NON-CIRCUMVENTION NON-DISCLOSURE AGREEMENT (NCND)
PARTY 1: Jamal Alshamsi of Refal International Real Estate L.L.C. holding Passport No. Z1LF98815 with Expiry Date: 07/03/2017 Country of Issue: United Arab Emirates. Address: office Number 207, Building Mohebee Big, Dubai Email address: Refal.ire@gmail.com
PARTY 2: Ms. Judy Van Velsen – Trustee for The Noble House Trust with Australian Passport No: L9390489, Situated at: 8-10 The Esplanade, Melbourne 3192 Victoria, Australia
Whereas the undersigned Parties desire to enter into a working business relationship to the mutual and common benefit of the parties – including each party’s parent / holding company, subsidiary(s) / affiliate company(s), partners, associates, assignees, successors, funding sources, underwriters, customers (all herein referred to as “Affiliates”) and desire to bind themselves to an obligation of confidentiality as regards their sources, contacts and connections, each agrees to the following:
CONDITIONS OF NON-CIRCUMVENTION:
1. This is to reaffirm that each of the named parties as individuals and as duly authorized officers of the named corporations, separately and individually, hereby agree to keep confidential the names, contact information, e.g., email addresses and telephone numbers and addresses, telephone information of the banks, trusts, lenders or borrowers, funding sources, lending institutions, corporations, buyers, sellers, groups and individuals introduced by either party or Affiliates. Such information is considered the property of the introducing party and shall remain so for the term of this Agreement.
2. The parties acknowledge that no effort shall be made to circumvent the terms of this Agreement in an attempt to gain commissions, fees, remunerations, or considerations to the benefit of the other party, while excluding equal or agreed to benefits of the other party.
3. The parties will not solicit or accept any business from the other parties Affiliates.
4. It is also understood that a party cannot be adjudged to be in violation, i.e. to have circumvented, if actions were involuntary due to situations beyond their control, e.g. prior knowledge or possession of information regarding a specific source(s).