THIS MUTUAL NON-DISLCOSURE AGREEMENT (“Agreement”) is made on (“Effective Date”) by and between Gearvana Ventures, LLC. (together with its subsidiaries and affiliates) having its office at 4055 Corporate Drive, Suite 400, Grapevine, TX 76051 and by , .(together with its subsidiaries and affiliates) having its office at: .
The parties may individually hereinafter be referred to as a “Party”, the “Receiving Party” or the “Disclosing Party” and collectively as the “Parties”.
WHEREAS, the disclosure by the Parties of certain confidential, proprietary and/or trade secret information is necessary to the potential business purposes of the Parties for current discussions regarding an actual or potential vendor-purchaser and/or licensor-licensee relationship; and
WHEREAS, the parties respectively desire to protect and maintain the confidentiality of such information and to control and restrict its dissemination to prevent disclosure to unauthorized parties.
NOW, THEREFORE, the parties agree as follows:
At any time prior to the expiration of this agreement, it is expressly agreed that the identities of any individual or entity and any other third parties including, without limitation, suppliers, customers, financial sources, manufacturers and consultants) discussed and made available by the Disclosing Party in respect of the Purpose and any related business opportunity shall constitute Confidential Information and the Recipient or associated entity or individual shall not, (without prior written consent or the Disclosing Party):parties.
a) directly or indirectly initiate, solicit, negotiate, contract or enter into any business transactions, agreements or undertaking with any such third party identified or introduced by the Disclosing Party; orb) seek to by-pass, compete, avoid or circumvent the Disclosing Party in respect of any business opportunity that relates to the Purpose by utilizing any Confidential Information or by otherwise exploiting or deriving benefit from the Confidential Information.
This Agreement shall be construed, governed and interpreted in accordance with the laws of the State of Texas.
This Agreement states the entire agreement between the Parties and supersedes all prior written agreements, written or oral, between the Parties with respect to the subject matter of this Agreement and may not be amended except in a writing signed by a duly authorized representative of the respective Parties.
IN WITNESS WHEREOF, the Parties have subscribed the names of their duly authorized representatives.
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Signed by Joshua Gray
Signed On: July 7, 2023
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Document Name: Mutual Non-Disclosure
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