List the terms of your commission and commission agreements. If you have a default fee for certain services, you can give more details. Otherwise, it is advisable to leave it open in order to make changes and reach an agreement with the other parties at a later date. In addition to the standard “privacy language,” this document also contains (a) non-circumvention and (b) respect for the identity of the parties. By signing a circumvention agreement, the restricted parties agree not to conspire with each other to circumvent or exploit the protected party in their activities. This type of agreement usually includes privacy and confidentiality rules to provide additional protection for your business. When the protected party`s commercial contacts are reported to another party, the agreement ensures that contacts remain confidential and that the recipient of contact information does not bypass the protected part and comes into direct contact with the contacts. Company A, for example, is a computer repair company and Company B is a software development company. Company A has several customers who need proprietary software. Company A is getting closer to Company B with the proposal to develop this software for company A customers. Company A wants to ensure that Company B does not have a direct relationship with A`s customers or uses A`s client list for the development of new business activities. In this case, a circumvention agreement may protect the interests of Company A. 3.
Non-disclosure of confidential information. The recipient uses confidential information only for the purpose of evaluating the potential transaction. The recipient undertakes to maintain confidential information in trust and trust for a period of three (3) years from the date of execution. The recipient does everything in its power to keep confidential information confidential and does not transmit any of the confidential information to another person, provided that the recipient can provide confidential information to the recipient`s representatives who must know it for the purposes of evaluating the potential transaction and who agree to keep it confidential. The recipient will not disclose or authorize this confidential information and the recipient is solely responsible for anyone who receives confidential information from the recipient or by the recipient`s representatives. The recipient cannot, in any other way, allow this confidential information to be available or accessible, stored electronically or otherwise, published, distributed, transmitted or communicated in any form to third parties. Without limitation of these obligations, all confidential information is protected with the utmost care in order to avoid disclosure and, where possible, is kept flawless and virus-free.