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NON-DISCLOSURE AGREEMENT
THIS NON-DISCLOSURE AGREEMENT (THE "AGREEMENT") IS ENTERED INTO BY AND BETWEEN ITAI HAMMER, INTERNATIONAL REALTY FIRM INC., BROKERAGE (THE "DISCLOSING PARTY") AND THE RECEIVING PARTY AS ENTERED BELOW.
WHEREAS, the Disclosing Party possesses certain confidential and proprietary information related to its business, including but not limited to information about potential real estate services such as the purchase of a commercial property, a business, an investment, or other opportunities that may arise; and
WHEREAS, the Receiving Party has expressed interest in receiving such information from the Disclosing Party for the purpose of evaluating potential business opportunities;
NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, the parties agree as follows:
Definition of Confidential Information
For purposes of this Agreement, "Confidential Information" shall mean any and all information disclosed by the Disclosing Party to the Receiving Party, whether orally, in writing, or by any other means, including but not limited to information related to the Disclosing Party's business, financial affairs, operations, products, technology, trade secrets, and know-how.
Obligations of the Receiving Party
The Receiving Party agrees to hold the Confidential Information in strict confidence and not to disclose, divulge, or reveal such information to any person, firm, corporation, or entity, except as authorized by the Disclosing Party in writing. The Receiving Party shall use the Confidential Information solely for the purpose of evaluating potential business opportunities and shall not use such information for any other purpose without the prior written consent of the Disclosing Party.
Non-Circumvention
The Receiving Party agrees that it will not, directly or indirectly, circumvent, avoid, or bypass the Disclosing Party in any way, including but not limited to, by dealing directly with any person, firm, corporation, or entity that the Disclosing Party has introduced or provided access to, or by using any Confidential Information to compete with the Disclosing Party or engage in any activity that is in competition with the Disclosing Party's business.
Remedies
In the event of a breach of this Agreement by the Receiving Party, the Disclosing Party shall be entitled to seek injunctive relief and/or damages, including but not limited to lost profits, consequential damages, and punitive damages.
Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the Province of Ontario and the federal laws of Canada applicable therein. Any disputes arising out of or relating to this Agreement shall be resolved through binding arbitration in accordance with the rules of the laws of the Province of Ontario.
6. Disclosing Party:
Full name: ITAI HAMMER [FULL NAME]
Company name: INTERNATIONAL REALTY FIRM INC., BROKERAGE [COMPANY NAME (IF APPLICABLE)]
Address: 7-15 GERVAIS DRIVE, TORONTO, ON M3C 3S2 [ADDRESS]
Phone number: 416.825.9192 [PHONE NUMBER]
Receiving Party: INFORMATION TO BE ENTERED BELOW
7. Entire Agreement
This Agreement constitutes the entire understanding between the parties with respect to the subject matter hereof and supersedes all prior negotiations, understandings, and agreements, whether written or oral, relating thereto. This Agreement may not be amended or modified except in writing signed by both parties.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date written below.
Itai Hammer, International Realty Firm Inc., Brokerage
[THE "DISCLOSING PARTY"]
The Receiving Party acknowledges that they have read, understood, and agreed to the terms and conditions of this Non-Disclosure Agreement, including the non-circumvention provisions, by providing their information and checking the box below. This constitutes the Receiving Party's agreement to abide by the terms and conditions of this Agreement, and shall be considered an electronic signature or symbol of their acceptance, in lieu of a traditional handwritten signature.
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