1. 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 confidentially regarding each other
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 telefax
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 transaction with 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(s) 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. |
