Mutual Nondisclosure Agreement
This agreement is made effective on 05-02-2012 by and between SEAPORTX-USA, Inc. and you, the potential SeaportX rep (collectively, the "Parties"), to ensure the
protection and preservation of the confidential and/or proprietary nature of information disclosed or made
available or to be disclosed or made available to each other. For the purposes of this agreement, each
Party shall be deemed to include any subsidiaries, internal divisions, agents, and employees. Any signing
party shall refer to and bind the individual and the entity that he or she represents.
Whereas the Parties desire to ensure the confidential status of the information that may be disclosed to
each other.
Now, therefore, in reliance upon and in consideration of the following undertakings, the Parties agree as
follows:
- Subject to limitations set forth in paragraph 2, all information disclosed to the other party shall be
deemed to be "Proprietary Information." In particular, Proprietary Information shall be deemed to
include any information, marketing technique, publicity technique, public relations technique,
process, technique, algorithm, program, design, drawing, mask work, formula, test data research
project, work in progress, future development, engineering, manufacturing, marketing, servicing,
financing or personal matter relating to the disclosing party, its present or future products, sales,
suppliers, clients, customers, employees, investors or business, whether in oral, written, graphic or
electronic form.
- The term "Proprietary Information" shall not be deemed to include information that (i) is now, or
hereafter becomes, through no act or failure to act on the part of the receiving party, generally known
or available information, (ii) is known by the receiving party at the time of receiving such information
as evidenced by its records, (iii) is hereafter furnished to the receiving party by a third party, as a
matter of right and without restriction on disclosure, (iv) is independently developed by the receiving
party without reference to the information disclosed hereunder, or (v) is the subject of a written
permission to disclose provided by the disclosing party.
Not withstanding any other provision of this Agreement, disclosure of Proprietary Information shall
not be precluded if such disclosure:
- is in response to a valid order of a court or other governmental body of the United States or any
political subdivision thereof,
- is otherwise required by law, or,
- is otherwise necessary to establish rights or enforce obligations under this agreement, but only to
the extent that any such disclosure is necessary.
In the event that the receiving party is requested in any proceedings before a court or any other
governmental body to disclose Proprietary Information, it shall give the disclosing party prompt
notice of such request so that the disclosing party may seek an appropriate protective order. If, in the
absence of a protective order, the receiving party is nonetheless compelled to disclose Proprietary
Information, the receiving party may disclose such information without liability hereunder, provided,
however, that such party gives the disclosing party advance written notice of the information to be
disclosed and, upon the request and at the expense of the disclosing party, uses its best efforts to
obtain assurances that confidential treatment will be accorded to such information.
- Each party shall maintain in trust and confidence and not disclose to any third party or use for any
unauthorized purpose any Proprietary Information received from the other party. Each party may use
such Proprietary Information in the extent required to accomplish the purpose of the discussions with
respect to the subject. Proprietary Information shall not be used for any purpose or in any manner that
would constitute a violation on law regulations, including without limitation the export control laws
of the United States of America. No other rights or licenses to trademarks, inventions, copyrights or
patents are implied or granted under this Agreement.
- Proprietary Information supplied shall not be reproduced in any form except as required to
accomplish the intent of this Agreement.
- The responsibilities of the Parties are limited to using their efforts to protect the Proprietary
Information received with the same degree of care used to protect their own Proprietary Information
from unauthorized use or disclosure. Both Parties shall advise their employees or agents who might
have access to such Proprietary Information of the confidential nature thereof and that by receiving
such information they are agreeing to be bound by this Agreement. No Proprietary Information shall
be disclosed to any officer, employee, or agent of either party who does not have a need for such
information for the purpose of the discussions with respect to the subject.
- All Proprietary Information (including all copies thereof) shall remain the property of the disclosing
party and shall be returned to the disclosing party after the receiving party’s need for it has expired, or
upon request of the disclosing party, and in any event, upon completion or termination of this
Agreement. The receiving party further agrees to destroy all notes and copies thereof made by its
officers and employees containing or based on any Proprietary Information and to cause all agents
and representatives to whom or to which Proprietary Information has been disclosed to destroy all
notes and copies in their possession that contain Proprietary Information.
- This Agreement shall survive any termination of the discussion with respect to the subject and shall
continue in full force and effect until such time as Parties mutually agree to terminate it.
- This Agreement shall be governed by the laws of the state of Utah. Should any revision of this
Agreement be determined to be void, invalid or otherwise unenforceable by any court or tribunal of
competent jurisdiction, such determination shall not affect the remaining provisions of this
Agreement, which shall remain in full force and effect.
- This Agreement contains final, complete, and exclusive agreement of the Parties relative to the
subject matter hereof and supersedes any prior agreement of the Parties, whether oral or written. This
Agreement may not be changed, modified, amended or supplemented except by a written instrument
signed by both Parties.
- Each party hereby acknowledges and agrees that, in the event of any breach of this Agreement by the
other party, including, without limitations, the actual or threatened disclosure of a disclosing party’s
Proprietary Information without the prior express written consent of the disclosing party, the
disclosing party will suffer an irreparable injury such that no remedy at law will afford it adequate
protection against or appropriate compensation for such injury. Accordingly, each party hereby agrees
that the other party shall be entitled to specific performance of a receiving party’s obligations under
this Agreement as well as further injunctive relief as may be granted by a court of competent
jurisdiction.
- The term of this agreement is for two (2) years, commencing on the "Effective Date."
SEAPORTX, INC REPRESENTATIVE AGREEMENT
Welcome to SeaportX-USA, Inc sales team. We are all looking forward to working with you to develop
increased sales volume in your assigned accounts in the system.
This letter and your subsequent e-signature confirms your understanding, that effective your approved status as a SeaportX Rep you will be directly
responsible for the accounts that you sign up as an independent sales representative at a 1099
status.
SeaportX, Inc will pay commissions by Rep/Agent number based on the selling price and at a
rate agreed upon in advance and put into the system for each account and products. SeaportX-USA,
Inc. will pay the commissions on the 20th and 5th of the month following payment to SeaportX-USA.
Any merchandise credits after commission is paid will be deducted from the next commission
check.
This agreement can be terminated anytime, in writing, by SeaportX-USA, Inc or you. Upon
termination, any commissions due and owed to you will be paid sixty (60) days after the
termination date for orders written by you on or before the termination date. All SeaportX-USA, Inc
catalogs, price lists and sales aids will be returned to SeaportX-USA, Inc prior to the issuance of the
final commission check. Any commissions on credits issued up to ninety (90) days after
termination will be reimbursed, by you, SeaportX-USA, Inc All account lists, sales aids and all other
materials constitute confidential trade secrets and shall be sent back to SeaportX-USA, Inc. You agree
not to share this information, without prior approval in writing, with any other person, firm or
company. |