Non Circumvention Agreement Prevents parties from bypassing each other in business deals, specifying non-circumvention provisions, penalties, and dispute resolution.
This Non-Circumvention Agreement ("Agreement") is entered into effective as of [Insert Effective Date], by and between John Smith ("First Party") and Janet Johnson ("Second Party") (collectively referred to as the "Parties").
2.1. Business Relationships and Contacts
The Parties hereby agree not to circumvent or attempt to circumvent each other regarding any business opportunities that they become aware of through their mutual dealings. This includes, but is not limited to, the direct or indirect initiation, negotiation, or completion of business transactions, contracts, or agreements.
2.2. Non-Disclosure of Confidential Information
During the term of this Agreement, both Parties agree to maintain the confidentiality of any shared proprietary information, trade secrets, or any other confidential data and to prevent any disclosure to third parties, except as required by law.
The term of this Agreement shall begin on the date of last signature and shall continue for a period of [Insert Term Duration] unless terminated earlier according to the provisions herein.
4.1. Breach and Remedies
In the event of a breach of this Agreement by either Party, the non-breaching Party shall be entitled to all remedies available at law or in equity, including, but not limited to, injunctive relief and the recovery of damages, loss of profits, and legal fees incurred as a result of such breach.
4.2. Calculation of Damages
The Parties agree that actual damages for breach of this Agreement may be difficult to ascertain; therefore, the breaching Party agrees to pay the non-breaching Party the sum of [Insert Liquidated Damages Amount] as liquidated damages, not as a penalty, should a violation of the non-circumvention provisions of this Agreement occur.
5.1. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the United States, without regard to its conflict of laws principles.
5.2. Alternative Dispute Resolution
All disputes arising out of or in connection with this Agreement shall first be attempted to be settled amicably through good-faith negotiations. If the dispute cannot be resolved within thirty (30) days, the Parties shall submit the dispute to arbitration administered by a reputable arbitration organization at a location to be mutually agreed upon by the Parties. The decision of the arbitration shall be final and binding.
Notwithstanding the foregoing, both Parties consent to the exclusive jurisdiction of the federal and state courts located in [Select Appropriate Jurisdiction] for any litigation that may arise out of, or be related to, this Agreement.
6.1. Entire Agreement
This Agreement constitutes the entire agreement between the Parties with respect to the subject matter herein and supersedes all prior or contemporaneous oral or written negotiations and agreements.
6.2. Amendment and Waiver
No amendment, modification, or waiver of any clause in this Agreement shall be valid unless set forth in writing and duly executed by both Parties.
If any part of this Agreement is deemed unenforceable, the remaining provisions will continue in full force and effect as if the invalid or unenforceable provision were not contained herein.
6.4. Binding Effect
This Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective heirs, successors, and assigns.
All notices and communications hereunder shall be in writing and sent to the respective Party at the address first mentioned herein, or at such other address as may later be provided in writing by either Party.
Headings and titles of this Agreement are for convenience only and shall not affect the construction of any provision of this Agreement.
the Parties hereto have executed this Non-Circumvention Agreement as of the date first above written.
First Party: John Smith
Second Party: Janet Johnson
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In this Non Circumvention Agreement, you will see the following sections:
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