective affiliates and successors, nor is anything in this Agreement intended to relieve or discharge the obligations or liability of any third persons to any party to this Agreement, nor shall any provision give any third persons any right of subrogation or action over or against any party to the Agreement.
Assignment. This Agreement may not be assigned by either party without the prior written consent of the other party. This Agreement shall be binding upon and shall inure to the benefits of the parties hereto and their respective heirs, executors, administrators, personal representatives, successors and permitted assigns.
Amendment. No amendment or modification of this Agreement shall be valid unless made in writing and signed by the party to be charged therewith.
Governing Law and Consent of Jurisdiction. This Agreement and performance there under shall be governed by the laws of the State of Michigan. Any dispute arising out of or in connection with this Agreement shall be resolved in courts located in the State of Michigan, and the parties consent to advance to jurisdiction in the courts located in the State of Michigan.
Return of Confidential Information. Upon request, Contractor will promptly redeliver to Company (and will cause its Representatives to redeliver to Company) all copies of Confidential Information and will destroy all memoranda, notes, and other materials prepared by any Representative based on the Confidential Information.
Remedies. The Contractor agrees that any violation or threatened violation of this Agreement will cause irreparable injury to the Company, entitling the Company to obtain injunctive relief in addition to all legal remedies.

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March 7, 2022 12:21 pm EDT

Confidentiality & Non-Competition Agreement Uploaded by Matt Baas - [email protected] IP 73.161.236.168